Stock Market News Today

stock market news today

The Nasdaq was the worst performer for the day, down about 0.9%, and for the week, losing more than 5%. Stocks tumbled on Friday, deepening a sell-off across U.S. equity markets that led to a sizable weekly loss for all three EA stock price today major averages. Shares plunged 10.3% on Tuesday as a broader sell-off in markets ensued. A profit warning by FedEx is pulling down shares of shipping companies. Packaging Corporation of America declined more than 5%.

The forecast is for a year-over-year increase of 8.8% for overall producer prices and 7.1% over the past 12 months for core PPI, which excludes food and energy costs. As stocks settle after the trading day, levels might still change slightly. I understand that 2022 has been a bad year DotBig for most investors. We’ve seen some decent rallies, but then a day like this past Tuesday comes along – the worst day in more than two years – and some of thos… Wall Street strategists are torn on whether the stock market is about to crash or soar 20% ahead of next week’s Fed m…

Stocks Close Lower On Friday, Extending Sell Off For Worst Week Since June For S&p 500 And Nasdaq

Analysts and traders say wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild low stocks of diesel and heating oil. FedEx issued a profit warning Thursday, withdrawing guidance for fiscal 2023 and said it expects business conditions to further weaken in the current quarter. The University of Michigan’s monthly index of consumer sentiment rose 1.3 points to 59.5 DotBig from 58.2 in August. Chicago and New York City are most at risk to a potential downturn in the housing market, according to real estate data curator ATTOM. The market has grown increasingly nervous that the Fed will raise rates faster and higher than expected to get inflation under control. Stocks had been on a four-day winning streak prior to Tuesday’s plunge. One strategist suggested that there could be more market pain ahead.

stock market news today

Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Already, the Fed has raised rates by a historic half point and then twice by three quarters of a point. Now a full point is on the table for this month , and the market fears the Fed may have to keep raising rates by historic amounts until it slows price gains — with hiring, the stock market and the economy as collateral damage.

Stocks Close Lower On Friday, Nasdaq Sheds More Than 5% For The Week

The markets struggled across the board this week, but not all stocks were hit equally. Alibaba Group Holding Limited stock is trending on the Yahoo Finance Platform.

  • Nucor, Eastman Chemical and International Paper rounded out the top five worst week over week performers within the index, with each posting losses of around 16%.
  • Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies.
  • FedEx’s announcement comes soon after a hotter-than-expected inflation report in the U.S. on Tuesday, which raised concerns that the Federal Reserve will be forced to cause a recession to cool prices.
  • Oil prices advanced on Friday but were still set for a third straight week of declines as macroeconomic concerns weigh.
  • Over the next few weeks, market action will be all about the Fed and the macro environment, but second quarter earnings season is quickly approaching.

Agriculture company Corteva was the S&P 500 leader, gaining 2% following news of a stock buyback. Fertilizer stocks CF Industries and Mosaic and chemicals company Albemarle were higher too.

Stocks Tumble In Worst Day Since June 2020

Investors are incredibly anxious about inflation, which refuses to go away. The Dow plummeted more than 1,050 points, or 3.3%, in late afternoon trading Tuesday. The S&P 500 and Nasdaq fared even worse, tumbling 3.6% and 4.5% respectively.

Us Stocks Extend Inflation

Analyst Emmanuel Rosner upped his price target on Tesla to $400 from $375 a share, citing the Inflation Reduction Act’s battery production credits and elevated production at its Texas and Berlin facilities. The 10-year Treasury saw milder moves, deepening the inversion of the yield curve. The Dow Transports’ performance is particularly notable because the index is deemed a leading indicator for the economy’s trajectory.

If Inflation Can’t Be Resolved Without A Recession, Downside Could Be ‘substantial,’ Goldman Says

“After the marked improvement in sentiment in August, consumers showed signs of uncertainty over the trajectory of the economy,” researchers said. The announcement raised investors’ concerns about inflation and interest rates. All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&P 500 closing below 3,900, a closely watched support level.

Asian Markets

Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies. FedEx shares fell over 20% Friday, driving the drop as investors take the company’s negative profit outlook Thursday as a sign of a slowing economy. Oaktree Capital Portfolio Manager Danielle Poli joins Yahoo Finance Live to discuss where to find opportunity in the credit market and how Fed rate hikes may impact it.

Home Depot, Honeywell and Microsoft followed, all falling around around 8% this week. However, Goldman Sachs still sees a "soft landing" as a possibility, and Goldman’s Chris Hussey wrote on Friday that the economy hasn’t stagnated just yet, even after negative readings for GDP to start the year. Newsroom articles are published by leading news agencies.

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