Check out which companies are making headlines before the bell: Nike – Nike reported adjusted quarterly profit of 68 cents per share, 15 cents a share above estimates. The athletic apparel and footwear maker’s revenue beat forecasts, as well. Nike’s results were boosted by strong demand in international markets. Micron Technology – Micron came in […]
Tesla Inc. bonds have joined the company’s shares in the doldrums recently, as the Silicon Valley car maker gets closer to reporting quarterly sales and production. The 5.300% notes, which mature in 2025, were trading at 92.53 cents on the dollar on Friday to yield 6.592%, according to trading platform MarketAxess. On a spread basis, […]
Political risk has replaced rising interest rates as the bigger fear in the stock market for now, and concerns about trade wars or other White House drama will be the market focus in the week ahead. The stock market had its worst week since January 2016, in a violent sell-off that sent the Dow into […]
We’ve been here before An unorthodox action by President Trump unsettles investors, but after a freakout, their optimism returns and the stock market moves higher. But will investors shrug off President Trump’s tariffs on China? The stock market plunged Thursday after Mr. Trump announced the measures against China. Since mid-February, when the Trump administration laid […]
Losses in Chinese tech stocks outpaced their U.S. counterparts on Thursday, with those losses holding into the close after President Donald Trump announced tariffs on tens of billions of dollars’ worth of goods from China. On Thursday, Trump said he instructed the office of the U.S. Trade Representative to draw up a list of tariffs […]
Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world’s largest economies would escalate. The planned sanctions include tariffs on $48 billion worth of Chinese imports as well as restrictions on […]
4:08 p.m. That was not a good way to end the day. The S&P 500 slumped 2.5% to 2643.69 today, while the Dow Jones Industrial Average tumbled 724.42 points, or 2.9%, to 23,957.89. The Nasdaq Composite dropped 2.5% to 7166.68. All three suffered their biggest drops since Feb. 8. Tariffs against China were blamed for […]
Tech stocks valuations are trading at an 11 percent premium to the broader market, the highest spread since 2009, according to Bank of America Merrill Lynch strategists. The tech sector is still 4 percent below its historical average, excluding the premium it had in the tech bubble. The S&P technology sector is up 7.6 percent […]
David Stockman, the so-called “Father of Reaganomics,” hasn’t been shy — or close to right — about his frantically bearish calls in recent years. Just last summer, he warned of a “horrendous storm” that could take the S&P 500 index SPX, -0.18% all the way down to 1,600. From there, he took it up a […]
Given the current volatility of the market, dividend stocks are becoming an increasingly popular way for savvy investors to hedge their bets. Regardless of market conditions, the dividend payment provides a steady source of income every quarter which, investors hope, should increase over time. And investors can boost their holdings by reinvesting that income into […]
U.S. stocks whipsawed on Wednesday after the Federal Reserve upgraded its economic outlook and increased interest rates. The central bank also increased its rate-hike forecast for next year. The Dow Jones industrial average closed 44.96 points lower at 24,682.31, with Apple as the biggest decliner in the index. The Dow rose as much as 250.38 […]
U.S. stocks ended higher Tuesday, led by strong gains in the energy sector as the overall market reclaimed some lost ground from the previous day, when tech shares fell sharply. Market participants also were anticipating the Federal Reserve’s two-day policy meeting, which started in the early afternoon. Investors are watching for signs that the central […]
