Stock market today: S&P 500 slides for 5th straight day | April 18, 2024
#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 finished largely in the red on Thursday as April's doldrums lingered in the market.
The S&P 500 (^GSPC) fell about 0.2% to notch its fifth straight session of declines, its longest losing streak of the year. The Dow Jones Industrial Average (^DJI) hovered just above the flatline, while the Nasdaq Composite (^IXIC) slipped 0.5%, extending tech's recent slump.
tocks have struggled amid concerns inflation is no longer cooling and the Federal Reserve could ease back on interest rate cuts. Fed officials fueled those worries on Thursday, with Atlanta Fed president Raphael Bostic reiterating that he doesn’t expect to lower rates until the end of the year.
That has put corporate earnings center stage as investors watch closely how well reports match up with high expectations. TSMC's (TSM) latest quarterly results were a mixed bag: The Taiwanese chip giant cautioned on its growth outlook this year outside of its memory chips business, sending the stock over 5% lower. The company, however, flagged "insatiable" appetite for AI as it posted a quarterly profit beat.
The earnings spotlight now shifts to Netflix, the first of the megacap tech companies to report. The streaming leader's financial update is seen by some as the first real test for stocks this earnings season, given the megacaps are still playing a big part in pushing markets higher.
US bond yields, a recent headwind for stocks, picked up again on Thursday. The 10-year Treasury yield (^TNX) was up, trading near 4.65%.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-sp-500-slides-for-5th-straight-day-200158049.html
Видео Stock market today: S&P 500 slides for 5th straight day | April 18, 2024 канала Yahoo Finance
To get the latest market news check out finance.yahoo.com
US stocks finished largely in the red on Thursday as April's doldrums lingered in the market.
The S&P 500 (^GSPC) fell about 0.2% to notch its fifth straight session of declines, its longest losing streak of the year. The Dow Jones Industrial Average (^DJI) hovered just above the flatline, while the Nasdaq Composite (^IXIC) slipped 0.5%, extending tech's recent slump.
tocks have struggled amid concerns inflation is no longer cooling and the Federal Reserve could ease back on interest rate cuts. Fed officials fueled those worries on Thursday, with Atlanta Fed president Raphael Bostic reiterating that he doesn’t expect to lower rates until the end of the year.
That has put corporate earnings center stage as investors watch closely how well reports match up with high expectations. TSMC's (TSM) latest quarterly results were a mixed bag: The Taiwanese chip giant cautioned on its growth outlook this year outside of its memory chips business, sending the stock over 5% lower. The company, however, flagged "insatiable" appetite for AI as it posted a quarterly profit beat.
The earnings spotlight now shifts to Netflix, the first of the megacap tech companies to report. The streaming leader's financial update is seen by some as the first real test for stocks this earnings season, given the megacaps are still playing a big part in pushing markets higher.
US bond yields, a recent headwind for stocks, picked up again on Thursday. The 10-year Treasury yield (^TNX) was up, trading near 4.65%.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-sp-500-slides-for-5th-straight-day-200158049.html
Видео Stock market today: S&P 500 slides for 5th straight day | April 18, 2024 канала Yahoo Finance
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Adviser: Look at individual stocks, not the whole marketApple iPhone sales and China are key for earnings, strategist saysHome buying right now is tough, Zillow CFONovo Nordisk CEO talks soaring weight-loss drug demand, Q1 earningsAnalyst discusses stronger-than-expected PayPal earnings and outlookAmazon and Roku look to cut jobs, Russia-Ukraine grain deal extended, Starbucks workers go on strikeAmazon Q1 earnings showed a lot of good things, analyst saysThe Fed has 'unleashed a significant tailwind' creating a risk of higher inflation: Torsten SlokMarkets relieved after Fed Chair Powell took rate hikes out of the equation, adviser saysQualcomm CFO: 'We're very happy' about smartphone and AI demandWhat to expect from the Fed's third rate policy decision this yearFed's Powell on inflation: It will take longer to reach point of confidence to cut rates@Intel will be the ‘leading AI systems foundry’ by 2030: CEO #shorts #aiWingstop growth strategies have a lot or runway, CEO saysThe Fed has to do the right thing and not worry about politics: Fmr. Minneapolis Fed presidentEli Lilly stock soars on earnings, 'off-the-charts' demand for weight-loss drugsMore than a quarter of Americans are considering buy now, pay later loans: AnalystChip sector sees rocky start to 2024Stock market today: Stocks slide after GDP report prompts inflation, growth concernsThe Fed: What higher interest rates mean for your money 💰 #shortsHow the 50/30/20 budgeting model can help college graduates