April’s consumer price index report expected to show inflation has already peaked

April's consumer price index report expected to show inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, US, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a … Read more

Dow Falls for Fourth Straight Day

Dow Falls for Fourth Straight Day

US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend … Read more

Peloton, Novavax, Vroom and more

Peloton, Novavax, Vroom and more

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand. Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker … Read more

Stocks Open Lower as Bond Yields Edge Higher

Stocks Open Lower as Bond Yields Edge Higher

US stock indexes fell, led by losses in technology shares, as investors shunned both government bonds and equities on worries that further interest-rate increases and China’s Covid-19 policies would weigh on growth. The S&P 500 declined 1.5%, setting major indexes up for another day of losses. The technology-focused Nasdaq Composite Index fell 1.8% while the … Read more

Palantir, Rivian, Uber and more

Palantir, Rivian, Uber and more

Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The data analytics software company’s shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, … Read more

U.S. Stock Futures Point to Wall Street Extending Selloff

U.S. Stock Futures Point to Wall Street Extending Selloff

US stock futures edged down, putting major indexes on track to extend losses after one of Wall Street’s worst selloffs since the pandemic began. Futures tied to the Dow Jones Industrial Average shed 0.3%, a day after the blue-chip index slumped more than 1,000 points, its worst day since 2020. S&P 500 futures edged down … Read more

Dow tumbles 1,000 points for the worst day since 2020, Nasdaq drops 5%

Dow tumbles 1,000 points for the worst day since 2020, Nasdaq drops 5%

Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020. The Dow Jones Industrial Average lost 1,063 points, or 3.12%, to close at 32,997.97. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, its lowest closing … Read more

Stock Futures Slip as Investors Reassess Fed Comments

Stock Futures Slip as Investors Reassess Fed Comments

US stock futures fell, with technology stocks on track to lead losses after the opening bell, as investors assessed the implications of Fed’s most aggressive tightening of monetary policy in more than two decades. Futures for the S&P 500 fell 0.6% Thursday. Contracts for the tech-focused Nasdaq-100 lost 0.7% and futures for the Dow Jones … Read more

Stocks Open Mixed Ahead of Fed Decision

Stocks Open Mixed Ahead of Fed Decision

US stocks wavered Wednesday ahead of the Federal Reserve’s interest-rate decision. The S&P 500 gained less than 0.1% in early New York trading. The tech-focused Nasdaq Composite Index slipped 0.1% while the Dow Jones Industrial Average was roughly flat. Fed officials are widely expected to announce Wednesday afternoon that they are raising interest rates by … Read more

Paramount Global, Logitech, Chegg and more

Paramount Global, Logitech, Chegg and more

Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech … Read more