Stock Market Overview
Fri, Apr 26th, 2024
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Stocks Retreat as Persistent Inflation Dents Fed Rate-Cut Hopes
Barchart - Thu Apr 25, 3:47PM CDT
The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.46%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.55%.Â
US stock indexes Thursday closed moderately lower, led by weakness in technology stocks. Meta Platforms fell more than -10% after forecasting Q2 revenue below consensus and raising its full-year total expenses estimate. Also, IBM fell more than -8% after reporting lackluster Q1 revenue from its consulting division. In addition, Caterpillar closed down more than -6% after saying it expects sales for Q2 to be lower compared to last year.Â
Losses in stocks accelerated Thursday morning after bond yields jumped on signs of persistent inflation and labor market strength when Thursday’s US Q1 core PCE price index was revised higher and weekly jobless claims unexpectedly fell to a 2-month low, hawkish factors for Fed policy. Also, the larger-than-expected downward revision to US Q1 GDP and up... Read more
Exxon Mobil profit declines in 1st quarter as natural gas prices fall
AP - 15 minutes ago
Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
AP - 34 minutes ago
The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road
Buy the Dip: A 'Magnificent 7' Stock Morgan Stanley Recommends
Barchart - 50 minutes ago
Down about 15% from its 52-week highs, Morgan Stanley reckons the time is ripe to load up on Apple stock.
Colgate-Palmolive's (NYSE:CL) Q1 Sales Beat Estimates
StockStory - 1 hour ago
Colgate-Palmolive's (NYSE:CL) Q1 Sales Beat Estimates
How to Boost Your Company’s Equity in the Eyes of Consumers
Due Inc. - 1 hour ago
As a business leader or an entrepreneur, you need to know customers value your business. But value isn’t just about having a great product; it’s also about the intangible worth— or equity– of your...
Options Playbook: Exploring 3 Iron Condor Trade Ideas Amid Market Volatility
Barchart - 1 hour ago
With volatility on the increase, option premiums are elevated which could mean it’s a great time for iron condor trades.
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