Nordstrom climbs after raising profit outlook; Amazon.com and Tesla Inc underpinned the gains on the Nasdaq with advances of 1% and 2.1%, respectively
Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook
The S&P 500 is headed for its seventh weekly decline that would make the longest losing streak since the dotcom bubble burst more than two decades ago.
Energy was the top performer, up 2.2%, followed by healthcare and technology sectors
Cisco Systems Inc. slid more than 10% after warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter
The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%
Walmart slides after cutting earnings forecast; April retail sales rise in-line with estimates
Apple, Tesla biggest drag on S&P 500 and Nasdaq; Spirit Airlines surges after JetBlue launches hostile takeover
Junior employees will be given at least two extra days off each year under the new policy introduced at the start of the month.
Stocks are opening modestly lower on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6 per cent in the early going, while more declines in technology companies pulled the Nasdaq down 1.1 per cent. The Dow Jones Industrial Average fell less, 0.3 per cent. Spirit Airlines rose 7 per cent after JetBlue would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bids. Overseas markets were mixed, as were crude oil prices. The yield on the 10-year Treasury note, which helps set mortgage rates, fell to 2.90 per cent. Wall Street pointed toward modest declines when markets open Monday as investors continue to weigh surging energy costs and prospects for interest rate hikes in the US. Dow futures fell 0.1 per cent and the same for the S&P 500 lost 0.3 per cent. Global shares were mixed and oil prices fell. Last week, US benchmarks logged their sixth straight weekly drop, the longest .
While the rest of Wall Street was ditching Coinbase stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday
Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading
Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%
All eyes on US CPI data on Wednesday; Peloton slumps as CEO says business 'thinly capitalized'
Dow Jones Industrial Average was down 486.39 points, or 1.48%, at 32,412.98 and the Nasdaq Composite was down 373.29 points, or 3.07%, at 11,771.38
On Wednesday, the US Federal Reserve announced a 50 basis points rate hike, the highest in 22 years, but ruled out a 75-bps hike in the future
Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation
All three major U.S. stock indexes reversed earlier gains as 10-year Treasury yield reached the 3% mark for the first time in more than three years.
Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly report
Buffett, 91, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger, 98, fielded questions in a downtown arena in Omaha, Nebraska