Qwerasdfzxcv

bitcoin

The Dow Jones finished 0.5% higher after added more than 160 on Friday, the S&P 500 edged up 0.2%, while Nasdaq 100 closed 0.6% in the negative territory. Investors digested the most recent economic data and comments from Federal Reserve speakers after hawkish remarks from Federal Reserve officials that brought down the hope of a pause in rate hikes. Meantime, the University of Michigan Index of Consumer Sentiment rose in February but still, it showed short-term inflation expectations have risen. On the corporate front, Lyft plunged 36% as its earnings result missed expectations, and following the announcement of price cuts. Expedia shares fell 8.5% after a disappointing quarterly report. For the week, the Dow was up 0.2%, while the S&P 500 dropped 0.6% and Nasdaq 100 fell almost 1.8% and booked the worst week since December. .

brought down a pause in rate hikes, short-term inflation expectations have rise

The Dow finished more than 240 points lower on Thursday, while the S&P 500 and Nasdaq 100 lost almost 0.8% and 1%, respectively, as persistent concerns about the economic outlook and higher interest rates rattled optimism about upbeat earnings reports and raised worries on companies' future performance. Richmond Federal Reserve president Thomas Barkin was among the latest officials to acknowledge that the US economy is slowing but warned on continuing rate to ensure inflation doesn't get entrenched. Meantime, initial jobless claims, the most timely snapshot of the labor market, came in at 196,000 for the week ended Feb. 4, an increase of 13,000 from the prior week, but still poting to a tight labor market. On the earnings side, Walt Disney lost about 1.3% amid upbeat earnings after announcing a restructuring plan that includes job cuts and cost savings. PepsiCo added 0.9% as the soda maker reported quarterly results that surprised investors on the upside.

persistent concerns about economic outlook and higher interest rattled optimism

All three major US stocks closed in negative territory on Wednesday, as investors were concerned about the impact of a slowing economy on corporate profits and digested comments from Fed Powell on Tuesday. The Dow Jones lost more than 200 points, and the S&P 500 dipped 1.1%. The Nasdaq shed almost 1.7% due to a heavy selloff in tech, led by an over 7.6% loss by Google’s parent Alphabet after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Also, Amazon and Meta were down 2.2% and 4.3% respectively, while Microsoft finished slightly higher after the software giant said it was updating its Edge web browser and Bing search engine with artificial intelligence. On the flip side, CVS Health Corp and Uber surged more than 3.4% and 5.5%, after upbeat earning results. Chipotle dropped 5% after its quarterly results missed expectations.

Alphabet new AI chatbot Bard delivered incorrect answer in online advertisement

The Dow finished more than 260 points higher after it pared 250 points losses during the session. Meanwhile, the S&P 500 and Nasdaq 100 gained 0.6% and 0.9%, respectively, as investors digest Fed Chair Jerome Powell's remarks at the Economic Club of Washington. The head of the US central bank reiterated that the disinflationary process has begun, particularly in the goods sector, while saying that the Fed has the tools to bring down inflation to its 2% target. At the same time, when asked about the strong January jobs report, Powell's comments did not suggest that it would change the central bank's approach to future rate increases. However, he warned that if robust labor data persists, the terminal level of the Fed funds may be higher. On the corporate side, Chegg plunged 17.1% after the education technology company offered disappointing guidance. Hertz and DuPont rose almost 7.5% and 7.4%, respectively, on the back of earnings that topped expectations.

disinflationary process has begun, while Fed has tools to bring inflation to 2%

The Dow closed more than 30 points lower on Monday, while the S&P 500 and Nasdaq 100 were down 0.6% and 1%, respectively, as investors remained cautious of rising bond yield that signaled further rate hikes in the next Federal reserve meeting. Meantime, traders remained concerned about US-China tensions, while watched a slew of earnings releases. Last week's blockbuster US jobs report and ISM data pointing to a robust services sector added to concerns about persistent inflation and bolstered the case for more rate increases. On the corporate front, Dell Technologies fell 3% after announced it will cut 6,650 jobs following a decline in demand for personal computers. Tyson Foods plunged 4.6% after the biggest US meat company missed its earnings expectations. Another batch of earnings releases is due this week including those from Pepsi, Uber, and Walt Disney and will offer further insight into how businesses deal with growing macro headwinds.

traders concerned about US-China tensions, while watched slew of earning release

The Dow finished marginally higher on Wednesday, while the S&P 500 and Nasdaq 100 added 1% and 2%, respectively, and pared earlier losses after the Fed Chair Powell's news conference. Powell was more optimistic about the outlook for inflation, saying: "We can now say for the first time that the disinflationary process has started.", which sent stocks higher. The Federal Reserve raised the target range for the fed funds rate by 25bps to 4.5%-4.75% at today’s meeting and brought the borrowing costs to their highest since 2007. On the corporate front, Snap dipped over 10% after reporting a poor outlook and a wider-than-expected loss, while Peloton surged 26% after its net loss narrowed year over year. Advanced Micro Devices advanced 12.6% on its upbeat earning reports.

We can now say for the first time that the disinflationary process has started

The Dow added more than 360 points on Tuesday, while the S&P 500 and Nasdaq 100 almost gained 1.5% and 1.7%, respectively, as investors digested a batch of economic data and earning results in the busiest week of earnings season. On the economic front, the growth in US labor costs slowed down in December, indicating that the Federal Reserve's aggressive approach to tame inflation will most likely ease on Wednesday. General Motors jumped almost 8% on its firm earnings report and Pfizer added 1.4% amid its weak 2023 outlook, while Caterpillar missed estimates and dipped 3.5%. Meantime, PayPal went up 2.3% after it planned to cut 2,000 jobs. In January, the Nasdaq 100 rallied 11.5%, while the S&P 500 and Dow were up 6.6% and 2.9%, respectively, marking their third positive month.

Federal Reserve's aggressive approach to tame inflation will most likely ease

The Dow Jones closed 260 points lower on Monday, while the S&P 500 and the Nasdaq dipped almost 1.3% and 2%, respectively, as investors await the Fed’s decision and a busy week of earnings. The Fed is expected to hike rates by 25pbs, slowing its tightening pace for the second straight session at the end of its two-day policy meeting on Wednesday, amid signs that inflation in the US has begun to ease. Elsewhere, the ECB and the BoE are set to hike interest rates by 50 bps on Thursday. On the corporate front, those having earning reports due this week including Apple (-2%), Amazon (-1.6%), and Alphabet (-2.4%), Meta (3.1%) closed in the red. Meantime, Microsoft and Tesla fell 2.2% and 6.3% respectively.

investors await the Fed’s decision and a busy week of earnings

The Dow finished marginally higher on Friday, while the S&P 500 and the Nasdaq 100 were up 0.2% and 0.9% respectively, as investors weighed a batch of economic data ahead of next week’s Federal Reserve meeting. The US Core PCE inflation, the Fed's preferred inflation measure, increased by 4.4% in December and marked its smallest annual rise since October 2021, paving way for smaller Fed hikes. Meantime, US personal spending fell by 0.2% for the second consecutive month in December, due to higher borrowing costs. On the corporate side, American Express soared 10.5% and Visa gained almost 3%, while Intel and Silvergate Capital plunged 6.4% and 3.7%, respectively. Meantime, Tesla soared 11% and marked 31% weekly gain on its firm quarterly reports. For the week, the Dow added 1.6% and the S&P 500 was up almost by 2% while Nasdaq 100 gained 3.3%. Next week, investors await earning results for Meta on Wednesday, and Apple, Google, and Amazon on Thursday.

Core PCE inflation increased by 4.4%, paving way for smaller Fed hikes

The Dow added 200 points, while the S&P 500 and Nasdaq 100 were up 1.1% and 1.7%, respectively, after US fourth-quarter gross domestic product growth beat estimates while corporate earnings turned mixed. The American economy advanced 2.9% in Q4 of 2022, while analysts expected a 2.6% growth, raising hopes that a soft landing for the economy is possible despite the Federal Reserve's aggressive monetary tightening. Meanwhile, durable goods orders also exceeded expectations, while initial unemployment claims unexpectedly fell to nine-month lows. On the earnings front, tesla soared almost 11% after posting solid revenue and earnings and raised the forecasts for 2023. Among losers, IBM fell 4.5% on its announcement that it would cut jobs due to falling short of its annual cash target despite a revenue beat. Southwest Airlines slid 3.1% on warning of losses for the current quarter. Visa and Intel are due to post results after the bell. 

soft landing for the economy is possible despite aggressive monetary tightening

the Dow inched up 0.03%, while the S&P 500 and Nasdaq Composite shed 0.02% and 0.18%, respectively. US stocks initially sold off as a bleak outlook from Microsoft triggered a tech rout, before recovering towards the close as investors shifted their focus to other pockets of the market. Investors now look ahead to more earnings reports and a slew of economic data on Thursday.

investors shifted their focus to other pockets of the market

The Dow added more than 100 points on Tuesday, while the S&P 500 and Nasdaq 100 roughly dropped 0.1% and 0.3%, respectively, as investors digested a batch of economic data and earnings while recession fears remain. The latest flash PMI data from the US showed that business activity across manufacturing and services remained below pair, magnifying the impact of tightening financial conditions on growth and reinforcing bets that the Federal Reserve will slow their pace of tightening. On the corporate side, industrial conglomerate 3M plunged over 6.2% after reporting a drop in profit, while General Electric gained 1.1% after the industrial giant posted quarterly results that topped expectations. Meanwhile, Johnson & Johnson was marginally in red after reporting a 25% drop in earnings and declining sales for Q4 as demands for Covid-19 vaccine dropped. After the bell, all eyes turn to Microsoft reports. 

investors digest batch of economic data and earning while recession fears remain

the Nasdaq Composite rallied 2.01%, the S&P 500 jumped 1.19% and the Dow gained 0.76%, with all three benchmarks turning positive again for the year. Ten out of the 11 S&P sectors advanced, led by technology, communication services and consumer discretionary. Those gains came despite mixed corporate earnings results and weakening US economic data, as investors focused on forward guidance and hopes that the economy was faring better than expected. Investors now look ahead to more earnings reports from major firms such as Microsoft, Johnson & Johnson, Danaher, Verizon and General Electric, among others.

gains came despite mixed corporate earnings results and weakening economic data

The Dow added more than 300 points on Friday, while the S&P 500 and the Nasdaq 100 were up roughly 1.9% and 2.7%, respectively, backed by rallies in tech and other high-growth stocks, sweeping some of the week’s losses. Mega-cap companies, including Meta, Amazon, Microsoft and Tesla jumped between 1% and 5%. Meantime, Google (Alphabet) was up 5.3% after announcing that it will cut 12000 jobs. Netflix soared 8.5% amid weak earnings after reporting stronger-than-expected subscriber numbers. Earlier on Friday, Fed Governor Waller backed a 25 basis points interest rate hike for the next meeting. Comments from Federal Reserve officials have shown to expect interest rates to climb to at least 5% this year to tamp down high inflation. For the week, the Dow was down 2.1%. while the S&P 500 and Nasdaq 100 roughly added 0.3% and 2.9%. Next week, investors’ eyes will be on earning reports from Microsoft on Tuesday, Tesla and IBM on Wednesday, and Intel on Thursday.

rallies in tech and other high-growth stocks, sweeping some of the week’s losses

the Dow and S&P 500 both fell 0.76% for their third straight losing session, while the Nasdaq lost 0.96% to hit its second negative day in a row. Eight out of the 11 S&P sectors finished lower, led by industrials, consumer discretionary and financials. Those moves came as corporate earnings and economic data signaled a slowing economy, overshadowing optimism about a slower pace of central bank policy tightening

Corp earnings and eco data signaled slowing economy and overshadowing optimism

Wall Street failed to hold its upward momentum on Wednesday, with all three major indexes crossing into negative territory as investors digested a slew of US economic data and earnings while reassessing the outlook for monetary policy. The Dow Jones shed more than 600 points, while the S&P 500 and the Nasdaq 100 fell 1.6% and 1.2%, respectively. In an interview with the Associated Press, Fed’s Mester said that the Fed will have to raise the interest rate above 5% to get inflation at the goal level of 2%. On the data front, US producer prices declined in December by the most since the start of the pandemic, and a drop in retail sales exceeded estimates, reinforcing bets that the Federal Reserve will slow its aggressive tightening campaign but exacerbating worries about a recession.

producer prices declined and a drop in retail sales exceeded estimates reinforce

The blue-chip Dow lost almost 400 points on Tuesday, dragged by the financial sector, as investors digested a slew of earnings reports while reassessing the growth outlook. The S&P 500 seesawed around the 4,000 mark while the Nasdaq 100 outperformed by adding roughly 0.1%, driven by an over 7% rally in Tesla. Goldman Sachs reported a larger-than-expected 69% decline in fourth-quarter profits due to heavy losses in its investment banking unit and asset management revenue, which drove its shares down almost 7%. On the other hand, rival Morgan Stanley jumped 6% after surprising investors on the upside after its trading firm got a boost from market volatility. Whirlpool was also in the spotlight after the home appliances company said it is divesting its businesses across Europe, the Middle East, and Africa.

investors digested a slew of earnings reports while reassessing growth outlook

Major US stocks closed in the green on Friday, after investors digested new economic data and parsed a slew of earnings releases from big banks. The Dow closed 0.3% higher and reported its best week since November. The S&P 500 added 0.4% while the Nasdaq 100 gained 0.7%, its longest winning rally since 2021. JPMorgan Chase, the US largest bank, kicked off the fourth-quarter earnings reporting season with upbeat results. However, the bank warned that it is setting aside $1.4 billion in anticipation of a mild recession. Also, Bank of America JPMorgan Chase, Wells Fargo, and Citigroup advanced. Meantime, Tesla declined 0.9% after slashing prices for its vehicles sold in the US. For the week, the Dow added 1.6%, while the S&P 500 and Nasdaq 100 added 1.7% and 3.1%, respectively.

investors digested new data and parsed a slew of earning releases from big banks

US stock indices ended in the green on Thursday, the Dow Jones added more than 200 points, while the S&P 500 and the Nasdaq advanced 0.3% and 0.6% respectively. Investors continued to digest December’s US CPI report that showed the annual headline and core inflation rates slowed to 6.5% and 5.7%, respectively, extending the retreat from their peaks last year and reinforcing bets that the Federal Reserve could further slow its aggressive tightening campaign. Energy shares benefitted from higher oil prices and led the gains for the session, followed by strong performances in real estate and communication services. Additionally, initial unemployment claims unexpectedly fell to a three-month low last week, confirming the stubbornly tight labor market.

inflation retreat from peaks and reinforce bets Fed slowing tightening campaign

The Dow added more than 250 points on Wednesday, while the S&P 500 gained 1.3% and the Nasdaq 100 marked its 4-day winning streak since September, advancing 1.8%. Confidence rose among investors betting on the US Thursday’s inflation report to show cooling signals and a downshift in the Fed's rate hike. It comes after Fed Chair Jerome Powell, in a speech delivered to Sweden's Riksbank on Tuesday, abstained from commenting on the outlook for monetary policy, contrasting with some hawkish messages from his colleagues earlier this week. Globally, hopes grew that China's reopening would boost growth prospects for the country and other economies. On the corporate side, Bed Bath & Beyond shares posted a record one day, up more than 68%, on speculation that the company could be a potential acquisition target.

Confidence rose among investor betting on cooling signal & downshift in rate hik

The Dow added almost 200 points on Tuesday, while the S&P 500 and Nasdaq 100 rallied 0.7% and 0.9%, respectively, as investors reassessed the outlook for economic growth and monetary policy. Risk appetite continued to be lifted by hopes that China's reopening would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. On the policy front, Federal Reserve Governor Michelle Bowman was among the latest officials to warn that rates will have to rise further to bring down inflation to its 2% target. Meanwhile, in a speech delivered to Sweden's Riksbank, Chair Jerome Powell emphasized the need for the central bank to be free of political influence while noting that climate change should not be a priority for monetary policymakers. On the corporate side, Microsoft came into the spotlight after announcing that it plans to invest $10 billion in OpenAI, the company behind the popular ChatGPT.