Breaking News: Markets
Shares in the Asia Pacific fall; Australia retail sales rise
SINGAPORE — Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Japan’s consumer confidence data release. Hong Kong’s Hang Seng index declined about 1% in early trade, while the Hang Seng Tech index dropped 1.44%. In South Korea, the Kospi dropped 1.55%, while […]
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Stock futures are flat after failed attempt at a rally
Stock futures were flat in overnight trading Tuesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edge 0.13% or 39 points, while the S&P 500 and the Nasdaq Composite rose 0.13% and 0.17%, respectively. Pinterest shares jumped more than 4% after hours on news […]
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Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to […]
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New York Fed President John Williams says a U.S. recession is not his base case
New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. “A recession is not my base case right now,” Williams told CNBC’s Steve Liesman during a live “Squawk Box” interview. “I think the economy […]
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ARK Invest’s Cathie Wood says the U.S. is already in a recession
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated […]
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Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) […]
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Asia-Pacific stocks rise slightly as investors weigh economic concerns
SINGAPORE — Shares in the Asia-Pacific region were slightly higher on Tuesday as investors weigh economic concerns. Japan’s Nikkei 225 was up 0.11%, while the Topix rose 0.26%. In South Korea, the Kospi climbed 0.51% and the Kosdaq inched up 0.29%. Australia’s S&P/ASX 200 was 0.22% higher. There is a clear lack of conviction by […]
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Stock index futures inch higher following a losing day Monday
Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%. The overnight action followed modest losses […]
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JPMorgan keeps dividend unchanged as rivals including Morgan Stanley boost payouts after Fed test
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase said Monday that increasingly stringent capital requirements forced it to keep its dividend unchanged while rival banks announced bumps to their quarterly payouts. Bank of America said that it was raising its quarterly dividend […]
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Robinhood shares jump 12% and are halted on report FTX may be exploring a deal
A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 12% to its session high and was briefly halted after a report […]
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