Stock Market Is Top-Heavy, but Carnage Is Widespread

Eight companies are to blame for nearly half the stock market’s decline this year — and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 … Read more

Dollar General and Dollar Tree Earnings Are the Next Big Test for Retailers

Text size Dollar General and Dollar Tree report earnings next Thursday. Justin Sullivan / Getty Images Dollar General and Dollar Tree report earnings next week, but the stocks got crushed well in advance of their releases. That’s because investors are pricing in bad news that’s almost certain to come — and may create a buying … Read more

‘We did not have a plan for a country to shut down’ – Cisco stock plunges 13% as China lockdown affects supply and outlook

Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $ 1 billion short of Wall Street expectations, which executives blamed on COVID shutdowns in China. Cisco CSCO, -4.43% shares dropped 13% after hours, following a 4.4% decline in the regular session to close at … Read more

Stocks Open Lower After Tuesday Rally

US stock indexes fell in early trading after signs that rising costs were weighing on some companies’ profits, putting Wall Street on course to extend the year’s volatility. The Dow Jones Industrial Average fell 400 points shortly after the open Wednesday, down about 1.3%. The S&P 500 fell 1.5%, and the tech-focused Nasdaq Composite receded … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

What Walmart and Home Depot Earnings Tell Us About Consumer Spending

With inflation at the highest level in decades, investors have been eager for clues about how that affects consumer spending. Following Tuesday’s solid retail sales data, and two very different earnings quarters from Walmart and Home Depot , the answer to how Americans are dealing with higher prices is still unclear — for now. Wednesday’s … Read more

Dow futures up over 300 points after retail sales as investors await Fed’s Powell

US stock-index futures were in bounce mode Tuesday as US retail sales for April came in slightly below expectations and investors awaited remarks by Fed Chairman Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00 climbed 59 points, or 1.5%, to 4,063.75. Dow Jones Industrial Average futures YM00 surged 396 points, or 1.2%, … Read more

Stocks Mostly Fall, Extending Selloff

US stocks finished mostly lower Monday, extending the market’s recent selloff. The S&P 500 fell 15.88 points, or 0.4%, to 4008.01 and the technology-heavy Nasdaq Composite Index dropped 142.21 points, or 1.2%, to 11662.79. The Dow Jones Industrial Average, however, rose 26.76 points, or 0.1%, to 32223.42. Even after rallying Friday, the S&P 500 has … Read more

An Earnings Recession Looms – WSJ

It is too early to start worrying about a recession. Worrying about an earnings recession is a different matter. Economic recessions do not occur all that often. Since 1948 there have only been a dozen of them, according to the National Bureau of Economic Research’s business cycle dating committee (the accepted arbiter of US economic … Read more

Stock Market Selloff Pauses as Dow Wavers

US stocks rose in afternoon trading Monday as investors tried to build momentum off Friday’s rally. The Dow Jones Industrial Average rose 0.5% in afternoon trading, while the broad stock market index 500 advanced less than 0.1%, and the technology-heavy Nasdaq Composite Index dropped 0.7%. Last week, the S&P 500 suffered its longest weekly losing … Read more