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Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said. Stocks rose early in the week as traders continued to … Read more
Boston Scientific Corp. stock BSX, +0.96% slid 5% in premarket trade Wednesday, after the medical device maker missed profit estimates for the fourth quarter. The company had net income of $126 million, or 9 cents a share, up from $80 million, or 6 cents a share, in the year-earlier period. Excluding one-time items, adjusted EPS … Read more
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% … Read more
Shares of Schlumberger Ltd. SLB, +0.44% edged up 0.2% in premarket trading Friday, even after the oil services company reported fourth-quarter profit and revenue that beat expectations and increased its quarterly dividend by 43%. Net income rose to $1.07 billion, or 74 cents a share, from $601 million, or 42 cents a share, in the … Read more
2022 is over. Take a breath. Investors were understandably eager to ring the bell on the stock market’s worst year since 2008, with the S&P 500 SPX, -0.25% falling 19.4%, the Dow Jones Industrial Average DJIA, -0.22% dropping 8.8% and the Nasdaq Composite COMP, -0.11% shedding 33.1%. Adding to the pain, the bond market was … Read more
U.S. stocks ended lower Friday, booking their worst annual losses since 2008, as tax-loss harvesting along with anxieties about the outlook for corporate profits and the U.S. consumer took their toll. How stock indexes traded The Dow Jones Industrial Average DJIA, -0.22% slipped 73.55 points, or 0.2%, to 33,147.25. The S&P 500 SPX, -0.25% shed … Read more
U.S. stocks advanced Thursday, erasing losses from earlier in the week during the second-to-last trading session of the year. The main indexes built on premarket gains after U.S. weekly jobless claims data showed the number of workers receiving benefits has climbed to the highest level since February, a sign that the Federal Reserve’s interest-rate hikes … Read more
U.S. stocks were sharply lower in midday trade Thursday, more than erasing their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks … Read more
The S&P 500 and Nasdaq Composite indexes recorded their worst day in almost a month on Monday, after a hotter-than-expected U.S. services-sector reading fueled concerns that the Federal Reserve may need to be even more aggressive in its inflation battle. How stocks traded The Dow Jones Industrial Average DJIA, -0.26% finished down 482.78 points, or … Read more
U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more