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 employees overwhelmingly vote to join United Auto Workers union
AP - 43 minutes ago
Employees at a Volkswagen factory in Chattanooga, Tennessee, have voted overwhelmingly in favor of joining the United Auto Workers union, boosting its nationwide effort to organize nonunion factories
Bitcoin's latest 'halving' has arrived. Here's what you need to know
AP - Fri Apr 19, 7:58PM CDT
The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again
Dividend Newcomers: Discover 3 Companies Starting To Share the Wealth
Barchart - Fri Apr 19, 6:00PM CDT
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. - Fri Apr 19, 5:38PM CDT
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. - Fri Apr 19, 5:38PM CDT
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. - Fri Apr 19, 5:38PM CDT
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...
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