staging.rockymountainvoice.com

Menu

Tag: Stock Market

Stocks mixed as markets digest Middle East tension
No Comments
National, The Street

Stocks mixed as markets digest Middle East tension

By Rob Lenihan | The Street The S&P 500 returns to flat after ticking higher in early action. The tech-heavy Nasdaq is down 0.8%. Investors seem to be digesting a tension-filled weekend in the Middle East. Hezbollah launched over 300 missiles at Israel, despite Israel launching hundreds of airplanes to strike an airfield in a bid to prevent the attack. Unsurprisingly, oil has made the biggest move higher. Crude oil prices are up 3.4% to $77.35 per barrel, and the United States Oil Fund  (USO) , which tracks West Texas Intermediate crude oil prices, is up 3.3%.  Big oil stocks also responded by trading higher. ExxonMobil  (XOM)  gained 2% while Warren Buffett favorite, Occidental Petroleum  (OXY)...
Read More
Markets claw back some losses on rebound Tuesday; Dow still down 4.17% for the week
No Comments
National, Rocky Mountain Voice

Markets claw back some losses on rebound Tuesday; Dow still down 4.17% for the week

By BRIAN PORTER | Rocky Mountain Voice The worst day in two years on Wall Street and in financial markets worldwide was followed Tuesday by some claw back in value. The Dow Jones Industrial Average, which took a beating on Monday, finished up 0.76% on a nearly 295-point rise. The S&P 500 finished up 1.04% and the Nasdaq Composite advanced 1.03%. Many financial analysts supported the theory Monday's bloodbath for investors was related to an underperforming jobs report, or possibly inaction by the Fed. Former President Donald J. Trump noted it was also possibly related to his opponent, Democrat Kamala Harris, announcing prior to the market opening she had the delegates for the nomination for President. He called it the "Kamala Crash" and boasted a Trump presidency would result i...
Read More
‘The Kamala Crash’: Trump terms market selloff as ‘preview’ of world without him in the White House
No Comments
National, Rocky Mountain Voice

‘The Kamala Crash’: Trump terms market selloff as ‘preview’ of world without him in the White House

By BRIAN PORTER | Rocky Mountain voice As Americans awoke Monday to the start of a work week on Main Street, there was a crash on Wall Street. Investments in Big Tech and other companies with household names plummeted, as the Dow Jones Industrial Average dipped 1,000 points at the opening of markets. By mid-afternoon it had not changed. Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla -- known as the Magnificent Seven -- were all down, leaving some to project those companies alone could have up to $1 trillion in losses on the day. Other overseas markets experienced the same selloff. “Japan down 12%, India down 6%. Germany way down also. U.S. really bad. This is a preview of the world markets without Donald J. Trump in the White House," the former President p...
Read More
Driven by recession concerns, market plunges; Dow opens down 1,000 points, Big Tech stocks fall
No Comments
Fox Business, National

Driven by recession concerns, market plunges; Dow opens down 1,000 points, Big Tech stocks fall

By Matthew Kazin  | Fox Business Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets. The Dow Jones Industrial Average tumbled 1,000 points, while the Nasdaq Composite and S&P 500 also fell by 3.9% and 3.2%, respectively. A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big technology firms, pushed the Nasdaq 100 and Nasdaq Composite into a correction last week. "While Friday’s employment report was disappointing, it wasn’t the only worrisome economic indicator, only the latest," said Greg McBride, Bankrate's chief financial analyst. "Couple economic concerns with the cacophony of earnings disappointments and weak corporate outlooks, global unres...
Read More
Bond markets sound inflation alarm, testing record run for U.S. stocks
No Comments
National, The Street

Bond markets sound inflation alarm, testing record run for U.S. stocks

By Martin Baccardax | The Street Global stocks turned lower this week as investors hit pause on an impressive spring rally amid new warning signals from the bond market that suggest inflation pressure could remain elevated well into the summer months.  The S&P 500 has printed no fewer than 24 record highs this year, and has powered to a five-month gain of around 11.25%, on the strength of improving corporate earnings, a resilient economy and outsized gains in the tech sector tied to the surge in artificial-intelligence investments.  On the fixed-income side, however, things have been notably dour, with global government bond portfolios down 4.9% for the year, according to data from Bank of America's 'Flow Show' report. Bond investors are typica...
Read More
Dow surges to first close above 40,000 as stocks continue to climb in value
No Comments
National, The Street

Dow surges to first close above 40,000 as stocks continue to climb in value

By Charley Blaine | The Street It took literally all of Friday's trading session, but the Dow Jones Industrial Average hit its first close above 40,000.  The blue-chip average finished at 40,000.59, up 132 points, or 0.34% right at the 4 p.m. ET close. The index had hit an intraday high of 40,051.05 on Thursday before dropping back to 39,865.  The Dow's performance was the day's best among the major averages. The S&P 500 was up 6 points, or 0.1%, to 5,303. The Nasdaq Composite was down 12 points, or 0.1%, to 16,685.97.  READ THE FULL STORY AT THE STREET
Read More
Record Thursday: Dow hits 40,000-point mark, all three indexes look set to extend record highs
No Comments
National, The Street

Record Thursday: Dow hits 40,000-point mark, all three indexes look set to extend record highs

By Martin Baccardax | The Street U.S. stocks nudged higher Thursday as investors looked to extend a springtime rally that has lifted all three major benchmarks to all-time highs following a muted inflation report and renewed bets that the Federal Reserve will cut interest rates. The Dow Jones Industrial Average breached the 40,000-point mark for the first time on record, while also setting an all-time best for the time it took to rise 10,000 points. The Dow passed the 30,000 point mark on November 24, 2020, or 1,269 days ago. That's just inside the 1,442 days the Average took to climb from 20,000 points, which it hit on December 13, 2016.  READ THE FULL STORY AT THE STREET
Read More
S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data
No Comments
National, The Street

S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data

By Martin Baccardax | The Street U.S. stocks powered higher Wednesday while Treasury yields and the dollar slipped, as investors picked through a crucial April inflation report that could add further fuel to the market's recent spring rally. The S&P 500 is now trading 0.71% higher on the session at 5,283.90 points, with a new intra-day peak of 5,284.50 points, while the Nasdaq is up 0.84% at 16,165.17 points. The Dow is now just 233 points from breaching the 40,000 mark, having risen 0.5% from last night's close, with Salesforce CRM, Home Depot HD and UnitedHealth Group UNH pacing gains.  READ THE FULL STORY AT THE STREET
Read More