Both companies’ stocks are up roughly 3% in premarket trading. 6:13 p.m. 0:08:19, June 7, 2019 Finally, some market relief From CNN Business' Julia Horowitz US stock futures point to another day of gains on optimism that central banks are preparing for more easing. The Dow is ...
They have also driven the lion’s share of the market’s rally this year, although that run has widened in recent weeks to include a more diverse basket of stocks. The huge gains mean that these big tech stocks have become bloated in some indexes, which are often weighted by market cap...
The US economy isn’t out of the woods yet, but it’s doing a lot better than many forecasters thought it would.
US stock futuresaremixed. Earnings:Tailored Brands (TLRD) will report after the close. Stocks in Asiastruggled to find direction European marketsopened mostly higher. The British poundjumped 0.5% higher against the dollaras investors found reasons to believe the risk of the UK leaving the EU with...
That in turn could make the Federal Reserve rethink its recent action to take the foot off the gas for further interest rate hikes. And rising interest rates typically weigh on stocks. One could argue, details are telling us GDP data is mixed. Ok, but the U.S. just expanded 3.2% while...
Shares are flat in premarket trading. Here’s more from CNN Business’ Paul R. La Monica: Lennar CEO added that results were strong "in spite of somewhat softer market conditions." It will be interesting to see what happens to home sales for $LEN and other builders going forward if ...
US stocks are starting the week in a hole. The Dow fell 175 points, or 0.7%, at Tuesday’s opening bell on concerns about China’s economic slowdown. The S&P 500 declined 0.6%. The Nasdaq lost 0.7%. The weak start erases a slice of last week’s surge, which was Wall Street’s...
US stocks are starting the week in a hole. The Dow fell 175 points, or 0.7%, at Tuesday’s opening bell on concerns about China’s economic slowdown. The S&P 500 declined 0.6%. The Nasdaq lost 0.7%. The weak start erases a slice of last week’s surge, which was Wall Street’s...
The Fed has a dual mandate: Keep prices stable and unemployment levels low. The central bank began hiking interest rates in 2022 to tame wayward inflation and has held them steady at the current 23-year high since last July. Thursday’s data, coupled with a cooling but resilient labor mar...
Shares are up 4% in premarket trading. Airbnb said the impact of Omicron on bookings and cancellations was lower than the company experienced when the Delta variant hit last summer. It also said customers continue to book longer stays on the platform. Over the past two years, the average tr...