US stocks fell at the market close on Tuesday as investors mulled inflation data that came in higher than expected.
The first wave of corporate earnings is set to roll in Tuesday, with banking giants JP Morgan and Goldman Sachs reporting.
"Strong earnings don't always translate to strong market returns," wrote BofA equity strategists on Monday.
The Dow Jones Industrial Average was spared a weekly loss in Friday's rally.
Each year, investors have four opportunities to gauge the market and get some insight into how companies have performed and where they are headed next. Earnings season is the prime opportunity for shareholders to take notice of market fluctuations and adjust their investments accordingly. On one day each quarter, companies […]
All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter. Sign up here for our daily newsletter, […]
US stocks hovered near record highs on Tuesday as investors awaited earnings reports from tech giants. The S&P 500 hit an intraday all-time peak in early trading. Microsoft is slated to report fiscal second-quarter results when the market closes. Apple and Tesla will report figures on Wednesday. Retail traders continued […]
Netflix is set to report fourth-quarter earnings after the market closes on Tuesday. Analysts view growing competition and recent price hikes as key hurdles for the streaming giant. Detailed below is what four analysts expect when the company reports earnings and how they expect the stock to move. Watch Netflix […]
US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19 lockdowns cut into holiday-season spending, according to Census Bureau data published Friday. Economists expected sales to hold flat from November. Less-than-stellar earnings reports from […]
Citigroup reported mixed fourth-quarter earnings on Friday that were hurt by weaker-than-expected fixed-income trading revenues. The bank reported profits that beat analyst estimates, but revenue fell short. Citigroup saw weakness in its consumer banking arm, with revenues down 14%. Shares of Citigroup fell more than 1% in early trading. Sign […]
DraftKings rallied as much as 11.1% in early Friday trading after the company beat third-quarter estimates and reported a leap in monthly users. Revenue and earnings for the three-month period landed above analyst expectations, and the company lifted its 2020 and 2021 revenue guidance. Monthly payers jumped 64% from the […]
Peloton surged as much as 6% on Friday as massive sales growth offset concerns over supply constraints. The company beat estimates for its fiscal first-quarter earnings and revenue, with the latter more than tripling from the year-ago reading. Peloton also lifted its forecast for full-year sales above analyst expectations. The […]
General Motors leaped as much as 7% in early trading Thursday after the company nearly doubled expectations for third-quarter earnings. Revenue for the period fell in line with estimates, while earnings of $US2.83 per share trounced the $US1.45 forecast. Strong truck and SUV sales in North America and China helped […]
US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]
While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Apple shares fell as much as 4% in early Friday trading after the tech giant’s fiscal fourth-quarter figures failed to meet analysts’ expectations. The company beat estimates for overall revenue and profit, but iPhone sales landed below hopes. Apple’s updated phone lineup was released roughly one month later than usual, […]
Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]
