Stock Market News

13 Aug Stock Market News

U.S. stocks fell across the board after employers added 263,000 positions in September, the lowest monthly gain since April 2021. A softening labor market signals broader economic weakness may be emerging. Bond yields move higher with the 10-year Treasury at 3.89%. In commodities, oil continued its climb after OPEC’s production cut, https://dotbig.com/ now nearing $90 per barrel. Yahoo Finance’s Ines Ferré breaks down how stocks are trading and upcoming catalysts for the stock market. Billionaire hedge-fund investor Paul Tudor Jones, founder of Tudor Investment Corporation, said investors looking to time the bottom in stocks should keep a close eye on short-term Treasury yields.

Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss the expectations for earnings season. "While we don’t expect the Fed to stop hiking rates, we believe a good case can be made that market pressures may force it to slow the pace." Discounts are expected to be “massive” this year, https://ru.investing.com/news/ according to the report, reaching record highs of more than 32% with computers, electronics and toys leading the pack of discounted goods. Bob Doll, CIO at Crossmark Global Investments, joins ‘Squawk on the Street’ to discuss markets trying to rebound, the lag in Fed policy, and quantitative tightening.

Earnings: Where Street Estimates Are Too Low & Who Should Beat

Multiple large explosions hit Ukraine’s capital Kyiv on Monday, killing and injuring people, the city’s emergency services said. The attacks come just days after a blast destroyed part of Russia’s Kerch Bridge, the only bridge that links Russia to the DotBig Crimean peninsula. "Can they stop, can they pivot? No they cannot," El-Erian said on CNBC’s Squawk Box Monday morning. "They cannot because the data does not give them enough of a green light, but importantly their credibility has been hit very hard."

Nvidia— The chip stock fell more than 4% to hit a 52-week low after the Biden administration published a sweeping set of export controls, including a plan to cut China off from certain semiconductor chips made with U.S. equipment. ScPharmaceuticals plunged 21.7% after the company announced it entered into a $100 million debt financing agreement with Oaktree Capital Management.

What’s more, traders are now betting that there’s about a 15% probability of yet another three-quarter point rate increase at the Fed’s December 14 meeting. The market was pricing http://dotbig.com/markets/stocks/DIS/ in zero chance of that happening only a week ago. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.

Morgan Stanley: Watch Out For A Sneaky Earnings Killer

The drug has the potential to delay clinical type 1 diabetes in at-risk individuals. A separate cash tender offer will be made in relation to 12 U.S. dollar-denominated senior debt securities for up to $2 billion. Rate hikes are crucial to fight inflation; however, critics are warning they will force the world into a recession and "prolonged" stagnation. The Fed likely DotBig is making a mistake in its hardline stance against inflation, Ark Invest’s Cathie Wood said Monday. Jefferies Managing Director and Head of Corporate Hedging and FX Solutions Joseph Lewis joins Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman to discuss the strength of the U.S. dol… ” Ordinarily, you and I would respond with deep skepticism.

• It was designed to protect liability driven investment funds from imminent collapse.
• Teplizumab is currently under review by the Food and Drug Administration user fee goal date of November 17 for the Biologics License Application.
• Steep inflation, a volatile market and rising interest rates have led many companies to put their acquisition plans on hold.
• According to fed funds futures on the CME, investors are now pricing in a more than an 80% chance of a fourth straight three-quarters of a percentage point hike at the Fed’s November 2 meeting.

Despite Friday’s big losses, stocks still finished the week with gains, thanks to huge market rallies Monday and Tuesday. But the Dow is now back in bear market territory, more than 20% below its all-time high. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Gold futures declined on Monday, with prices for the most-active contract settling at their lowest since Sept. 29.

Supply Chain Struggles Continue To Weigh On Inflation, Says Chicago Fed President Charles Evans

The stock is down 31.3% in 2022 compared to a 24.1% loss by the S&P 500 SPX. Markets are closely watching the U.S. Disney stock nonfarm payrolls report due on Friday, with economists forecasting 250,000 jobs to have been added last month.

Investors Should Raise Cash Ahead Of A Down Year, Says Jim Cramer

Economists surveyed by Refinitiv say the U.S. economy likely added 250,000 new nonfarm jobs in September. That’s down from 315,000 the previous month and would mark the weakest job growth since December 2020. AMD provided third-quarter revenue estimates that fell well short of its previous forecast, citing lower-than-expected demand and significant inventory corrections across the personal computer market supply chain. Employers added 263,000 jobs in September, the Labor Department said in its monthly payroll report released Friday, slightly topping the 250,000 jobs forecast by Refinitiv economists.

Fed Unlikely To Pivot Soon, El

The price of 10-year Treasury futures were lower by about 0.6%. Americans are still getting a decent sized bump http://dotbig.com/markets/stocks/DIS/ in their weekly paychecks. Wages rose 5% in September over the past year, according to Friday’s jobs report.

Stock Market Today: Stocks Fall Monday After Volatile Week

If that happens, the hope is that companies will be less likely to keep raising consumer prices at a breakneck pace. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%. The average price of a gallon of gasoline gained again on Friday to $3.891, according to AAA. Analysts say customers are reacting to rising inflation, higher interest rates and the impact of Russia’s invasion of Ukraine.

South Korean regulators had already approved the vaccine for primary immunization against the novel coronavirus earlier this year. Stock futures were down at the start of after-hours trading Sunday night. Four of the world’s largest banks, as well as consumer interest brands like PepsiCo and Domino’s, will DotBig report earnings for a week many call the start to the new earnings season. Markets will get a look at fresh inflation figures Thursday when the BLS releases September’s consumer price index. Economists surveyed by Dow Jones expect headline CPI to show a 0.3% monthly increase and an 8.1% annual gain.