|
Name | Last | Chg |
---|---|---|
Dow Jones | 38225.66 | 0.85% |
NASDAQ | 15840.96 | 1.51% |
|
Name | Last | Chg |
---|---|---|
Dow Jones | 38225.66 | 0.85% |
NASDAQ | 15840.96 | 1.51% |
Symbol | Last | Chg |
---|---|---|
XBP | 2.1800 | 66.41% |
ENVX | 9.4700 | 45.47% |
SGBX | 2.9300 | 32.94% |
PRDO | 24.1100 | 31.46% |
NXTT | 4.8000 | 29.55% |
Symbol | Last | Chg |
---|---|---|
NUVO | 4.7100 | 41.92% |
XPEL | 32.8600 | 38.91% |
PLTN | 6.3500 | 30.60% |
BON | 2.7500 | 28.57% |
HSDT | 2.6600 | 26.11% |
Symbol | Last | Chg |
---|---|---|
JAGX | 0.2932 | 30.31% |
SQQQ | 11.7800 | 3.60% |
FFIE | 0.0401 | 13.02% |
ALLR | 1.2300 | 10.22% |
AAPL | 173.0300 | 2.20% |
(For a Reuters live blog on U.S., UK and European stock
markets, click
*
Netflix falls after dour Q2 forecast
*
Paramount up on likely buyout bid from Sony, Apollo
*
Indexes: Dow up 0.48%, S&P up 0.05%, Nasdaq down 0.35%
(Updated at 9:55 a.m. ET/1355 GMT)
By Shashwat Chauhan and Shristi Achar A
April 19 (Reuters) -
The Dow and the S&P 500 edged higher on Friday on gains in
American Express after upbeat earnings and as initial jitters
about an escalation in the Middle East conflict subsided, while
Netflix weighed on the Nasdaq following its dour forecast.
Netflix
pioneer's lackluster second-quarter forecast.
"(Netflix) also noted that it would stop reporting
subscriber numbers next year, which was taken as a sign that the
current strength of customer growth could now be peaking," said
Richard Hunter, head of markets at online investment platform
interactive investor.
"In order to maintain heightened valuation levels,
attention has turned to the quarterly reporting season with high
expectations for companies which are reporting."
Cushioning the blue-chip Dow, American Express
3.2% after the credit card lender's first-quarter profit
surpassed Wall Street estimates.
Meanwhile, explosions echoed over an Iranian city on Friday
in what sources described as an Israeli attack, but Tehran
played down the incident and indicated it had no plans for
retaliation - a response that appeared gauged towards averting a
region-wide war.
Equities were rattled this week as investors readjusted
their expectations over by how much the Fed would cut rates this
year, with both the S&P 500 and the blue-chip Dow
for a third weekly decline, while the Nasdaq was set for its
fourth consecutive weekly loss, if current trend holds.
Federal Reserve policymakers have coalesced around the idea
of keeping borrowing costs where they are until perhaps well
into the year, given slow and bumpy progress on inflation, and a
still-strong U.S. economy.
Money markets are now pricing in about 39 basis points (bps)
of cuts from the central bank this year, down from around 150
bps seen at the beginning of 2024, according to LSEG data.
U.S. stocks suffered an outflow of $4.1 billion in the
latest week, according to Bank of America's weekly 'Flow Show'
report, their largest two-week outflow since December 2022.
The CBOE Volatility index
Street's "fear gauge", was last up 0.30 points at 18.30, after
breaching the psychologically important level of 20 earlier in
the session.
At 9:55 a.m. ET, the Dow Jones Industrial Average
up 182.74 points, or 0.48%, at 37,958.12, the S&P 500
up 2.50 points, or 0.05%, at 5,013.62, and the Nasdaq Composite
Seven of the 11 S&P 500 sectors traded higher, with
energy
communication services
Shares of Paramount Global
person familiar with the matter told Reuters that Sony
Pictures Entertainment and Apollo Global Management
discussing making a joint bid for the company.
Procter & Gamble
goods giant missed third-quarter net sales estimates.
Advancing issues outnumbered decliners by a 3.42-to-1 ratio
on the NYSE by a 1.71-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and four new
lows, while the Nasdaq recorded nine new highs and 90 new lows.
(Reporting by Shashwat Chauhan and Shristi Achar A in
Bengaluru; Editing by Sherry Jacob-Phillips and Maju Samuel)
((Shashwat.Chauhan@thomsonreuters.com;
Shristi.AcharA@thomsonreuters.com
https://twitter.com/ShristiAchar;))