Stock Market Overview
Tue, May 7th, 2024
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Stocks See Support as Bond Yields Fall
Barchart - 1 hour ago
The S&P 500 Index ($SPX) (SPY) this morning is up +0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.04%.Â
US stock indexes this morning are mixed, with the S&P 500 climbing to a 3-week high and the Dow Jones Industrials posting a 4-week high. A decline in the 10-year T-note yield today to a 3-1/2 week low is supporting stocks. Also, expectations that the Fed will start cutting interest rates this year are positive for stocks.Â
Corporate news today is mixed for stocks. On the positive side, International Paper is up more than +7% after Reuters reported that Suzano approached International Paper with an offer to buy the company for about $15 billion or $42 per share. Also, International Flavors and Fragrances is up more than +5% after reporting stronger-than-expected Q1 net sales. In addition, GlobalFoundries is up more than +7% after reporting Q1 adjusted EPS above consensus.
On the negative sid... Read more
Mastering your financial journey into retirement
Due Inc. - 10 minutes ago
Retirement is a significant milestone in one’s life, marking the end of a long journey of work and the beginning of a new phase of relaxation and leisure. However, the transition to retirement is not...
Stock market today: Wall Street holds steady after its 3-day winning streak
AP - 12 minutes ago
U.S. stocks are holding relatively steady as trading on Wall Street calms following some sharp recent swings
Deadline for businesses to apply for their share of massive credit card company settlement looms
AP - 16 minutes ago
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard
After Blowout Earnings, This Dividend Stock Still Looks Cheap
Barchart - 17 minutes ago
Despite its remarkable post-earnings rally, here's a dividend stock that still carries a bargain tag.
Apple Launches Larger Mid-Priced iPad Air with M2 Chip, Aims for AI Expansion
Quiver Quantitative, Inc. - 23 minutes ago
Apple (AAPL) has introduced a new, larger version of its mid-priced iPad Air at a virtual event on Tuesday, offering a 13-inch model priced at $800 alongside the existing 11-inch variant priced at $600....
OpenAI Launches DALL-E 3 Image Detection Tool Amid Rising Election Concerns
Quiver Quantitative, Inc. - 23 minutes ago
OpenAI, the Microsoft (MSFT)-backed startup behind the ChatGPT phenomenon, is launching a new tool designed to detect images created by its DALL-E 3 text-to-image generator. This initiative comes amid...
Sectors sorted by Daily Weighted Alpha Change
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