U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon and other megacap growth companies.
U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon and other megacap growth companies.
Consumer stocks were falling late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.7%.
U.S. stocks tumbled and Treasury yields bounced on Friday as falling chipmakers and auto stocks outweighed a string of robust economic data, providing a downbeat ending to a tumultuous week.
U.S. stocks tumbled on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon and other megacap growth companies.
Consumer stocks were lower Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.4%.
The United Auto Workers went on strike at midnight Friday. It is the first time the UAW has simultaneously walked out at all three of Detroit’s big automakers. The unusual options activity for the three automaker’s stocks suggests investors don’t care. That may change.
The Nasdaq fell more than 1% on Friday to lead declines in Wall Street's main indexes as chipmakers fell on concerns over consumer demand, while rising Treasury yields pressured major growth stocks.
Wall Street dipped and Treasury yields bounced on Friday as chipmakers and auto stocks outweighed a string of robust economic data, providing a downbeat ending to a generally upbeat week.
Car manufacturing makes up a much smaller percentage of the U.S. economy today than it did a few decades ago but even so, there has to be an impact when thousands of workers withhold their labor. So, should investors be worried?
The big news this morning is the autoworkers strike triggered last night at midnight, when the United Autoworkers Union (UAW) could not agree to new contract terms with the “Detroit 3” automakers, Ford F, General Motors GM and Ste
Nasdaq led Wall Street lower on Friday as shares of chip-equipment makers fell after the world's top semiconductor firm, TSMC, asked its vendors to delay chip equipment deliveries, while rising Treasury yields pressured major megacap stocks.
The big news this morning is the autoworkers strike triggered last night at midnight, when the United Autoworkers Union (UAW) could not agree to new contract terms with the “Detroit 3” automakers, Ford F, General Motors GM and Ste
Production at U.S. factories barely rose in August as motor vehicle output dropped and activity could plunge in the months ahead after the United Auto Workers (UAW) union embarked on strikes at three factories on Friday.
Wall Street's main indexes opened lower on Friday as shares of Ford and General Motors as well as chip-equipment makers fell, though optimism over a likely pause in U.S. interest-rate hikes supported investor sentiment.
Wall Street's main indexes were set to open subdued on Friday as shares of Ford and General Motors as well as chip-equipment makers fell, though optimism over a likely pause in U.S. interest-rate hikes supported investor sentiment.
The contract between United Auto Workers (UAW) and Detroit Three automakers—General Motors GM, Ford F and Stellantis STLA— expired yesterday at midnight. Despite the automakers making unprecedented wage hike offers, negotiations h
Ford Motor Company (F) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.28% this morning as investors watched for fallout from a strike initiated by the United Auto Workers union, with the focus now shifting to the Federal Reserve’s interest-rate decision scheduled for next week.