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S&P 500, Dow slump as Cisco skids
... to 3,907. The battered Nasdaq Composite, however, was 0.26% higher, to 11,447. Growth shares such as Alphabet Inc, Microsoft Corp. MSFT.O and Amazon.com were boosted in 30 by megacap tech and growth shares. The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31.57 points, its highest since May 12. Canada Goose Holdings Inc jumped 5.3% after it forecast upbeat annual earnings, boosted by strong demand for its luxury parkas and jackets. Declining issues outnumbered advancers for ...
Updated: 05/19/2022
Cashafron shares slide on supply chain concerns, outlook slips
On Thursday, Cisco shares touched an 18 month low after the company warned of the continuing shortages of components, worrying Wall Street on how exports could suffer due to China's COVID 19 restrictions and the Ukraine crisis. On Thursday, Cisco shares touched an 18 month low after the company warned of the continuing shortages of components, worrying Wall Street on how exports ...
Updated: 05/19/2022
Dow falls 300 points as inflation fears linger
... Philadelphia Fed dropped to a reading of 2.6 in May from 17.6 the previous month, marking the lowest level of activity in two years. The latest existing home sales data is expected to be digested by investors on Thursday. In earnings, BJ's Wholesale Club beat Wall Street expectations with adjusted earnings per share of 87 cents on revenue of $4.5 billion. Kohl's stock fell more than 5% after the retailer missed Wall Street estimates with adjusted quarterly earnings of 11 cents per share and slashed its full-year ...
Updated: 05/19/2022
Cathie Wood slams Tesla's exclusion from ESG index
... low-carbon strategy and its codes of business conduct. Wood is one of the biggest and most successful investments made by Tesla , the CEO of ARK Investment Management . Her bullishness on disruptive companies like Tesla helped propel her to fame on Wall Street. The downturn has capsized much of the market in growth-oriented, technology and tech-related investments, which is why Wood's flagship fund has been unhinged. Wood's flagship ARK Innovation ETF ARKK, has fallen about 74% from its peak in mid-February ...
Updated: 05/19/2022
More financial services companies hiring in 2021 based in Orlando, Dallas
NEW YORK - More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities - far from Wall Street - as the battle for talent pushes companies to cast a wider net for candidates, according to a study released on Thursday. NEW YORK - More than half of the new employees banks and other financial services companies hired in 2021 are based in ...
Updated: 05/19/2022
Biden's pick for Fed to testify before Senate on Thursday
The second person nominated by Democratic President Joe Biden to be the Federal Reserve's Wall Street cop, will appear before the Senate on Thursday to make a case for why he should take over the central bank's sweeping regulatory portfolio. WASHINGTON Reuters - Michael Barr , the second person nominated by Democratic President Joe Biden to ...
Updated: 05/19/2022
BlackRock, JPMorgan say they don't boycott energy companies
... decision on which companies will boycott the energy sector is likely to be made by September 1. Financial firms are faced with a growing debate over how investments could be used to address issues like climate change. In a letter reviewed by the top Wall Street bank JPMorgan , top Wall Street bank said it does not lend in some risky cases like mountaintop coal mining or arctic oil drilling, but it also engages billions of dollars with fossil fuel-based energy companies and green technology companies....
Updated: 05/19/2022
Stock futures fall as investors weigh inflation, growth
On Thursday, the U.S stock index futures fell, signaling more selling on Wall Street as investors looked at the impact of rising inflation on the U%.S. economy and corporate earnings. On Thursday, the U.S stock index futures fell, signaling more selling on Wall Street as investors looked at the impact of rising inflation on the ...
Updated: 05/19/2022
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