Stock market

The STI finished sharply lower on Thursday following losses from the financial shares, property stocks and industrial issues. For the day, the index tumbled ...

(RTTNews) - The Singapore stock market has finished lower in seven straight sessions, sinking more than 190 points or 4.7 percent along the way. The global forecast is murky amidst uncertainties about interest rates and economic growth. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. - Is Terra (LUNA) on the Verge of Collapsing? Crude oil futures ended modestly higher on Thursday as the European Union's proposal to ban Russian oil offset concerns of prolonged Covid-19 lockdowns in China. West Texas Intermediate Crude oil futures for June ended higher by $0.42 or 0.4 percent at $106.13 a barrel. The Dow dropped 103.81 points or 0.33 percent to finish at 31,730.30, while the NASDAQ rose 6.73 points or 0.06 percent to close at 11,370.96 and the S&P 500 fell 5.10 points or 0.13 percent to end at 3,930.08. The lead from Wall Street offers little clarity as the major averages opened lower on Thursday and spent much of the day bouncing back and forth across the unchanged line before finally ending mixed and little moved. The European markets were down and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The volatility on Wall Street came as traders continued to debate whether the markets have hit their bottom, with the major averages falling to their worst levels in over a year. For the day, the index tumbled 60.89 points or 1.89 percent to finish at the daily low of 3,165.18 after peaking at 3,216.73. Volume was 2.09 billion shares worth 1.99 billion Singapore dollars. The STI finished sharply lower on Thursday following losses from the financial shares, property stocks and industrial issues. The Straits Times Index now rests just above the 3,165-point plateau and it's overdue for support on Friday.

The stock market dipped Thursday as wholesale inflation rose and Disney took an earnings hit. Retailers led gainers.

Shell agreed to sell its Russian retail-station and lubricants business to oil giant Lukoil PJSC. Shell is the latest Western company to find a local buyer for its planned Russia exit. Oil giant Shell ( SHEL) fell 1.6% despite higher oil prices and the fact that the company found a buyer for its Russian assets. In the Dow, Disney gapped down 1.4% to a two-year low after the company missed earnings and sales estimates for its March quarter. Crude oil prices rose another 1.4% to $107 a barrel as Russia's presence in Ukraine turns into a long-term war. Walgreens Boots Alliance ( WBA) said it sold 6 million shares of AmerisourceBergen at $150 each, reducing its stake from 28.1% to 25.2%. That was well above FactSet estimates for $6.74. Net sales came in at $1.61 billion, a 21% gain from a year ago and above forecasts for $1.545 billion. Wholesale inflation rose 11% in April from a year ago, hotter than the 10.7% estimate. Meanwhile, the Senate is scheduled to vote to confirm Federal Reserve Chairman Jerome Powell to a second four-year term Thursday afternoon. Investors could use 344.17 as an early entry from a handle that's too low in the consolidation to be proper. According to Dow Jones Market Data, the composite plummeted 30.1% in the Covid crash. DDS was rebounding from the 50-day line. Walt Disney ( DIS) took a hit after it reported earnings.

Stocks are extending recent declines. Wednesday capped the worst five-day stretch for Dow industrials since mid-2020.

The stock market rallied late Thursday to blot out most of its losses. Investors continued to fret about the impact of inflation and the Federal Reserve’s tighter monetary policy on the economy. The Dow Is Falling, Bitcoin Is Cracking—and What Else Is Happening in the Stock Market Today

Futures tied to the Dow Jones Industrial Average shed 9 points, or less than 0.1%. S&P 500 futures and Nasdaq-100 futures were marginally higher. On Wednesday, ...

The stock market has been slumping for months, starting with high-growth unprofitable tech stocks late last year and spreading to even companies with healthy cash flows stocks in recent weeks. But, at the end of the day, there really hasn't been a capitulation day," said Andrew Smith, chief investment strategist at Delos Capital Advisors. The S&P closed down more than 18% from its all-time high, and will be in an official bear market if that loss deepens to 20%. The Dow has declined for six straight trading sessions.

The Bureau of Labor Statistics said Thursday that the producer price index (PPI) roared ahead by another 11% year-over-year last month – only a hair slower than ...

Between actively managed, index and target-date retirement products, Vanguard accounts for roughly a third of the 100 most popular funds found in 401(k) plans. "Product innovation and international expansion for Bumble will be the main company-specific drivers of 2022, and we continue to like the broader online dating space as COVID eases and singles look to connect in person again more," says BMO Research analyst Daniel Salmon, who has an Outperform (Buy) rating on BMBL. Still, shares of GME and AMC have had a terrible overall run so far in 2022, down about 40% and 60%, respectively, for the year-to-date. And Vanguard funds are among the better ways you can do that. Indeed, anyone participating in a 401(k) program is already investing at regular intervals. 41 cents per share on $1.42 billion est.) and said COVID-related lockdowns in China – which have weighed on demand for its products – will likely be lifted next month. Additionally, the good news is, a year off the correction lows, stocks have been higher 22 out of 24 times with an average gain of 23.0%." - Bumble (BMBL) soared 26.8% after the online dating app said paying users jumped 7.2% in its first quarter. A day after Wall Street was told consumer prices continued to rise at an uncomfortably rapid rate in April, it learned the same about producer prices. The Dow Jones Industrial Average also headed lower, by 0.3% to 31,730, while the Nasdaq Composite scratched out a marginal gain to 11,370. - Tapestry (TPR) shot up 15.5% after the Kate Spade parent reported fiscal third-quarter earnings and revenue above Wall Street's estimates (51 cents per share on $1.44 billion actual vs. Just about everything is starting to get swept up into this market downturn.

The meltdown of 2022 has wiped out more than US$7 trillion in market value from the blue chip stocks in the S&P 500. The index is down more than 18 per cent ...

The meltdown of 2022 has wiped out more than US$7 trillion in market value from the blue chip stocks in the S&P 500. The CNN Business Fear & Greed Index, which measures seven indicators of market sentiment, is now well into Extreme Fear territory. According to data from research firm Bespoke Investment Group, the Nasdaq has plummeted more than 20% in the past 30 trading days. When sentiment is seemingly at its lowest, that might be time to finally start buying again. The Nasdaq has plunged 28% this year, putting it deep into bear market territory. Still, there are hopes that a bottom may soon be in sight.

The latest bull market for U.S. stocks remains on the brink of expiring, with the benchmark S&P 500 just shy of the threshold that marks bear territory.

The S&P 500 ended its last bull market on March 12, 2020, as the outbreak of the COVID-19 pandemic sent stocks tumbling. The S&P 500 entered correction territory — a fall of 10% from a recent peak — last month, its second such foray this year. The S&P 500 SPX, -0.13%finished 0.1% lower at 3,930.08 on Wednesday, after falling as far as 3,858.87 at its session low. While the annual pace of inflation slowed to 8.3% from 8.5% in March, it was still hotter than the 8.1% reading expected by economists. The bottom of the pandemic-inspired bear market came on March 23, 2020, with the S&P 500 marking a 33.9% fall from its bull market peak on Feb. 19, 2020. The latest bull market for U.S. stocks remains on the brink of expiring, with the benchmark S&P 500 just shy of the threshold that marks bear territory.

U.S. stock futures opened lower Thursday evening, with the major indexes heading for weekly losses as concerns over persistent inflation and the resilience ...

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