U.S. stocks ended lower on Thursday, with shares of Tesla down sharply and Treasury yields surging after Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether rates would stay higher for longer.
Consumer stocks fell late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2.7%.
Oscar winner George Clooney and other top Hollywood stars have offered $150 million to the SAG-AFTRA actors union as part of a proposal to end the actors' strike as it nears its 100th day.
U.S. stocks fell on Thursday, with Tesla down sharply, and afternoon trading was volatile as investors weighed comments from Federal Reserve Chair Jerome Powell and tried to determine whether the central bank would keep interest rates higher for longer.
The best performing sector as of midday Thursday is the Energy sector, not showing much of a loss. Within that group, Marathon Oil Corp. (Symbol: MRO) and Hess Corp (Symbol: HES) are two large stocks leading the way, showing a gain of 1.6% and 1.1%, respectively. Among energy
Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2%.
The iShares S&P 100 ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.9 million shares traded versus three month average volume of about 181,000. Shares of OEF were up about 0.4% on the day.
Components of that ETF with the highest volume on Thu
In trading on Thursday, entertainment shares were relative leaders, up on the day by about 0.6%. Leading the group were shares of Netflix, up about 15.1% and shares of Lions Gate Entertainment up about 4.9% on the day.
Also showing relative strength are banking & savings s
Wall Street's main indexes rose on Thursday after Federal Reserve Chair Jerome Powell said the U.S. central bank would be "proceeding carefully" on further interest rate hikes.
Netflix stock is up sharply today after the streaming giant posted strong Q3 earnings, with subscriber stats particularly looking impressive. But is NFLX a good stock to buy right now?
Netflix NFLX reported third-quarter 2023 earnings of $3.73 per share, which beat the Zacks Consensus Estimate by 7.8% and increased 20.3% year over year.Revenues of $8.54 billion increased 7.8% year over year and beat the consensu
Shares of streaming-video service Netflix (NASDAQ: NFLX) jumped on Thursday after the company reported financial results for the third quarter of 2023. Investors seem to be cheering how many new subscribers joined the platform over the last three months in light of recent changes
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. Stocks this morning are mixed. The broader market is...
The quarterly cycle has picked up notable steam this week, with a flurry of quarterly reports scheduled to come. The big banks helped kick off the period positively, with investors optimistic that this momentum can continue.
Wall Street struggled for gains and benchmark U.S. Treasuries reached a new 16-year high as market participants looked ahead to U.S. Federal Reserve Chairman Jerome Powell's impending remarks against a backdrop of solid earnings, mixed economic data and simmering geopolitical tensions.
Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is down -0.34%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.44%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.14%. Stock index futures this morning are moderately...
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.2%. Year to date, Netflix registers a 36.4% gain.
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the S&P 500 index, trading up 15.8%. Year to date, Netflix registers a 36.0% gain.
Netflix NFLX reported solid third-quarter 2023 results after the closing bell on Wednesday. The world's largest video-streaming company topped both earnings and revenue estimates. It posted its best quarter in terms of subscriber
Stocks have been struggling for direction, getting pulled downward by fears about the economy and then seeing big jumps when investors get a little less pessimistic. Thursday appeared to be a somewhat more upbeat day, as markets opened slightly higher, defying early declines in s