Nasdaq

The Dow Jones Industrial Average DJIA, -3.12% skidded 1,063.09 points, or 3.1%, ending at 32,997.97, its worst daily percentage drop since Oct. 28, 2020, ...

When in reality, the Fed is going to do what it has to do to get inflation down,” said Michael Reynolds, vice president of investment strategy at Glenmede, by phone. U.S. productivity fell at a 7.5% annual rate in the first quarter, the biggest drop since 1947. Unit-labor costs jumped at an 11.6% annual pace in the first quarter. “It’s conceivable the S&P 500 needs to establish a bottom in this 3,850 to 4,000 range,” said John Lynch, chief investment officer for Comerica Wealth Management, in emailed comments. U.S. Treasury yields jumped Thursday, with the rate on the 10-year note TMUBMUSD10Y, 3.068%rise to 3.066%, its highest since Nov. 2018. Engelke attributed the sharp selloff to fears that Powell might have been too dovish on the short-term pace of rate hikes over the next few months. -14.91%reported a loss in the first quarterand announced the acquisition of Deliver Inc. in a deal valued at $2.1 billion. “We are still not out of the woods yet, as there is still too much uncertainty over how the Federal Reserve’s actions will tame inflation without causing a recession,” said Zach Stein, chief investment officer at the Carbon Collective, an investment advisor based in Berkeley, Calif., in emailed comments. “The fear is the Fed is falling behind on inflation pressures, and will be more draconian in the future.” Signs of panic selling on Wall Street set in Thursday, a day after a rally was sparked when Fed Chairman Jerome said the central bank wasn’t likely to hike its benchmark interest rate by 75 basis points at its next meeting. - The S&P 500SPX,dropped 153.30 points, or 3.6%, to finish at 4,146.87. - The Dow Jones Industrial AverageDJIA,skidded 1,063.09 points, or 3.1%, ending at 32,997.97, its worst daily percentage drop since Oct. 28, 2020, according to Dow Jones Market Data.

The Dow Jones Industrial Average lost 1,120 points, or 3.3 percent. The S&P 500 and Nasdaq Composite fell 3.7 percent and 5.2 percent, respectively. The moves ...

Shopify fell more than 17 percent after missing estimates on the top and bottom lines. I don’t think that is going to be tightening so much so that we’re going slow down the economy. The Treasury market also saw a dramatic reversal of Wednesday’s rally. ... But having the kind of day we had yesterday and then seeing it 100 percent reversed within half a day is just truly extraordinary,” said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. “Higher equity valuations are incompatible with that desire, so unless supply chains heal rapidly or workers flood back into the labor force, any equity rallies are likely on borrowed time as Fed messaging becomes more hawkish once again.” So we are going to be tightening a bit. The 10-year Treasury yield, which moves opposite of price, surged back above 3 percent on Thursday and hit its highest level since 2018. The Nasdaq Composite jumped 3.19 percent. The Dow Jones Industrial Average lost 1,120 points, or 3.3 percent. Salesforce tumbled 6.3 percent. Microsoft dropped 4.7 percent. The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81 percent, and the S&P 500 gained 2.99 percent for their biggest gains since 2020.

However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings ...

The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates. However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates. However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting. The selloff hit all areas of the market, as traders headed for the exits. The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting. The selloff hit all areas of the market, as traders headed for the exits.

Renewed skepticism about Federal Reserve policy and a string of foreboding earnings reports from online retailers put the major U.S. equity indices into ...

The US central bank on Wednesday raised interest rates by half a percentage point but Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points ...

Declining issues outnumbered advancers for a 9.34-to-1 ratio on the NYSE and for a 6.18-to-1 ratio on the Nasdaq.The S&P index recorded two new 52-week highs and 40 new lows, while the Nasdaq recorded 20 new highs and 267 new lows. "It's very much a public situation where everyone is seeing the pain of the Fed taking away the punchbowl play out on a daily basis." The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected but Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting. Traders, however, on Thursday raised their bets on a 75 basis point hike at the Fed's June meeting. Only 13 constituents of the S&P 500 index were in the green by 12 p.m. ET, while the Nasdaq was on track for its biggest one-day percentage fall since September 2020. Wall Street's main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve's less hawkish tone failed to ease investors' expectations of bigger interest rate hikes this year to tame surging inflation.

South Korea's Major Feedmill Group (MFG) has issued an international tender to purchase up to 140000 tonnes of animal feed corn, European traders said on ...

The corn is sought in two consignments of up to 70,000 tonnes for arrival in South Korea around Aug. 10 and Aug. 20. HAMBURG, May 6 (Reuters) - South Korea's Major Feedmill Group (MFG) has issued an international tender to purchase up to 140,000 tonnes of animal feed corn, European traders said on Friday. South Korea’s MFG tenders for up to 140,000 tonnes corn - traders

Wall Street stocks suffered bruising losses Thursday in a broad-based sell-off prompted by unease over shifting monetary policy and rising economic risks ...

An exception to the sea of red to was Booking, which rose 3.3 per cent as it offered a heady outlook on the summer travel season. The broad-based S&P 500 slid 3.6 per cent to 4,146.87, while the tech-rich Nasdaq Composite Index tumbled 5.0 per cent to 12,317.69. All 11 sectors of the S&P 500 were in the red, with several of the biggest US corporations experiencing hefty pullbacks.

Stocks plummeted Thursday as Wall Street reversed from a torrid post-rate hike rally into its worst day of losses this year. The Dow Jones Industrial ...

We invite you to join the discussion on Facebook and Twitter. Powell added that with record demand for labor, 1.7 million jobs added in 2022 so far and steady consumer spending, the U.S. economy was well equipped to handle the headwinds. “For what it’s worth, we believe the risk of recession is elevated and should not be dismissed. “When the Fed raises rates quickly it is dangerous to the stock market and today we are seeing an example of that,” he continued. Even so, there are growing concerns among policymakers and economists about whether the Fed will be able to do so amid several threats to the U.S. economy. Fed rate hike cycles often take a toll on the stock market as companies brace for higher borrowing costs and slower consumer spending.

WALL Street stocks suffered bruising losses on Thursday in a broad-based sell-off prompted by unease over shifting monetary policy and rising economic risks ...

U.S. stock futures turned positive and then negative again following strong jobs data Friday.

Block (SQ) surged 5% in the premarket, despite both profit and revenue missing analyst estimates. DoorDash (DASH) posted a wider-than-expected quarterly loss, but the food delivery service's revenue exceeded analyst estimates with total orders topping the 400 million mark for the first time. DraftKings (DKNG) rallied 9.8% in premarket action following its quarterly results. (Reuters) Live Nation added 2.2% in the premarket. (CNBC) Bausch Health Cos., the parent company, raised $630 million in the offering. The J&J's vaccine is one of the three cleared for use in the United States. The FDA said Thursday the J&J shot can be administered in cases where Pfizer or Moderna Covid vaccines are not accessible or if an individual doesn't want to get the other shots. The FDA has decided to limit the use of Johnson & Johnson's Covid vaccine for adults due to the risk of a rare blood clotting syndrome. Average hourly earnings in April rose a slightly less-than-expected 0.3% month over month and matched estimates with a 5.5% year over year gain. The S&P 500 fell nearly 3.6% for its second worst day of the year. Rising bond yields Thursday sparked a stock market plunge that wiped out the prior day's strong Federal Reserve relief rally and then some.

A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility.

Prices for oil and many other commodities remain sky high, partially as a result of repercussions from the war in Ukraine. Markets remain focused on inflation, with key U.S. consumer price data coming next week. “The bond market had started to factor in inflation and central bank policy earlier and maybe more effectively than the equity market," said Brooks Ritchey, co-chief investment officer at K2 Advisors, pointing to macro hedge funds as those playing this theme. Wednesday’s rally came after Fed Chair Jerome Powell announced a widely expected 50 basis point interest rate increase and said policymakers were not discussing larger hikes. "It's pretty awful in the equity markets," said Brenner, saying that the selling was a response to Powell's remarks, as investors viewed him even more "behind the curve" in raising rates. The Nasdaq .IXIC plummeted 5%. Over the last five sessions, the index has marked two of its biggest one-day drops since the pandemic roiled markets two years ago, leaving the benchmark index down 13% so far in 2022.

The stock market lost ground again on Friday, adding to Thursday's massive slide.

Stocks are closed sharply lower on Wall Street as worries grow in markets that the higher interest rates the Federal Reserve is using in its fight against ...

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During the past week, the Federal Reserve raised interest rates by 0.5% and warned again of "much too high" inflation, which rattled markets.

On Wednesday, the Federal Reserve raised interest rates by 0.5% and warned again of " much too high" inflation, which rattled markets. In October and November of 2012, the Nasdaq dropped for six straight weeks. Bill.com slumped 28% after reporting slowing revenue growth, Cloudflare fell 24% after forecasting a possible loss in the current quarter and Confluent declined 23% after growth underperformed expectations. The Nasdaq Composite peaked on Nov. 19 at 16,057.44, and it has lost nearly a quarter of its value since then. - On Wednesday, the Federal Reserve raised interest rates by 0.5% and warned again of "much too high" inflation, which rattled markets. - The tech-heavy index peaked on Nov. 19 at 16,057.44, and it has lost nearly a quarter of its value since then.