Apple is set to open more than 8 percent lower Thursday, a day after slashing first-quarter revenue guidance in a rare acknowledgement of waning sales. That plunge would make for Apple’s worst day of trading since 2013 if the losses hold, and it extends a painful year-end trend for Apple into 2019. The stock, which … Read more
Stocks finish the first trading day of the year higher with some wild moves. After weak economic data in China, the major indices opened the year with losses…and things looked ugly. At one point, the DOW was down 1.7% and trading below 23,000. But after the lower start, stocks rallied and continued their push higher … Read more
U.S. stock index futures fell sharply on Wednesday, the first trading day of the new year, as disappointing economic data from China hampered global risk appetite. At around 8:20 a.m. ET on Wednesday, Dow Jones Industrial Average futures pointed to a drop of 401.46 points at the open. Futures on the S&P 500 and Nasdaq … Read more
U.S. stock futures pointed to sharp losses on Thursday after a massive rally the day before. Dow Jones Industrial Average futures implied a drop of more than 300 points at the open as of 7:01 a.m. ET Thursday. S&P 500 and Nasdaq 100 futures also pointed to declines for the other two major indexes on … Read more
Trading was pretty ugly on Monday. Although markets were open for a short trading session, stocks had their worst day before Christmas on record. But today, stocks bounced back with their best day since March of 2009! Trading was cautious at the open. After a higher open, stocks rallied for 10 minutes then retreated. The DOW and S&P pushed into … Read more
U.S. stock futures rose in volatile trading on Wednesday, in the wake of the Dow’s plunge on Christmas Eve. As of 8:36 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 24.80 points at the open. S&P 500 and Nasdaq futures also pointed to positive moves. Futures have been had been reasonably … Read more
Check out the companies making headlines before the bell: Walgreens Boots Alliance– Walgreens earned an adjusted $1.46 per share for its latest quarter, 3 cents a share above estimates. Revenue also came in above analysts’ forecasts and the company announced plans to cut $1 billion in costs. Separately, Walgreens announced a strategic partnership with Alphabet’s … Read more
U.S. stocks fell Wednesday after the Federal Reserve raised its benchmark overnight lending rate for the fourth time in 2018 and said that it would continue to reduce the size of its balance sheet at the current pace. The central bank also trimmed its outlook for rate hikes in 2019, though not by as much … Read more
The Federal Reserve on Wednesday raised its benchmark interest rate a quarter-point but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25 percent to 2.5 percent. The move marked the fourth increase this year and the ninth since it began … Read more
The Federal Reserve is expected to raise interest rates by a quarter point Wednesday and signal it will not be pushing rates higher as much as it had previously forecast. Strategists say that may soothe volatile financial markets, but the Fed has a tough task in explaining its actions in a way that will not … Read more