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S&P 500 down 2% on inflation concerns, oil prices up
... Ghriskey , senior portfolio strategist at Ingalls Snyder in New York, said it doesn't take much negativity to cause profit-taking. At some point, aggressive selling is going to dissipate, but it doesn't seem like it's going to be anytime soon, he said. The Dow Jones Industrial Average fell by 491.27 points, or 1.56%, to 30,946. The S&P 500 lost 78.56 points, or 2.01%, to 3,821. 55 and the Nasdaq Composite dropped 343.01 points, or 2.98%, to 11,181. The pan-European STOXX 600 index rose 0.27% and the MSCI 's gauge of stocks ...
Updated: 06/29/2022
Dow falls over 500 points as Wall Street struggles with economic data
U.S. stocks fell on Tuesday, erasing earlier gains as the market didn't keep its rebound from the bear market lows. U.S. stocks fell on Tuesday, erasing earlier gains as the market didn't keep its rebound from the bear market lows. The Dow Jones Industrial Average fell by 491.27 points, or 1.56%, to 30,946. The S&P 500 dropped 2.01% to 3,821. The Nasdaq Composite was down 3% to 11,181 and the 55 was the laggard. The Dow was up as much as 446.83 points, or 1.4%, at one point. The S&P 500 and Nasdaq gained ...
Updated: 06/28/2022
Australian shares set to fall after Wall Street sell-off
... consumer confidence and growing recession fears. The ASX SPI 200 futures fell by 1.2 per cent to 6,591, by 6: 30 am AEST . The Australian dollar was down 0.2 per cent at 69.08 US cents. The benchmark ASX 200 rose 0.9 points higher to 6,763 on Tuesday. The Dow Jones Industrial Average fell by 491.27 points, or 1.5 per cent, to 30,946. The S&P 500 lost 2 per cent to 3,821, and the Nasdaq Composite fell 3 per cent to 11,181. Apple, Microsoft, and Amazon were the heaviest drags on the tech-heavy Nasdaq . The S&P 500 is on track ...
Updated: 06/28/2022
These are 11 past S&P 500 bear markets since WWII
... President John Williams said he believes the U.S. economy will slow but that a recession can be avoided. He said that the Fed 's policy rate could hit 4% sometime next year, up from its current 1.5% -- 1.75% target range, to help cool high inflation. The Dow Jones Industrial Average DJIA was down nearly 300 points, the S&P 500 was down 1.4% and the Nasdaq Composite Index COMP was down 2.3%, according to FactSet . You can tell if the bear market is nearing an end when anxious investors push the panic button. The presidential ...
Updated: 06/28/2022
Nike stock on track for lowest close since Aug. 7, 2020 as earnings miss
... analysts cut their price targets, as the sporting apparel and accessories giant's disappointing gross margin guidance offset fiscal fourth-quarter profit and revenue beats. The stock NKE dropped $5.94, or 5.4%, in midday trading, enough to pace the Dow Jones Industrial Average's DJIA decliners, and put it on track for the lowest close since Aug. 7, 2020. The price decline cut 39 points off the Dow 's price, while the Dow fell by 195 points, or 0.6%. No less than 14 of the 31 analysts surveyed by FactSet lowered their ...
Updated: 06/28/2022
Stocks on track for second week in a row after stress test
... June 30 after being shut for more than three months, according to shares of Walt Disney Inc. The S&P 500 and the Nasdaq are poised to make losses in June and are on course to log two straight quarterly declines for the first time since 2015. The Dow Jones Industrial Average DJI went up 150.44 points, or 0.48%, at 31,588. The S&P 500 was up 10.53 points, or 0.27%, at 3,910. The Nasdaq Composite was up 26.88 points, or 0.23%, at 11,497, and the Nasdaq Composite was down 26.88 points, or 0.23%. Nike Inc. shed 3.9% ...
Updated: 06/28/2022
Stocks are falling as inflation hits 40 years
... half of the year. According to Jefferies , mutual fund managers of large-cap growth funds are underweight by 9.1%, the largest on record based on the firm's review of second quarter Securities and Exchange filings, as reported by Seeking Alpha. The Dow Jones Industrial Average is down 13.5%, the worst first half since 2008.
Updated: 06/28/2022
Travel and leisure stocks prop up Wall Street
..., airlines, cruises, casinos and hotels were among the gainers in premarket trading, boosted hopes of a big jump in international travel and spending. After being shut for more than three months, Walt Disney Inc.'s shares rose 2.5% to the top of the Dow Jones Industrial Average, after the company's Shanghai Disney Resort said it would reopen the Disneyland theme park on June 30. Spirit Airlines and American Airlines Group Inc . were the biggest gainers in the sector, rising 4% and 2% respectively. Melco Resorts jumped ...
Updated: 06/28/2022
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