NEW YORK—Wall Street closed out a winning April with gains Friday after more companies said their profits at the start of the year weren’t as bad as expected. The S&P 500 rose 34.13, or 0.8 percent, to 4,169.48. Despite some sharp swings this week, it still clinched a second straight winning month. The Dow Jones…
Fox Stock Down $600 Million Since Tucker Carlson Exit
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Fox Takes a Huge Hit Following Tucker Carlson’s Departure
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Stock Market Today: Stocks Tumble on Profit, Economy Worries
NEW YORK—Wall Street tumbled Tuesday to its worst day in a month on worries about the strength of corporate profits and the economy following some mixed reports. The S&P 500 fell 1.6 percent to break out of a weekslong lull. The Dow Jones Industrial Average dropped nearly 345 points, or 1 percent, while the Nasdaq…
Stock Market Today: Wall Street Is Mixed as Calm Continues
NEW YORK—Wall Street barely budged again on Wednesday following another set of mixed earnings reports from big U.S. companies. The S&P 500 inched down by 0.35 points, or less than 0.1 percent, to 4,154.42. The Dow Jones Industrial Average slipped 79.62, or 0.2 percent, to 33,897.01, and the Nasdaq composite edged up by 3.81 points,…
Stock Market Today: S&P 500 Posts Slight Gain, Dow Flat
NEW YORK—Wall Street closed Tuesday almost exactly where it began after a mixed set of profit reports led to a quiet, meandering day of trading. The S&P 500 edged up by 3.55 points, or 0.1 percent, to 4,154.87 after drifting between small gains and losses throughout the day. The Dow Jones Industrial Average slipped 10.55,…
Wall Street Ends Mixed With Inflation Data, Earnings on Tap
NEW YORK—U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday’s employment report and prepared for an eventful week of inflation data and bank earnings. Megacap momentum stocks dragged the tech-heavy Nasdaq slightly lower, while industrials helped boost the blue-chip Dow into green territory. The bellwether S&P…
Stocks Rally After Battered First Republic Gets a Lifeline
NEW YORK—Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8 percent for its best day in nearly two months after 11 of the biggest banks said they would deposit a…
High Cost of Stock Compensation Will Squeeze Tech Investors
Commentary Technology investors had a rough year in 2022. The Nasdaq Composite Index went down around 33 percent. Despite a rebound so far this year, investors are faced with lower revenue growth and a significant structural hurdle—consequences of increasingly higher stock-based compensation awards. This isn’t a new phenomenon. Technology firms have been gifting lucrative stock…
Utility Stocks Are Losing Power
By Jeffrey R. Kosnett From Kiplinger’s Personal Finance When a stock sector crushes the S&P 500 index by 15 percentage points over a full year, it’s normally cause for euphoria. But utilities, which are both regulated and sensitive to interest rates, are not your typical industry. And that massive 15-point outperformance translates to just a…
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