The corporate earnings season is in full swing, and investors are feeling the heat as concerns grow about the struggles of some of the largest U.S. companies amidst rising rates and recession fears. On Wednesday, the Dow Jones Industrial Average fell by 190 points, or 0.56%, the Nasdaq Composite dropped 1%, and the S&P 500 … Read more
Bitcoin has had an impressive start to the new year, climbing more than 26% and surprising those who expected riskier investments to face more challenges following sharp selloffs in 2022. This is the best opening month performance for the token since a 31% rally in 2020, before the pandemic hit. This surge has helped to … Read more
The Dow Jones Industrial Average rose Monday as a packed week kicked off, with congressional midterm elections and key inflation data on deck over the next few days. The Dow traded higher by 138 points, or 0.4%, while the S&P 500 gained 0.3%. The Nasdaq Composite climbed 0.1%. Shares of Apple fell more than 1% … Read more
Stock futures rose on Friday, cutting losses for the week, as August’s jobs report came in about as expected, cooling fears that a much hotter labor market would give the Federal Reserve leeway to get more aggressive with interest rate hikes. Dow Jones Industrial Average futures jumped 155 points. S&P 500 and Nasdaq 100 futures rose 0.6% … Read more
Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day after the stock surged more than 20% on news of its partnership with Amazon. It … Read more
Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment and accessories on Amazon’s … Read more
BitcoinBTCUSD +1.26% and other cryptocurrencies have held up better than stocks amid recent market pressures, a bullish signal that belies the fact that digital assets look to be losing momentum and could take a sharp leg lower soon. The price of Bitcoin rose 1% to above $21,300 on Tuesday, inching higher after a selloff on Friday plunged … Read more
Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock. AMC was down more than 30% in premarket trading, building on a loss of more than 26% last week. The drop comes as rival Cineworld said on Monday it is considering … Read more
BitcoinBTCUSD –0.01% sank Friday and stocks did too. The world’s largest crypto posted losses for the week, as did equities. Could it be the two are inextricably linked? Bitcoin fell below $22,000 on Friday. Its steep drop came just days after the token rose above $25,000 in a rally from a June selloff. The stock market declined as investors grappled with uncertainties … Read more
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, August 8, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. I stunned my co-anchor Julie Hyman on Friday when I expressed … Read more
