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US STOCKS-Wall Street Gains As Investors Focus On Inflation Data ...

2025-07-10T00:45:19Z

LinneaZ665691:

Roblox falls after Hindenburg short on co U.S.-listed shares of Chinese cos fall PepsiCo rises after results * Indexes up: Dow 0.2%, S&P 500 0.8%, Nasdaq 1.3% (Updated at 11:55 a.m. ET) By Lisa Pauline Mattackal and Pranav Kashyap Oct 8 (Reuters) - Wall Street's main indexes rose on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data, which could offer some clues on the Federal Reserve's rate cut trajectory. The indexes regained some ground after a selloff on Monday, where all three major indexes fell roughly 1%, pressured by surging Treasury yields, escalating Middle East tensions, and a re-evaluation of U.S. rate expectations. The Dow Jones Industrial Average rose 64.71 points on Tuesday, or 0.16%, to 42,019.35, the S&P 500 gained 45.52 points, or 0.80%, to 5,741.49 and the Nasdaq Composite gained 225.48 points, or 1.26%, to 18,149.38. Most S&P 500 sectors were up, with the information technology index leading the gains with a 1.8% rise. An index tracking energy stocks lagged, [https://internncraft.com/ sex] losing 2.8%, and was on track for its worst day since April 30, as oil prices retreated following Monday's rally. The two-year Treasury yield slipped slightly from Monday's highs, but the yield on the benchmark 10-year note remained above 4%, as strong economic data last week prompted investors to trim their rate cut bets. Traders have priced in a nearly 89% chance of a 25 basis point interest rate cut from the Fed at its November meeting, according to CME FedWatch, while they had previously seen [https://www.answers.com/search?q=strong%20chances strong chances] of a 50 bps cut. Markets now await consumer price index data, due this Thursday, for more clues on the path of interest rates. "The Fed keeps telling you that they're data dependent - so the end of this week is big to see whether or not inflation is truly tamed," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "But the Fed has been signaling where - not necessarily when - rates are going, and they have signaled that they're going lower." Third-quarter earnings are also in focus, with major banks scheduled to report this Friday. The estimated earnings growth rate for the S&P 500 is 5%, according to LSEG estimates. PepsiCo reversed premarket losses, rising 1.2% after the snack maker trimmed its forecast for [https://search.usa.gov/search?affiliate=usagov&query=annual%20sales annual sales] growth, but reported adjusted earnings per share above estimates. The materials sector fell 0.5% to an over two-week low, as metal prices slipped on waning optimism over China's stimulus measures. U.S.-listed shares of Chinese companies also slid, tracking losses in domestic stocks. Shares of Alibaba Group, JD.com and PDD Holdings lost between 5.9% and 6.3%. Roblox dropped 3.3% after Hindenburg Research on Tuesday disclosed a short position in the gaming platform. Fed Governor Adriana Kugler said earlier on Tuesday she supported further interest rate cuts if inflation continues to ease, as she expects. Comments from other Fed officials including Raphael Bostic, Susan Collins and Philip Jefferson are also expected later in the day. Advancing issues outnumbered decliners by a 1.05-to-1 ratio on the NYSE and by a 1.09-to-1 ratio on the Nasdaq. The S&P 500 posted 25 new 52-week highs and 3 new lows, while the Nasdaq Composite recorded 53 new highs and 84 new lows. (Reporting by Lisa Mattackal and Pranav Kashyap in Bengaluru; Editing by Shinjini Ganguli)

US STOCKS-Wall Street Set To Dip From Record Highs With Trump Tax...

2025-07-09T22:56:57Z

LinneaZ665691:

Futures down: S&P 500 0.36%, Nasdaq 0.51%, Dow 0.15% Tesla slips as Denmark, Sweden sales drop; Trump-Musk feud Circle up after applying for US trust bank license By Sruthi Shankar and Nikhil Sharma July 1 (Reuters) - Wall Street indexes were set to dip on Tuesday, after touching record highs a day earlier, as investors monitored U.S. trade talks and a voting marathon in Washington over President Donald Trump's tax and spending bill. The S&P 500 and the Nasdaq Composite notched all-time closing highs on Monday, [https://internncraft.com/ adult] capping their best quarter in over a year as hopes for more trade deals and possible rate cuts supported sentiment. U.S. senators were still voting on Tuesday on a potentially long list of amendments to Trump's bill that is expected to bring a $3.3 trillion hit to the nation's debt pile. The Republican majority's struggle to pass the bill exemplifies deep [https://realitysandwich.com/_search/?search=divisions divisions] within the party over debt. The bill aims to partly cover the cost of the tax reductions with cuts to Medicaid and some food assistance programs for low-income Americans. Trump said he was open to moving the July 4 deadline he gave fellow Republicans in the U.S. Senate to get behind the bill, while Treasury Secretary Scott Bessent said he expects the Senate to pass the bill by the afternoon. "This version that we hear about is not necessarily the one that's going to pass. So you know that's still something that weighs on investors' minds," said Kim Forrest, chief investment officer at Bokeh Capital Partners. Tesla's shares dropped 6.2% premarket after a fresh spat between CEO Elon Musk and Trump over the tax bill, with the president urging the government efficiency department to review the subsidies that Musk's companies have received. Tesla also reported a sales drop for a sixth straight month in Sweden and Denmark in June. Meanwhile, Trump expressed frustration with U.S.-Japan trade negotiations and Bessent warned that countries could be notified of sharply higher tariffs despite good-faith negotiations, as a July 9 deadline approaches. By 8:39 a.m. ET (1239 GMT), S&P 500 e-minis were down 22.5 points, or 0.36%. Nasdaq 100 e-minis dropped 116.5 points, or 0.51% and Dow e-minis slipped 66 points, or 0.15%. The S&P 500 and the Nasdaq's rise to record highs marked a stunning recovery in sentiment that was hammered by Trump's chaotic trade policies and geopolitical tensions, with investors betting on AI enthusiasm and earnings momentum to keep the bull run going. The blue-chip Dow on Monday closed 2.2% below its all-time high touched in December. S&P Global and ISM's June manufacturing activity surveys, May job openings data as well as Fed Chair Jerome Powell's comments at a European Central Bank forum later in the day will be parsed for hints on U.S. monetary policy outlook. Soft economic data in recent weeks and expectations of Trump picking a dovish central bank head have supported bets of interest rate cuts from the Fed this year and next. Ahead of Thursday's crucial payrolls data, money markets were pricing in 68 basis points of rate cuts by the end of 2025 and about 131 bps of cuts by October next year, per LSEG data. Among other stocks, stablecoin firm Circle edged up 1.3% on news it was applying to create a national trust bank in the U.S. AMC Entertainment Holdings dropped 6.5% after the theater chain operator said it would cut its debt by converting at least $143 million in exchangeable bonds into shares. (Reporting by Sruthi Shankar in Bengaluru; Editing by Devika Syamnath)

US STOCKS-S P 500 Nasdaq Drop In Uneven Trade With Nvidia Results...

2025-07-09T22:19:30Z

LinneaZ665691:

Nike gains after Jefferies upgrades to 'buy' Berkshire Hathaway at record high after record Q4 profit Domino's Pizza falls after missing Q4 same-store sales estimates * Indexes: Dow up 0.07%, S&P 500 down 0.24%, Nasdaq down 0.72% (Updates for market open) By Johann M Cherian and Sukriti Gupta Feb 24 (Reuters) - The S&P 500 and the Nasdaq gave up early gains and declined in choppy trading on Monday, as investors awaited results from chip giant Nvidia for clues on the future of demand for artificial intelligence technology. Most megacap stocks fell, with Tesla sliding 2.7%, Meta down 2.1% and [https://www.gov.uk/search/all?keywords=Microsoft%20losing Microsoft losing] 1.9%. Microsoft has scrapped leases for sizeable data center capacity in the U.S., suggesting a potential oversupply of AI infrastructure, TD Cowen analysts said in a note published late on Friday. The note picked up traction on social media platforms over the weekend, and several media outlets covered the development on Monday. The news comes weeks after the launch of low-cost AI models from China's DeepSeek in January rattled tech stocks and stoked doubts about overspending by U.S. companies on the popular technology. "Everybody's deepest fear is, even though Microsoft, Google, and Meta, have great funding, we don't know that they're really going to go through on their spending plans again because the tide is changing," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "The note of caution on here is how are they going to get all this money paid back?" Chip stocks also fell, with the broader Philadelphia SE Semiconductor Index down 1.6%. Nvidia's quarterly results, expected on Wednesday, puts the chip sector in the spotlight for the week. On the other hand, Apple reversed premarket declines to gain 1.1%. The iPhone maker unveiled planned U.S. investments to help bring online a factory in Texas by 2026 to build AI servers and add about 20,000 research and development jobs across the country. At 10:11 a.m. ET, the Dow Jones Industrial Average rose 28.60 points, or 0.07%, to 43,456.62, the S&P 500 lost 14.54 points, or 0.24%, to 5,998.59 and the Nasdaq Composite lost 141.43 points, or 0.72%, to 19,382.58. The more domestically-focused Russell 2000 smallcaps index lost 1%. Eight of the 11 S&P 500 sectors slipped. Technology stocks led declines with a 0.9% drop. U.S. stock indexes were extending losses registered in the previous week, when a batch of weak economic data and a disappointing forecast from Walmart had sparked concerns that the world's largest economy was stalling. The benchmark S&P 500 and a smallcaps index marked their worst daily declines of 2025 on Friday. On the data front, the Personal Consumption Expenditure index - the Federal Reserve's preferred inflation gauge - is expected on Friday and could help markets gauge the timing of the central bank's first rate cut this year. Interest rate futures indicate the Fed will leave borrowing costs unchanged for the first half of the year, according to data compiled by LSEG. Among other big movers, Berkshire's Class B shares rose 3.5% to touch a record high after the Warren Buffett-owned conglomerate reported a record annual profit over the weekend. Nike added 5.1% after Jefferies raised its rating on the athletic apparel maker to "buy" from "hold". Domino's Pizza fell 5% after the pizza chain missed expectations for fourth-quarter same-store sales. Markets are also on edge for any tariff comments from U.S. President Donald Trump. Declining issues outnumbered advancers by a 1.37-to-1 ratio on the NYSE and by a 2.16-to-1 ratio on the Nasdaq. The S&P 500 posted 22 new 52-week highs and 6 new lows while the Nasdaq Composite recorded 27 new highs and 149 new lows. (Reporting by Johann M Cherian, [https://internncraft.com/ video bokep] Sukriti Gupta and in Bengaluru; Editing by Devika Syamnath)

US STOCKS-Wall St Eyes Higher Open As Softer PCE Data Supports...

2025-07-09T21:35:53Z

LinneaZ665691:

Nike jumps on Q1 profit beat Aug PCE data softer than expected All three indexes set to log quarterly declines * Futures up: Dow 0.60%, S&P 0.69%, Nasdaq 0.95% (Updated at 8:46 a.m. ET/1246 GMT) By Shashwat Chauhan and Shristi Achar A Sept 29 (Reuters) - Wall Street's main indexes were set to open higher on Friday after a softer-than-expected reading on a crucial inflation metric kept alive hopes of a pause in the Federal Reserve's rate hikes. A Commerce Department report showed the personal consumption expenditures (PCE) price index, considered to be the Fed's preferred inflation gauge, climbed 0.4% in August month-on-month, against estimates of a 0.5% rise. Excluding volatile food and energy components, the core PCE price index rose 0.1% in August month-on-month, compared with estimates of 0.2% advance. "These are very, very good numbers. Even though the drop isn't spectacular, it's in the right direction," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "I'm very optimistic that inflation continues to decline and the Fed will note this in their reasoning about interest rates." Traders' bets on the benchmark rate remaining unchanged in November and December stood at 85% and nearly 67%, respectively, according to CME's FedWatch tool. The yield on two-year and 10-year Treasury notes declined, leading growth stocks including Apple, Microsoft, Tesla, Alphabet , Amazon.com and Nvidia to advance around 1% in premarket trading. Market participants now await U.S. consumer sentiment data for September, due shortly after the opening bell. At 8:46 a.m. ET, Dow e-minis were up 202 points, or 0.6%, S&P 500 e-minis were up 29.75 points, or 0.69%, and Nasdaq 100 e-minis were up 140.75 points, or 0.95%. Overnight, Federal Reserve Bank of Richmond President Thomas Barkin backed the central bank's decision to [https://www.news24.com/news24/search?query=hold%20rates hold rates] steady earlier this month, but said it is unclear if more changes will be needed in the future. Elsewhere, investors gauged the prospects of averting a government shutdown as the Democratic-led Senate forged ahead on Thursday with a bipartisan stopgap, while the House began voting on partisan Republican spending bills. The S&P 500 and the Nasdaq are poised for their worst monthly showing of the year amid uncertainty around interest rates. All the three indexes, including the Dow, are set for [https://internncraft.com/ kontol] their first quarterly decline in 2023. Riding the current of higher crude prices, energy is set to emerge as the only major S&P 500 sector to notch monthly gains. Meanwhile, rate-sensitive information technology and real estate were on track to be the worst hit. Among individual stocks, Nike jumped 10.1% after the sportswear maker posted a better-than-expected first-quarter profit. Shares of sporting goods [https://www.europeana.eu/portal/search?query=retailers%20Foot retailers Foot] Locker and Dick's Sporting Goods added 3.2% and 3.1%, respectively. (Reporting by Ankika Biswas, Shashwat Chauhan and Amruta Khandekar in Bengaluru; Editing by Arun Koyyur and Maju Samuel)

US STOCKS-Wall St Set For Lower Open As Middle East Tensions Rise;...

2025-07-09T21:11:59Z

LinneaZ665691:

Futures down: Dow 0.42%, S&P 500 0.29%, Nasdaq 0.25% Boeing shares fall after Air India plane crash Oracle up after raising its annual revenue forecast (Updates before markets open) By Kanchana Chakravarty and Sukriti Gupta June 12 (Reuters) - Wall Street's main indexes were poised for a lower open on Thursday as signs of rising tensions in the Middle East hurt risk sentiment and [https://internncraft.com/ tante sange] investors sought more clarity on Washington's recent trade deals with China. Shares of planemaker Boeing lost 6.3% premarket after an Air India aircraft with more than 200 people crashed in [https://www.healthynewage.com/?s=India%27s%20western India's western] city of Ahmedabad, and aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner. Underscoring increased volatility in the Middle East, President Donald Trump said on Wednesday U.S. personnel were being moved out of the region as it could be a "dangerous place" and the United States would not allow Iran to have a nuclear weapon. "The clearing out of our embassies in the Middle East of non-essential employees sends a signal that we're anticipating some turbulent times," said Kim Forrest, chief investment officer at Bokeh Capital Partners. With a few days left till a planned sixth round of nuclear talks between the United States and Iran, a senior Iranian official said on Wednesday Tehran will strike U.S. bases in the region if [https://www.medcheck-up.com/?s=nuclear%20negotiations nuclear negotiations] fail and conflict arises. China on Thursday affirmed a trade deal with the U.S., strengthening a delicate truce in the trade war that has roiled global markets for much of the year. "Now that a consensus has been reached, both sides should abide by it," Lin Jian, a foreign ministry spokesperson for China, said at a regular news conference. Traders also looked to gain more details on the trade framework discussed by officials from both sides at a two-day talk in London earlier this week. At 08:49 a.m. ET, Dow E-minis were down 180 points, or 0.42%, S&P 500 E-minis were down 17.5 points, or 0.29%, and Nasdaq 100 E-minis were down 53.75 points, or 0.25%. Tesla shares lost 1.1% and Nvidia declined about 1%. Among other movers, Oracle shares rose 8.7% after the cloud service provider raised its annual revenue growth forecast citing increased demand from companies deploying artificial intelligence. U.S.-listed shares of gold miners also advanced, as bullion prices hit a one-week high. Newmont gained 1.8%, Harmony Gold was up 2.9% and AngloGold Ashanti rose 5.5%. Shares of Oklo fell 5.9% after the nuclear technology firm backed by Sam Altman launched a $400 million stock offering. After a tame consumer price report on Wednesday, softer-than-expected producer price data and largely unchanged initial jobless claims helped reduce investor jitters around tariff-driven price pressures. Traders are pricing in 56 basis points of rate cuts by year-end, per data compiled by LSEG. They are penciling in a 61% chance of a 25 bps cut in September, according to the CME Group's FedWatch tool. Policymakers are widely expected to keep rates unchanged next week. With investor bets increasing on Trump reaching favorable trade agreements with several trading partners in the coming weeks, the benchmark S&P 500 index is trading 2% below its record high touched in February. The tech-heavy Nasdaq is about 2.7% from record levels hit in December. (Reporting by Kanchana Chakravarty and Sukriti Gupta in Bengaluru; Editing by Devika Syamnath)

US STOCKS-Wall St Edges Up With Earnings Rate-cut Expectations In...

2025-07-09T20:31:15Z

LinneaZ665691:

Lilly sees 2024 profit above estimates, shares spike Palantir shares soar on AI revenue boost DuPont sets $1 bln stock buyback target, hikes dividend * Indexes: Dow up 0.34%, S&P up 0.19%, Nasdaq up 0.11% (Updated at 9:53 a.m. ET/ 1453 GMT) By Johann M Cherian and Ankika Biswas Feb 6 (Reuters) - Wall Street's main indexes inched higher on Tuesday as investors parsed big-ticket earnings and awaited commentary from policymakers for clues on the timing of the Federal Reserve's first interest-rate cut. Eli Lilly jumped 3.5% after forecasting 2024 profit above estimates, driven by demand for its blockbuster weight-loss drug Zepbound and diabetes medicine Mounjaro. GE HealthCare Technologies gained 8.0% after the medtech firm posted better-than-expected fourth-quarter earnings. The S&P 500 healthcare sector was up 0.6%, scaling a record high. The materials index gained 1.4%, as chemicals firm DuPont de Nemours jumped 6% after beating fourth-quarter profit estimates, announcing a new $1 billion share-repurchase program and hiking its dividend. With around half of the S&P 500 companies having reported earnings, 80.4% have surpassed expectations, according to LSEG data last week. Overall S&P 500 earnings are now expected to have risen 7.8% in the fourth quarter from the year-ago quarter. Investors are actively monitoring forecasts from businesses against a backdrop of high borrowing costs and persistent slowdown concerns. "Companies are telling us they see growth in six months to a year out and it could be growth in earnings or in the top line. But it's definitely growth, and it's not the recession that people were looking for last year," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "Certainly there have been winners and losers in certain categories, but overall, we're getting an economy that's growing." Wall Street started the week on a glum note in the previous session on the heels of a blistering rally in the S&P 500, which notched 13 weekly gains out of 14. The benchmark index was aided by largely positive corporate earnings and optimism that a rate cut might be imminent. However, Fed officials, including Chair Jerome Powell, have actively talked down market expectations of a quick start to policy easing, a key theme in the central bank's interest-rate decision last week. Strong labor market and economic activity data have also fed into rate-cut anxieties. Remarks from the Fed's policymakers through the day, including voting member [https://www.msnbc.com/search/?q=Cleveland%27s%20Loretta Cleveland's Loretta] Mester, will be on investors' watch list. Traders are betting with a nearly 65% chance that at least a 25-basis-point rate cut could be delivered in May, with the odds standing at around 94% for the first cut in June, according to the CME FedWatch Tool. At 9:53 a.m. ET, the Dow Jones Industrial Average was up 130.09 points, or 0.34%, at 38,510.21, the S&P 500 was up 9.50 points, or 0.19%, at 4,952.31, and [https://internncraft.com/ phising] the Nasdaq Composite was up 16.48 points, or 0.11%, at 15,614.16. Palantir Technologies jumped 26.3% after the data analytics firm forecast annual profit above estimates, while FMC Corp tumbled 8.1% after forecasting downbeat first-quarter profit. Gartner lost 2.9% after the research and advisory firm forecast annual results below estimates. Advancing issues outnumbered decliners by a 3.23-to-1 ratio on the NYSE and by a 2.19-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and eight new lows, while the Nasdaq recorded 42 new highs and 57 new lows. (Reporting by Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Pooja Desai)

US STOCKS-Wall St Advances As Softer PCE Data Supports Rate-pause...

2025-07-09T20:05:38Z

LinneaZ665691: Created page with " Nike jumps on Q1 profit beat Aug PCE data softer than expected Carnival gains after FY profit forecast raise All three indexes set to log quarterly declines Indexes up: Dow 0.33%, S&P 0.75%, Nasdaq 1.34% (Updated at 10:02 a.m. ET/ 1402 GMT) By Shashwat Chauhan and Shristi Achar A Sept 29 (Reuters) - U.S. stocks rose on Friday after a softer-than-expected reading on a crucial infla..."

Nike jumps on Q1 profit beat Aug PCE data softer than expected Carnival gains after FY profit forecast raise All three indexes set to log quarterly declines Indexes up: Dow 0.33%, S&P 0.75%, Nasdaq 1.34% (Updated at 10:02 a.m. ET/ 1402 GMT) By Shashwat Chauhan and Shristi Achar A Sept 29 (Reuters) - U.S. stocks rose on Friday after a softer-than-expected reading on a crucial inflation metric kept [https://www.accountingweb.co.uk/search?search_api_views_fulltext=alive%20hopes alive hopes] of a pause in the Federal Reserve's rate hikes, though main indexes were on track to log quarterly declines. A Commerce Department report showed the personal consumption expenditures (PCE) price index, considered to be the Fed's preferred inflation gauge, climbed 0.4% in August month-on-month, against estimates of a 0.5% rise. Excluding volatile food and energy components, the core PCE price index rose 0.1% in August month-on-month, compared with estimates of 0.2% advance. "These are very, very good numbers. Even though the drop isn't spectacular, it's in the right direction," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "I'm very optimistic that inflation continues to decline and the Fed will note this in their reasoning about interest rates." Traders' bets on the benchmark rate remaining unchanged in November and December stood at 85% and 67%, respectively, according to CME's FedWatch tool. The yield on two-year and 10-year Treasury notes declined, leading growth stocks including Apple, Microsoft, Tesla, Alphabet , Amazon.com and Nvidia to advance between 1.3% and 3.0%. A final reading of the September University of Michigan Consumer Sentiment Index came in at 68.1, versus expectations of 67.7. At 10:02 a.m. ET, the Dow Jones Industrial Average was up 110.59 points, or 0.33%, at 33,776.93, the S&P 500 was up 32.28 points, or 0.75%, at 4,331.98, and the Nasdaq Composite was up 176.48 points, or 1.34%, at 13,377.75. Real estate led gains among the major S&P 500 sectors, rising 1.3%, while beaten-down utilities rose 1.0% Energy was an outlier, down 0.9% after rallying over 2% so far this week. The S&P 500 and the Nasdaq are poised for their worst monthly showing of the year amid uncertainty around interest rates. All the three indexes, including the Dow, are set for their first quarterly decline in 2023. Riding the current of higher crude prices, energy is set to emerge as the only major S&P 500 sector to notch monthly gains. Meanwhile, rate-sensitive information technology and real estate were on track to be the worst hit. Elsewhere, investors gauged the prospects of averting a government shutdown as the Democratic-led Senate forged ahead on Thursday with a bipartisan stopgap, while the House began voting on partisan Republican spending bills. Traders would also lookout for JPMorgan Hedged Equity Fund as a potential source of additional volatility, as the $16 billion fund is expected to reset its options positions on Friday. Among individual stocks, Nike jumped 8.4% after the sportswear maker posted a better-than-expected first-quarter profit. Shares of sporting goods retailers Foot Locker and Dick's Sporting Goods added 4.1% and 2.1%, respectively. Carnival rose 2.2% after the cruise operator forecast a smaller annual loss than previously estimated and reported a [https://www.deer-digest.com/?s=third-quarter%20profit third-quarter profit]. Advancing issues outnumbered decliners by a 3.80-to-1 ratio on the NYSE and by a 2.79-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and two new lows, while the Nasdaq recorded 21 new highs and 60 new lows. (Reporting by Ankika Biswas, Shashwat Chauhan, [https://internncraft.com/ adult] Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Arun Koyyur and Maju Samuel)

US STOCKS-S P 500 Posts Longest Weekly Winning Streak Since 2017;...

2025-07-09T19:55:45Z

LinneaZ665691:

Costco climbs after posting upbeat Q1 results * U.S. business activity picks up in December - survey By Caroline Valetkevitch NEW YORK, Dec 15 (Reuters) - The S&P 500 ended little changed on Friday but registered a seventh straight week of gains in its longest weekly winning streak since 2017 after this week's dovish pivot by the [https://app.photobucket.com/search?query=Federal%20Reserve Federal Reserve]. Some optimism among investors dampened after Fed Bank of New York President John Williams said on Friday it was too soon to be talking about rate cuts. Also, the rate sensitive real estate and utilities sectors gave back some of their big gains tied to the Fed statement. Stocks rallied this week after the Fed in its policy statement Wednesday signaled lower borrowing costs in 2024. The Dow Jones industrial average notched another record high close on Friday, and an index of semiconductors had its biggest weekly gain since May. "What I think we got this week is that (Fed Chair Jerome Powell) doesn't want to overly punish the economy with (rates) being higher for longer for no good reason," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. "I don't know if we're going to get whatever is considered a Santa Claus rally, but it looks like all things being considered, we could drift higher from here." According to preliminary data, the S&P 500 lost 4.52 points, or 0.10%, to end at 4,715.03 points, while the Nasdaq Composite gained 52.36 points, or 0.25%, to 14,798.43. The Dow Jones Industrial Average rose 35.59 points, or 0.10%, to 37,276.95. The day also marked the expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as "triple witching." Shares of Costco Wholesale jumped after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries. Earlier on Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter. (Reporting by Caroline Valetkevitch; additional reporting by Shristi Achar A and [https://internncraft.com/ pencabulan] Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta, Maju Samuel and Aurora Ellis)

Kohl s Sticks To Annual Targets Amid Tariffs Turbulence At Top

2025-07-09T19:35:46Z

LinneaZ665691: Created page with " Shares jump 15% Analysts welcome forecast retention Interim CEO says will stick to former chief's turnaround plan (Adds comments from conference call throughout, adds analyst comment in paragraph 5, updates shares) By [https://www.modernmom.com/?s=Juveria Juveria] Tabassum May 29 (Reuters) - Kohl's retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets..."

Shares jump 15% Analysts welcome forecast retention Interim CEO says will stick to former chief's turnaround plan (Adds comments from conference call throughout, adds analyst comment in paragraph 5, updates shares) By [https://www.modernmom.com/?s=Juveria Juveria] Tabassum May 29 (Reuters) - Kohl's retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its turnaround against the backdrop of tariff-induced uncertainty, pushing its shares up 15% on Thursday. The company, which fired its CEO earlier this month for a personal relationship with a vendor, reported a loss per share of 13 cents for the first quarter, compared with estimates of a loss of 26 cents, according to data compiled by LSEG. Kohl's maintained its 2025 sales forecast of a 5% to 7% fall and earnings per share estimates of 10 cents to 60 cents. In contrast, [https://internncraft.com/ sex] larger rival Macy's cut its annual profit forecast a day earlier but maintained its sales expectation. "We think that within the guidance that we've given, we can manage through the tariff issue," Kohl's interim chief Michael Bender said on a post-earnings call. Kohl's maintaining forecasts was "an encouraging sign in the current environment," Telsey Advisory Group analyst Dana Telsey said. Analysts had [https://www.ourmidland.com/search/?action=search&firstRequest=1&searchindex=solr&query=expected%20Kohl%27s expected Kohl's] to cut or withdraw its forecasts at a time when tariffs have forced several retailers to lower their financial targets. Kohl's, like Macy's, is closing underperforming stores to focus on investing in outlets at prime locations and offering more of its private brands amid intense competition from off-price and online retailers. The company does not expect major shifts away from the turnaround plan laid under former CEO Ashley Buchanan, Bender said. Kohl's partnership with Sephora has remained a bright spot due to resilient demand for higher-end beauty and skincare products. The company is leveraging that association and has completed the rollout of Sephora outlets in nearly all its 1,100 U.S. stores. Kohl's will provide coupons with more brands by mid-August to ensure consumers have more discount options heading into the back-to-school and holiday shopping seasons, CFO Jill Timm said. "Kohl's has a long road to turning the business around but it's gratifying to see that the CEO turmoil didn't drag down this quarter," said Kim Forest, chief investment officer at Bokeh Capital Partners. The company's net sales for the three months ended May 3 were $3.05 billion, topping estimates of $3.02 billion. (Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)

US STOCKS-Wall St Set For Gains On China Trade De-escalation Hopes;...

2025-07-09T19:20:59Z

LinneaZ665691:

Futures up: Dow 0.45%, S&P 500 0.32%, Nasdaq 0.20% Fed's monetary policy announcement due at 2 pm ET Uber falls after Q1 revenue misses estimates * Disney shines as earnings top expectations (Updates before markets open) By Purvi Agarwal and Johann M Cherian May 7 (Reuters) - U.S. stock index futures pointed to a slightly higher open on Wednesday as hopes for a de-escalation in trade tensions with Beijing firmed and investors awaited the Federal Reserve's interest-rate decision later in the day. Washington announced late on Tuesday that representatives of the two countries would meet over the weekend in Switzerland for ice-breaker trade discussions. The meetings will follow weeks of tit-for-tat tariffs that roiled financial markets and flagged concerns about global economic growth. Mixed signals from the world's two biggest economies recently on the status of the negotiations led to uncertainty, [https://slashdot.org/index2.pl?fhfilter=pushing pushing] many companies to shelve their forecasts. The U.S. central bank, meanwhile, adopted a wait-and-watch approach despite signs of slowing growth. President Donald Trump's administration has said potential deals with major trading partners are underway, but markets are yet to see tangible results on that front. "There's a lot of theater that's going to go on, but I would think that (moving forward) sooner rather than later is probably what both parties want," said Kim Forrest, [https://internncraft.com/ memek] chief investment officer at Bokeh Capital Partners in Pittsburgh. "It's become clear that a lot of the tariff talks are more for discussions on how to change trade." At 08:36 a.m. ET, Dow E-minis were up 185 points, or 0.45%, S&P 500 E-minis were up 18.25 points, or 0.32%, and Nasdaq 100 E-minis were up 40 points, or 0.20%. The U.S. Federal Reserve is scheduled to announce its policy decision on Wednesday afternoon, when it is widely expected to hold interest rates steady. Traders are now roughly pricing in a rate cut by July, according to data compiled by LSEG, after a mixed bag of data last week signaled a slowing U.S. economy and a resilient labor market. Comments from policymakers will be scrutinized for clues on how they plan to approach monetary policy easing this year, given the backdrop of Trump's criticism of Fed Chair Jerome Powell and repeated calls for lower interest rates, which had spooked investors in April. Wall Street ended lower for the second straight session on Tuesday after the U.S. administration failed to provide clarity on the trade front. The S&P 500 is more than 8% away from its record high notched in February, even though all indexes have recouped declines logged since Trump's announcement of "Liberation Day" reciprocal tariffs on April 2. Advanced Micro Devices was up 1.2% in premarket trading after the chipmaker forecast revenue for the second quarter above Wall Street estimates. Walt Disney's quarterly results topped Street expectations , helped by increased visitor spending at its U.S. theme parks and a surge in streaming customers, sending its shares up 8.4%. Uber Technologies dropped 4.1% as the ride-hailing and food delivery company missed quarterly revenue expectations and said it anticipates a 1.5% currency-related drag on second-quarter gross bookings growth. Arista Networks fell 6.5% after its quarterly report, while Marvell Technology lost 8.4% after narrowing its forecast for the first quarter of 2026 and postponing its investor day. (Reporting by Purvi Agarwal and Johann M Cherian in Bengaluru; Editing by Pooja Desai)

Stocks Yuan Copper Rise After China Unveils Stimulus

2025-07-09T19:00:24Z

LinneaZ665691: Created page with " China's yuan strengthens * Copper, oil also higher after China announcement (Updates to 11:30 a.m. ET/1530 GMT) By Caroline Valetkevitch NEW YORK, Sept 24 (Reuters) - A global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy. China's yuan hit a 16-month high against the U.S. dollar. The yuan last was up 0.6..."

China's yuan strengthens * Copper, oil also higher after China announcement (Updates to 11:30 a.m. ET/1530 GMT) By Caroline Valetkevitch NEW YORK, Sept 24 (Reuters) - A global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy. China's yuan hit a 16-month high against the U.S. dollar. The yuan last was up 0.61% against the greenback at 7.018 per dollar. People's Bank of China Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden. Pan also said China would roll out structural monetary policy tools for the first time to help stabilise capital markets. The S&P 500 moved lower after data showed U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. But the index was last up slightly. Investors are looking for clues on the Federal Reserve's next move after the U.S. central bank began its latest easing cycle last week with a 50 basis point cut in interest rates. MSCI's gauge of stocks across the globe rose 1.15 points, or 0.14%, to 841.20 and hit a record high. The STOXX 600 index gained 0.61%. Earlier, the blue-chip CSI300 index and the Shanghai Composite index surged, while Hong Kong's Hang Seng Index jumped to a four-month high. The Dow Jones Industrial Average rose 114.13 points, or 0.27%, to 42,238.78, [https://internncraft.com/ tante sange] the S&P 500 rose 0.75 points, or 0.01%, to 5,719.32 and the Nasdaq Composite rose 9.15 points, or 0.05%, to 17,983.17. "Between now and the time the Fed meets, we'll have a couple of jobs reports. They've told us unemployment now is the thing that's driving rate cut decisions. The soft landing is when unemployment doesn't start skyrocketing," said Kim Forrest, chief investment officer at Bokeh Capital Partners. U.S. rate futures have priced in a 56.5% chance of another super-sized rate cut of 50 bps at the November meeting, with a 43.5% odds of the more standard 25 easing. U.S. crude rose 1.44% to $71.36 a barrel and Brent rose to $74.88 per barrel, up 1.31% on the day. Three-month copper on the London Metal Exchange climbed by 2.9% to $9,822 a metric ton by 1515 GMT after hitting its highest since July 15 at $9,825. In other commodities, spot gold rose 0.64% to $2,645.87 an ounce. Risk appetite improved after China's stimulus measures. U.S. Treasury long-dated yields edged higher. The yield on benchmark U.S. 10-year notes rose 0.7 basis points to 3.745%, from 3.738% late on Monday. The U.S. dollar index extended declines after the [https://hararonline.com/?s=consumer%20confidence consumer confidence] data. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.33% to 100.59, with the euro up 0.36% at $1.1152. Against the Japanese yen, the dollar strengthened 0.03% to 143.64. The Reserve Bank of Australia held interest rates steady, as expected, and reiterated that policy needed to stay tight, in contrast to the U.S. Federal Reserve which started its easing cycle with a 50 basis point (bp) cut last week. In a speech at a meeting with business leaders in Osaka on Tuesday, BOJ Governor Kazuo Ueda said it can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy. (Additional reporting by Sruthi Shankar, Ankur Banerjee, Johann M Cherian and Purvi Agarwal; Editing by Mark Potter and Marguerita Choy)

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2025-07-09T19:00:12Z

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