Stock Market Overview
Fri, Apr 19th, 2024
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Broader Market Retreats on Middle East Strife and Tech Stock Weakness
Barchart - Fri Apr 19, 3:34PM CDT
The S&P 500 Index ($SPX) (SPY) Friday closed down -0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.05%.
US stock indexes settled mixed on Friday, with the S&P 500 falling to a 1-3/4 month low and the Nasdaq 100 dropping to a 3-month low. A sell-off in the “Magnificent Seven” megacap technology stocks Friday weighed on the overall market as investors liquidated long positions ahead of next week’s slew of megacap earnings reports.
Negative corporate news and escalating geopolitical risks on Friday also undercut stocks. Super Micro Computer closed down more than -23% on earnings concerns after the company announced the date of its Q3 results but didn’t pre-announce results. Also, Netflix closed down more than -9% after forecasting Q2 revenue below consensus. In addition, Jabil closed down more than -8% after CEO Wilson was placed on paid leave pending the completion of an investigation relate... Read more
Tennessee Volkswagen workers vote on union membership in test of UAW's plan to expand its ranks
AP - 24 minutes ago
The United Auto Workers’ ambitious drive to expand its reach to nonunion factories across the South and elsewhere faces a key test Friday night as workers at a Tennessee Volkswagen finish voting on whether...
Dividend Newcomers: Discover 3 Companies Starting To Share the Wealth
Barchart - 35 minutes ago
Discover the potential of newly initiated dividends—start building your wealth with tomorrow's top dividend payers today!
Apple’s stock: a potential meltdown
Due Inc. - 56 minutes ago
Apple Inc., the world’s second-largest company, is teetering on the edge of a financial precipice. The company’s stock, long considered a bellwether in the market, is flashing warning signs of a significant...
Understanding fear and courage’s symbiosis
Due Inc. - 56 minutes ago
In personal growth and self-improvement, two concepts often take center stage: fear and courage. These two elements are intricately woven together, influencing our actions, decisions, and, ultimately,...
Paramount stock prices soar as Sony joint buyout edges closer
Due Inc. - 56 minutes ago
Paramount, the globally recognized name in film and TV, watched stock prices rise as Apollo Global Management and Sony Entertainment buyout moved closer. The stock jumped as much as 15% amid the clamor...
Embracing resilience in life’s journey
Due Inc. - 56 minutes ago
Life is a journey filled with ups and downs, twists and turns. We often encounter obstacles that test our strength and resilience along the way. These physical, emotional, or psychological challenges can...
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