Stocks were slightly higher today. But there wasn’t much to be excited about. The major indices traded higher at the open, then moved sideways throughout the morning. But after an attempt rallied during lunch, stocks dropped, and continued to slide in the afternoon. There was another move higher in the last 30 minutes in the … Read more
Check out the companies making headlines before the bell: Darden Restaurants – The restaurant chain earned 92 cents per share for its second quarter, a penny a share above estimates. Revenue was very slightly below Street forecasts, and a same-restaurant sales increase of 2.1 percent was above the consensus forecast of a 2 percent rise. … Read more
Oracle shares rose as much as 3.6 percent during after hours trading Monday as the company beat expectations on both earnings and revenue. The computer technology company earned 80 cents per share, while analysts expected 78 cents per share. It also beat revenue expectations of $9.52 billion, reporting $9.57 billion in revenue. Boeing shares rose … Read more
Stocks tanked on Monday, pushing the S&P 500 to a new low for the year amid growing concerns that the Federal Reserve’s plan to raise interest rates could be too much for the economy and stock market to handle. The S&P 500 fell as much as 2.5 percent to 2,530.54, surpassing its February intraday low … Read more
Shares of U.S. small-cap companies officially entered bear market territory Monday. The names are the most sensitive to fluctuations in the economy and market sentiment because of their small size, and could signal larger caps would soon join them. “The sell-off comes from the risk-off sentiment. Small caps are riskier than large caps, and there … Read more
Dow Jones Industrial Average futures pointed to a negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session. Dow futures implied a slide of more than 100 points at the open on Monday, as of 8:30 a.m. ET. … Read more
Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. The Dow Jones Industrial Average fell 450 points, led lower by declines in Apple and Johnson & Johnson. The S&P 500 dropped 1.5 percent as the consumer staples and health care sectors lagged. The Nasdaq Composite … Read more
Stocks were mixed today. News that China is buying U.S. soybeans helped stocks rally early on today. China has purchased 1.5 million metric tons of beans over the last 24 hours. But after the positive start, the major indices were choppy and pulled back throughout the day. In the end, the S&P was flat, the DOW was slightly higher, and the NASDAQ finished … Read more
U.S. stock index futures were slightly higher Thursday morning, amid signs of thawing trade tensions between the world’s two largest economies. At around 3:40 a.m. ET, Dow futures rose 70 points, indicating a positive open of more than 94 points. Futures on the S&P 500 and Nasdaq were also seen relatively upbeat. Market participants are … Read more
Longtime bearish analyst Stephen Tusa of J.P. Morgan upgraded shares of General Electric to neutral from underweight on Thursday and removed the stock from the firm’s short idea list, saying the embattled industrial giant now has a more “balanced risk reward at current levels.” “Key to the story, in our view, is the outcome of … Read more