Stock Market Overview
Fri, Sep 20th, 2024
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Stocks Slip on Higher Bond Yields and Chip Stock Weakness
Barchart - 1 hour ago
The S&P 500 Index ($SPX) (SPY) today is down by -0.33%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.48%.
Stocks today are moderately lower, giving back some of Thursday’s sharp gains. Higher bond yields today are also dragging interest-rate-sensitive chip stocks lower. Stocks are also under pressure today from some negative corporate news. FedEx is down more than -15% after reporting Q1 adjusted EPS well below the consensus and cutting its 2025 adjusted EPS forecast. Lennar is down more than -4% after reporting weaker-than-expected Q3 net new orders. A +6% jump in Nike today limits losses in the Dow Jones Industrials.
Market volatility today may be higher than usual due to the quarterly episode known as “triple witching,” when derivatives contracts tied to stocks, index options, and futures expire, potentially amplifying market moves. According to analytical firm Asym 500, about $5.1 trillion... Read more
Mettler-Toledo International Stock: Is MTD Underperforming the Healthcare Sector?
Barchart - 5 minutes ago
Mettler-Toledo International underperformed the broader healthcare sector, and Wall Street analysts remain cautious about the stock’s prospects.
Macy's to Expand Workforce With 31,500 Seasonal Hires for Holidays
Zacks Investment Research - 10 minutes ago
Macy’s, Inc. M has announced plans to hire more than 31,500 full and part-time seasonal employees for the upcoming holiday season. These positions will support operations at Macy’s, Bloomingdale’s...
Rise in Customized Financing Aids Hercules Capital Amid Cost Woes
Zacks Investment Research - 10 minutes ago
Hercules Capital, Inc. HTGC is well-positioned for top-line growth, supported by the growing demand for customized financing on the back of rate cuts. However, as the company continues to undertake efforts...
FactSet Q4 Earnings & Revenues Beat Estimates, Increases Y/Y
Zacks Investment Research - 10 minutes ago
FactSet Research Systems, Inc. FDS has reported impressive fourth-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate.FDS’s earnings per share (excluding $1.4...
Is Dollar General Stock Underperforming the Nasdaq?
Barchart - 12 minutes ago
Dollar General has recently underperformed in the Nasdaq, but Wall Street analysts are moderately bullish about the stock’s prospects.
Is CDW Stock Underperforming the Dow?
Barchart - 15 minutes ago
CDW recently underperformed the Dow, but Wall Street analysts are moderately bullish about the stock’s prospects.
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