Shares of Tesla Inc. pulled back Thursday, and those of other electric-vehicle makers also taking a hit, after Hertz Global Holdings Inc. boosted its EV-sales plan by 50%. After [soaring 12.1% on Wedn
All three major stock indexes fell Thursday after weaker-than-expected U.S. gross domestic product data revealed a spike in core inflation in the first quarter. The probability of a rate cut by September–seen as the most likely date by traders–fell to 59% early Friday,
U.S. stocks ended sharply lower on Thursday, after data showed that the U.S. economy expanded at a modest 1.6% annual pace in the first three months of 2024, marking the weakest reading in almost two years.
Another big earnings day strikes Wall Street with Alphabet and Microsoft reporting. Follow along for live stock news and updates on other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
U.S. stock futures climbed early Friday as investors digested positive earnings reports from Alphabet and Microsoft, while looking ahead to more key inflation data. Futures on the S&P 500 rose 0.8% in early trading,
Caterpillar Inc. shares are under pressure Thursday in the wake of the company's latest earnings report. The stock is off 6.5% in afternoon trading and on track for its worst day since Oct. 31, 2023,
The major market averages dropped on Thursday after softer Q1 GDP data arrived, and Nasdaq trailed the most after a disappointing outlook from Meta (META) rattled investors. Early on and the Nasdaq Composite (COMP:IND) was -1.
Loar Holdings Inc.'s stock received a warm welcome on Wall Street, on a rather cold day for the broader stock market. The New York-based aerospace and defense components maker said late Wednesday that
U.S. Treasury yields were slipping but remain at multi-month highs they reached on Thursday, following weaker-than-expected first-quarter GDP and a stronger-than-expected acceleration in core PCE inflation data.
Stocks are falling on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Meta Platforms,
Gold futures headed higher on Thursday, with prices looking to recoup some of the losses seen during their declines over the past three consecutive trading sessions. Gold pulled back from its earlier highs after data showed the core [PCE deflator rose 3.
To follow the latest developments from the GDP report, click here. The major U.S. indexes fell on Thursday, as investors found risks to the inflation outlook in the latest economic data. The Dow Jones Industrial Average fell 375 points,
Gross advised his followers to shun technology stocks and stick to value names. But if one must own tech, Microsoft Corp. would be best. He also advised against owning bonds, warning that the 10-year Treasury yield is likely headed toward 4.
Stock futures fell further Thursday after the release of first quarter gross domestic product figures. Dow Jones Industrial Average futures were down 430 points or 1.1%. S&P 500 futures were off 1.1% as well.
Stocks are tumbling after a report suggesting flagging economic growth and still-high inflation hurt the hopes that have kept Wall Street high recently. A sharp drop for Facebook parent Meta
Options traders are gradually boosting their expectations for a 2024 rate hike from the Federal Reserve after Thursday's hot quarterly core inflation data. The possibility of a Fed rate hike by December is now seen at 22%,
Meta shares are pacing S&P 500 laggards on Thursday, down about 15% and on track for their worst single-day percentage drop since they lost almost 25% on Oct. 27, 2022, according to Dow Jones Market Data.
U.S. Treasury yields were rising after a weaker-than-expected estimate on U.S. economic growth in the first quarter. The yield on the 10-year Treasury note was trading up about five basis points on Thursday at around 4.
The GDP numbers might be parsed more for what they say about inflation than growth. Baked into the GDP report will be the Commerce Department's quarterly PCE price index data. From that, one can get an idea for what the PCE price data for March,