Stock Market Overview
Fri, May 10th, 2024
Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
Stocks Shake off Mostly Negative News to Close Mildly Higher
Barchart - Fri May 10, 3:17PM CDT
The S&P 500 Index ($SPX) (SPY) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.26%.
US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results. Q1 earnings are expected to climb +6.5% y/y, well above the pre-earnings season estimate of +3.8%. According to data compiled by Bloomberg Intelligence, about 81% of reporting S&P 500 companies have beaten Q1 earnings estimates.
Stocks were undercut Friday by higher T-note yields and a disappointing consumer sentiment report that showed both weaker consumer sentiment and higher inflation expectations.
The University of Michigan’s preliminary-May US consumer sentiment index fell -9.8 points to a 6-month low of 67.4, which was weaker than market expectations for a -1.0 point decline to 76.2.
Also, US consumers’ inflation expectations rose. The University of Michigan’s May US 1-year inflation expectatio... Read more
Technology crushing human creativity? Apple's new iPad ad has struck a nerve online
AP - 1 hour ago
A newly released ad promoting Apple’s new iPad Pro has struck quite a nerve online
James Simons, mathematician, philanthropist and hedge fund founder, has died
AP - 1 hour ago
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86
3 Dividend Kings That Cut (Or Will Cut) Their Dividends
Barchart - Fri May 10, 6:00PM CDT
Dividend aristocracy isn't always a sure thing. Here are 3 companies that have been or will be booted from the coveted king's list.
2 Silver Mining Stocks to Buy While They're Cheap
Barchart - Fri May 10, 5:06PM CDT
Here are two low-priced silver mining stocks that analysts expect to rally from here.
Stock market today: Wall Street coasts to the finish line of another winning week
AP - Fri May 10, 4:40PM CDT
U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
Stocks Shake off Mostly Negative News to Close Mildly Higher
Barchart - Fri May 10, 3:17PM CDT
The S&P 500 Index ($SPX ) (SPY ) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.26%. US stocks on Friday gained support...
Sectors sorted by Daily Weighted Alpha Change
/Chip%20During%20Rush%20Hour.jpg)
