Stock Market Overview
Wed, Apr 17th, 2024
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Stocks Post Moderate Losses as Chip Stocks Retreat
Barchart - Wed Apr 17, 3:36PM CDT
The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.12% and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.24%.
US stock indexes Wednesday gave up an early advance and turned lower, with the S&P 500 and Nasdaq 100 falling to 1-3/4 month lows and the Dow Jones Industrials falling to a 2-3/4 month low. A slump in chip stocks Wednesday weighed on the overall market after ASML Holding NV reported Q1 net sales below consensus.
Also, on the negative side for stocks, JB Hunt Transport Services closed down more than -8% after reporting Q1 EPS below consensus. Travelers also closed down more than -8% after reporting weaker-than-expected Q1 core EPS. Autodesk closed down more than -7% after saying it won’t file its annual report within the 15-day extension period as it continues investigating free cash flow and non-GAAP operating margin practices.
On the positive side, United Airlines Holdings close... Read more
Hugh Grant says he took 'enormous sum' to settle suit alleging illegal snooping by The Sun tabloid
AP - 26 minutes ago
Hugh Grant says he accepted “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop...
This Outperforming Dividend Aristocrat Could Rally Another 22%, Says Analyst
Barchart - 1 hour ago
With a track record of 30 years of dividend increases, this industrial stock is also delivering some outsized capital appreciation to shareholders lately.
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
AP - 1 hour ago
CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as shipments it handled shifted to a less-profitable mix
ASML Holds Steady Amidst Booking Slump, Boosted by Strong Sales in China
Quiver Quantitative, Inc. - Wed Apr 17, 5:22PM CDT
ASML (ASML), a pivotal player in the semiconductor industry, reported first-quarter earnings that spotlighted a significant drop in new bookings, although robust sales in China somewhat cushioned the blow....
Quiver Markets Wrap: S&P 4 Day Losing Streak
Quiver Quantitative, Inc. - Wed Apr 17, 5:06PM CDT
Wall Street's main indexes faltered, marking their longest slump since January as investors grappled with a mix of rising bond yields and a tech sector sell-off, primarily led by significant losses in...
Investors Seek Clarity on Tesla's Strategy Amidst Model 2 Uncertainty
Quiver Quantitative, Inc. - Wed Apr 17, 5:06PM CDT
As Tesla (TSLA) navigates a complex period marked by layoffs and uncertain strategic directions, Wall Street is eagerly anticipating clarity from CEO Elon Musk, especially concerning the mysterious fate...
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