Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rush | April 22
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news check out finance.yahoo.com
US stocks rebounded on Monday, with the S&P 500 snapping a six-day losing streak as investors braced for a rush of Big Tech earnings.
The S&P 500 (^GSPC) rose 0.9% to climb back above 5,000 after closing below the key level on Friday for the first time since February. The Dow Jones Industrial Average (^DJI) added 0.7%, or more than 200 points. The tech-heavy Nasdaq Composite (^IXIC) also gained 1.1% as AI darling Nvidia (NVDA) rebounded by adding than 4%.
Hopes are now resting on Big Tech earnings this week to reassure and reignite the market. On deck are quarterly reports from Meta (META), Microsoft (MSFT), and Alphabet (GOOG).
The focus Monday was on Tesla (TSLA) as the EV maker cut prices in the US, China, and several other countries. Tesla will report quarterly results on Tuesday after the market close. The Elon Musk-led company has already unsettled some investors with its robotaxi push and decision to have shareholders vote again on Musk's rejected pay package. Tesla shares lost 3.4%.
Meanwhile, the debate over the Federal Reserve's stance on rate cuts continued to rumble after Chair Jerome Powell and fellow policymakers turned more hawkish last week in the face of persistent inflation. Given that, minds are already turning toward Friday's release of the PCE index — the Fed's preferred inflation gauge — as critical to assessing whether rates will stay higher for longer.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-sp-500-snaps-6-day-losing-streak-ahead-of-big-tech-earnings-rush-200132702.html
Видео Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rush | April 22 канала Yahoo Finance
To get the latest market news check out finance.yahoo.com
US stocks rebounded on Monday, with the S&P 500 snapping a six-day losing streak as investors braced for a rush of Big Tech earnings.
The S&P 500 (^GSPC) rose 0.9% to climb back above 5,000 after closing below the key level on Friday for the first time since February. The Dow Jones Industrial Average (^DJI) added 0.7%, or more than 200 points. The tech-heavy Nasdaq Composite (^IXIC) also gained 1.1% as AI darling Nvidia (NVDA) rebounded by adding than 4%.
Hopes are now resting on Big Tech earnings this week to reassure and reignite the market. On deck are quarterly reports from Meta (META), Microsoft (MSFT), and Alphabet (GOOG).
The focus Monday was on Tesla (TSLA) as the EV maker cut prices in the US, China, and several other countries. Tesla will report quarterly results on Tuesday after the market close. The Elon Musk-led company has already unsettled some investors with its robotaxi push and decision to have shareholders vote again on Musk's rejected pay package. Tesla shares lost 3.4%.
Meanwhile, the debate over the Federal Reserve's stance on rate cuts continued to rumble after Chair Jerome Powell and fellow policymakers turned more hawkish last week in the face of persistent inflation. Given that, minds are already turning toward Friday's release of the PCE index — the Fed's preferred inflation gauge — as critical to assessing whether rates will stay higher for longer.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-sp-500-snaps-6-day-losing-streak-ahead-of-big-tech-earnings-rush-200132702.html
Видео Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rush | April 22 канала Yahoo Finance
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
IBM CEO talks AI and reinventing the companyReddit stock surges after ad revenue jumps 39% year over yearHow to manage your 401(k) when you switch jobs4 smart money moves to use your tax refundAnalyst discusses stronger-than-expected PayPal earnings and outlookTesla stock sinks on report of US investigation into securities and wire fraudDecember Fed rate cut 'will be a thank you and goodnight,' strategist saysAmazon and Roku look to cut jobs, Russia-Ukraine grain deal extended, Starbucks workers go on strikeUS economy is in a privileged position: IMF managing directorMarkets relieved after Fed Chair Powell took rate hikes out of the equation, adviser saysQualcomm CFO: 'We're very happy' about smartphone and AI demandWarren Buffett's 2 key tenets are diversification and time, CFRA vice president saysLove and marriage: Should you get a prenup?Reddit stock soars on Q2 forecastStock market today: Stocks edge higher, Disney sinks after earnings | MAY 6, 2024US chipmaking capacity to triple by 2032: BCGReddit is on their way to profitability sooner than expected, analyst saysDisney CFO talks Q2 earnings and streamingHow the 50/30/20 budgeting model can help college graduatesPhilips stock soars on $1.1 billion respiratory device settlementReddit has a platter of monetization opportunities, analyst says