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Chip stock weakness was taking its toll on Thursday, and tech stocks were losing steam. The Nasdaq was down 0.6%, while the S&P fell 0.1%. The Dow looked for direction near the flatline. Memory chip stocks, like Western Digital and Micron, were some of the worst performers premarket though the chip space struggled broadly.
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe
SpaceX stock is dangerously close to breaking its $135 IPO price. SpaceX is set to test its huge, fully-reusable Starship for the thirteenth time. Starship promises to dramatically lower the cost of reaching space while dramatically increasing SpaceX’s capacity to put things into orbit.
There's more to U.S. inflation than just energy prices.
(Updates with index/price moves, macroeconomic data, and geopolitical news from the first paragraph.
Every good party has one guest who starts eyeing the door while the music is still loud. They are not trying to spoil anything. They have just seen how these nights tend to end. Wall Street has its own version of that guest, and right now the speakers are cranked. The S&P 500 keeps closing at ...
Wireless carrier Verizon will announce the reorganization plan Thursday morning. The company has been seeking to reduce costs under its new CEO.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
June CPI came in at 3.5% annually, below the 3.8% economists expected, but rising oil prices and an IBM warning capped gains
Bond yields dropped sharply and Nasdaq futures climbed after a cooler-than-expected inflation report this morning. Futures for the S&P 500 and Nasdaq-100 index rose, while those tied to the Dow industrials edged lower.
Industrial distributor Fastenal reported second-quarter earnings per share of 33 cents, in line with Wall Street estimates.
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
Stock futures pointed in different directions Tuesday as rising energy prices, bank earnings, and key inflation data competed for investor attention
Stock market investors are heading into CPI week with a familiar playbook. The hope is that inflation cools off further and the Fed stays on hold, with robust earnings taking over as the next driver of the S&P 500. For perspective, the S&P 500 recently traded near 7,575, up about 10.7% year ...
Chipotle has to deliver on a few fronts soon.
US stocks are set for a weaker start to the week after last week finished on a positive note, with technology shares expected to come under the most pressure as investors balanced renewed geopolitical tensions against a busy week for inflation data and the start of bank earnings...
July 13 (Reuters) - Futures tied to the S&P 500 and the Nasdaq fell on Monday, as a fresh escalation between Iran and the U.S. in the Gulf rattled investors' sentiment, drove oil prices higher and
I have been tracking SanDisk's numbers. It’s one of my favourites. Why? Its performance, and the reason behind the big numbers. And the numbers keep doing something unusual for sure. They keep getting bigger than the already-big numbers that preceded them. If you didn’t know, SanDisk (SNDK) is the ...
The new head of the central bank inadvertently spilled the beans on what's likely coming regarding interest rates.
July 7 (Reuters) - The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung's strong earnings, while a report on
By Amanda Cooper LONDON, July 7 (Reuters) - Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the
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