Stocks Grow on Hopes for an End to Fed Rate Hikes
Investors are betting the Fed is done in hiking rates in 2023. Johnson & Johnson (JNJ) slumps as investors are concerned about litigation.
Daily Market Wrap
Stocks Rally after Fed Decision
Stocks rallied on Wednesday as rates kept unchanged. Lockheed Martin (LMT) jumps as Israel-Hamas War drives demand for defense.
Stocks Close Mixed, Slips Into Correction Territory
Stocks closed mixed on Friday as the market entered a correction. UnitedHealth (UNH) delivered healthy results to keep momentum.
Stocks Fall Further Under the Weight of Disappointing Earnings
Stocks tumbled on Thursday as investors watch earnings and yields. Domino’s (DPZ) posts mixed results as profits surge, revenue declines.
Stocks Plunge After Mixed Reports from Microsoft and Google
The stock market is in a correction, yet top tech stocks reported strong results. Nike (NKE) is growing slowly due to soft retail spending.
Stocks Notch Gains on Earnings from Blue Chip Stocks
Stocks grew on Tuesday due to strong earnings results. FinTech Fiserv (FISV) sees further growth opportunity in Latin America.
Stocks Close Mixed as Yields Retreat from 5%
Stocks closed mixed on Monday as Treasury yield fell to 4.85%. RH (RH) continues to suffer as mortgage rates reach 20-year highs.
Stocks Plunge as Treasury Yields Continue to Hover Around 5%
Stocks tumbled on Friday, as the 10-year Treasury yield crossed 5%. Israeli Medical Device Maker InMode (INMD) warns on profits.
Stocks End Lower as Bond Yields Near 5%
Stocks fell on Thursday as yields settled at 4.987%. PepsiCo (PEP) believes impact of weight-reducing drugs has been negligible.
Stocks Drop as Treasury Yields Climb to 16-Year High
Stocks sank and bond yields hit a fresh 16-year high on Wednesday. Accenture (ACN) benefits from accelerating demand for Generative AI.
Stocks Close Mixed After Hot Retail Sales Report
Stocks finished mixed on Tuesday as retail sales data broke estimates. Wingstop (WING) sees deliveries rising to more than 50% of sales.
Stocks Rise To Start Big Earnings Week
Stocks grew on Monday as earnings overshadows higher yields. Bill.com’s (BILL) partnership with Bank of America ensures relevance.