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Dan Niles dumps internet stocks ahead of an ‘ugly’ week of earnings
Hedge fund manager Dan Niles said Monday that he dumped a number of internet and megacap tech stocks going into earnings this week. “What you saw on Friday was really much worse results coming out of that market than anybody anticipated,” Niles said in a CNBC ” Closing Bell ” interview. “This is going to […]
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5 things to know before the stock market opens Monday
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters […]
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Stocks making the biggest moves premarket: American Express, Verizon, Twitter and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted […]
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Nasdaq futures slide as Snap results weigh on technology stocks
Nasdaq futures fell in overnight trading Thursday as investors digested a fresh batch of corporate earnings and disappointing results from Snap, which sent social media shares reeling. Futures tied to the Dow Jones Industrial Average slipped 0.15%, or 48 points. S&P 500 futures fell 0.37% and Nasdaq 100 futures tumbled 0.68%. Shares of the Snapchat […]
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