Stock Market Overview
Wed, May 8th, 2024
Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
Stocks See Support as Bond Yields Fall and Earnings Impress
Barchart - Tue May 7, 3:48PM CDT
The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.01%.Â
US stock indexes settled mixed on Tuesday, with the S&P 500 posting a 3-week high and the Dow Jones Industrials posting a 4-week high. A decline in the 10-year T-note yield Tuesday to a 3-1/2 week low supported stocks. Also, expectations that the Fed will start cutting interest rates this year are a positive for stocks.Â
Corporate news Tuesday was mixed for stocks. On the positive side, FMC Corp rose more than +9% after forecasting full-year revenue above consensus. Also, GlobalFoundries closed up more than +6% after reporting Q1 adjusted EPS above consensus. In addition, International Paper rose more than +5% after Reuters reported that Suzano approached International Paper with an offer to buy the company for about $15 billion or $42 per share.Â
On the negative side, Builders First... Read more
Buy The Dip: 1 Beaten-Down Stock Wall Street Says Is a 'Strong Buy'
Barchart - 9 minutes ago
Down 78% from its all-time high, Wall Street expects this stock to soar 72% over the next 12 months.
1 Semiconductor Stock Set to Rise 16% on 'Soft Landing' Upside
Barchart - 19 minutes ago
After reporting its Q1 earnings results, this semiconductor stock is gearing up for a boost on the potential 'soft landing' this year.
Most FTX customers to get all their money back less than 2 years after catastrophic crypto collapse
AP - 23 minutes ago
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
AP - 43 minutes ago
Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices
Stock market today: Wall Street starts slow on Wednesday, threatening its four-day winning streak
AP - 49 minutes ago
Wall Street leaned toward small losses in premarket, coming off a four-day winning streak that’s been driven broadly by better-than-expected earnings reports from U.S. companies
Edmunds: Trade or sell your car? What's best might surprise you
AP - 1 hour ago
With used car prices dropping, it’s crucial to know the best way to maximize your return when you part ways with your current car
Sectors sorted by Daily Weighted Alpha Change
/shutterstock_2309655121.jpg)
