Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market ended mixed on Tuesday, but technology companies led a strong recovery even as recession fears weighed on US Treasury yields and commodity prices. X The Dow Jones closed lower, but far from lows, while the S&P 500 posted … Read more
text size Fixed income markets are pricing in significant additional rate hikes this year, but earnings forecasts by some equity analysts remain optimistic. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months have historically been bad for stocks, bonds, cryptocurrencies, and virtually every other asset class outside of commodities. … Read more
Investors are welcoming the third quarter with greater fears of a recession, making next Friday’s June jobs report a potentially bigger catalyst for markets than it otherwise would have been. The jobs report and release of minutes from the Federal Reserve’s latest interest rate meeting on Wednesday are expected to highlight the four-day week following … Read more
What’s happening: The S&P 500 got off to its worst start since 1970, falling 20.6% between January and June. The Dow posted its largest first-half decline since 1962, and the Nasdaq Composite posted its largest percentage decline ever. An uncomfortable combination of circumstances has weighed on stocks. Russia’s war in Ukraine has pushed up inflation … Read more
A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. London CNN business — Few investors will have had a tougher start to the year than the six … Read more
Constellation Brands (STZ) reported solid first-quarter results before the opening bell on Thursday. The wine, beer, and spirits company reported net sales of $2.36 billion, up 17% year over year and beating Wall Street’s expectations of $2.16 billion. Bottom line, the company said it posted adjusted earnings of $2.66 per share, up 14% year over … Read more
Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Hide caption toggle caption Spencer Platt/Getty Images Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images This was the worst start to the year for stocks in more than half a century. A record run fueled … Read more
A Frontier Airlines plane near a Spirit Airlines plane at Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The hottest airline battle in years comes to a head on Thursday as Spirit Airlines shareholders vote on a proposed link with fellow discount carrier Frontier Airlines, while … Read more
Robinhood Markets , that revolutionized the online brokerage industry may be in play now that cryptocurrency exchange FTX’s interest has been made public. This could spur other potential bidders on Robinhood to one of the most anticipated deals of the year. Sam Bankman-Fried, founder and CEO of FTX, said Monday that he is excited about … Read more
Breadcrumb Trail Links Oil Gasoline FP energy raw materials Despite increasing talk of a recession, there are no signs of weak demand worldwide Oil stocks have had a rough couple of weeks, but energy analyst Eric Nuttall still believes the sector’s fundamentals are strong. Photo by ROBYN BECK / AFP via Getty Images /AFP via … Read more