Global Market Headlines

On the plus side, a number of growth stocks showed bullish action, including Shockwave, DoubleVerify and Roblox . CMG stock initially rose, but then turned modestly lower. Intel priced the IPO for its Mobileye self-driving-car unit Tuesday night, slightly above the expected range.

  • The S&P has gained 1.63% and moderated its year-to-date losses to 19%.
  • Hilton earnings topped, but revenue just missed.
  • China stocks slumped in overnight trading, with stocks in Hong Kong suffering their biggest single-day decline since 2008 on the heels of Xi’s authoritarian extension of power.
  • Investors are also awaiting the latest batch of earnings, with tech firms including Apple, Google-parent Alphabet, Facebook parent Meta and Microsoft reporting this week as well as energy giant Exxon Mobil.
  • Get an email summary of the top stories leading MarketWatch after the U.S. market close.
  • A selloff for the ages in the bond market has yields flirting with crisis levels.

Five times in the past year, investors and traders hoped the Federal Reserve would shift to an easier policy stance at some point and were wrong. While it remains to be seen what happens this time, in… Tony Dwyer, Canaccord Genuity chief market strategist, joins ‘Closing Bell’ to discuss what needs to happen before the S&P 500 hits its low, the Fed’s unclear trajectory and more. U.S. Senate Banking Committee Chair Sherrod Brown on Tuesday urged Federal Reserve Chair Jerome Powell to be careful about tightening monetary policy so much that millions of Americans already sufferi…

Market Moguls

The stock market has bounced from its recent low, but it needs to pass certain levels before a sustained recovery will seem likely. Stocks rallied sharply on Tuesday, finding Forex news support as investors weighed a stream of earnings and a retreat in Treasury yields. The Dow Jones Industrial Average DJIA, +1.07% rose nearly 340 points, or …

The stock has rallied 8.8% over the past three months through Tuesday while the S&P 500 has slipped 1.6%. The stock market rally had another strong session Tuesday, as Treasury yields and the dollar retreated.

Gm Had A Good Quarter, But Its Next Year That Counts3 Min Read

Gas hit an all-time high on June 14 of $5.06 per gallon nationwide, approximately 19 weeks ago. The price of a gallon of gasoline early Tuesday was $3.775 down from Monday’s was $3.793.

GM , Coca-Cola and UPS were a few of the iconic American companies to report strong profits and sales for the third quarter on Tuesday. So even though consumers and businesses may feel lousy every time they buy something and see how much it costs…they are still spending. Wall Street added to gains from last week, when optimism on the prospect of slower rate hikes from the Federal Reserve sent bond yields lower. Despite a raft of risky events that investors must Forex news face down over the coming weeks, some on Wall Street believe that the latest bear-market rally in stocks has more room to run. The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistent… YouTube revenue fell, while online advertising rose just 2.5%. Shares rose 1.9% Tuesday to 104.48, also closing in on the 50-day line.

stock market news today

Consumer confidence dropped in October after rising the past few months as inflation — and particularly the cost of gas and groceries — has taken a toll. High inflation in the US isn’t going away anytime soon, warns Prash… IBD Videos Get market updates, educational videos, webinars, and stock analysis. But be ready to take profits or cut losses quickly. Reflecting stocks with more speculative stories, the ARK Innovation ETF jumped 6.7% and ARK Genomics popped 5.4%.

Microsoft Profit Tops Estimates But Cloud Growth Slows The Stock Is Sliding

But, like Microsoft, Google stock is not far from bear-market lows, with some distance to the 200-day. U.S. stock-index futures fell late Sunday, suggesting MCD losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears.

One year ago, a gallon of diesel nationwide sold for 3.606. For the week, Dogecoin was lower by nearly 1.25%. For the month, however, the crypto was lower by more than 6.37%.

Markets Tumble Worldwide As Fears Of A Looming Recession Take Hold

However, signs of uncertain economic activity in the United States and China, the world’s two biggest oil consumers, limited the increase. Stocks gained on dotbig Monday as investors focused on encouraging signs from corporate earnings and hopes that the Federal Reserve would slow the pace of interest-rate increases.

Dow Slumps 600 Points As Traders Worry About Larger Rate Hikes, Jpmorgan Falls After Earnings

CEOs are nervous about more regulations in Washington hurting growth. And rising energy prices could put a crimp in consumer demand. Intraday Data provided by FACTSET and subject to terms of use. Historical and dotbig current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Still, the two-year Treasury yield, more closely tied to Fed policy, declined just 3 basis points to 4.47%. Equity investors in Tesla CEO Elon Musk’s planned Twitter takeover received paperwork today, CNBC reported Tuesday, the latest sign that Musk will close the $44 billion deal by Friday. MCD Dow Jones futures fell slightly early Wednesday, while S&P 500 futures and especially Nasdaq futures lost more ground, with Microsoft and Google parent Alphabet headlining a heavy night of earnings. The Dow Jones Industrial Average on Monday closes in a bear market, joining the S&P 500.

Here’s what history shows about past bear markets hitting new lows from there, according to Bespoke. US stocks opened higher on Monday, as investors awaited a slate of earnings from some of techs biggest firms. Sports and modeling agency IMG, a unit of entertainment giant Endeavor Group Holdings Inc. , said Wednesday it has sold the Miss Universe organization to Thai-based JKN Global Media Public Co. The McDonald’s stock organization runs the annual Miss Universe competition, which is broadcast in 165 countries. Amy Emmerich will remain CEO of the company, while Paula Shugart will remain as president. Endeavor is parent to William Morris Agency and mixed-martial-arts organization UFC, among many other properties. Shares were not yet active premarket, but are down 38% in the year to date, while the S&P 500 has fallen 19%.

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