US Consumer Spending Slows $Disney (DIS.US)$reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business. Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
39
7
33
Report
10baggerbamm
:
McDonald's missed dominos missed chipotle guided lower moments ago Papa John's Pizza missed. busier consumer staples how much lower can people trade down than McDonald's?
Since the beginning of 2023, the S&P 500$S&P 500 Index (.SPX.US)$and Nasdaq$Nasdaq Composite Index (.IXIC.US)$have surged, leaving the U.S. small-cap stocks lagging behind. However, market funds began shifting towards rate-cut trades after July 11, selling tech stocks and buying small-cap stocks which are more rate-sensitive. The Nasdaq, dominated by large tech companies, has dropped over 10% since then, while the Russell 2...
Wall Street has experienced significant volatility over the past several days, with a relief rally on Tuesday helping to mitigate some of the damage caused by intensified recession fears last week. In the market's eyes, the Federal Reserve is either on the brink of averting a recession or at risk of repeating its past mistakes by failing to recognize an impending economic downturn in time. Traders are currently pricing in a strong p...
Solomon expects one to two rate cuts from the Fed in the fall. He also mentioned that as the market readjusts to new economic data and revises expectations for Fed policy, market volatility will persist for a while. "After a very strong market rally, we are experiencing a correction, which might be healthy. I think we will see more volatility in the short term. This is quite a significant adj...
Investors are pulling out of tech stocks and shifting to lagging sectors, but the consumer goods industry hasn't reaped much benefit. As of July 31, the Nasdaq Index has fallen 5.7% after hitting a record high of 18,671 points on July 11. Meanwhile, the S&P 500 Consumer Select Sector Index remained nearly flat, the S&P Biotechnology Select Industry Index rose 3.7%, and the$Russell 2000 Index (.RUT.US)$gained 10.7...
Micro E-mini Russell 2000 Index Futures(SEP4) Forum
As a result, U.S. stocks opened higher and collectively closed near their daily highs. $S&P 500 Index (.SPX.US)$rose more than 2%, marking its biggest gain since November 2022, $Nasdaq Composite Index (.IXIC.US)$gained nearly 2.9%, $Dow Jones Industrial Average (.DJI.US)$surged over 680 points, $Russell 2000 Index (.RUT.US)$ climbed 2.4%, the Chinese Con...
$Disney (DIS.US)$ reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business.
Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
However, market funds began shifting towards rate-cut trades after July 11, selling tech stocks and buying small-cap stocks which are more rate-sensitive. The Nasdaq, dominated by large tech companies, has dropped over 10% since then, while the Russell 2...
However, due to rising Middle East tensions and weak demand for the 10-year US Treasury auction, the market's...
Traders are currently pricing in a strong p...
Chip and Chinese concept stock indices rose over 3.6%. $NVIDIA (NVDA.US)$ surged over 7% before clo...
As of July 31, the Nasdaq Index has fallen 5.7% after hitting a record high of 18,671 points on July 11. Meanwhile, the S&P 500 Consumer Select Sector Index remained nearly flat, the S&P Biotechnology Select Industry Index rose 3.7%, and the $Russell 2000 Index (.RUT.US)$ gained 10.7...
However, whether such evident labor market weakness benefits US stocks remains questionable, as indicated by $Russell 2000 Index (.RUT.US)$ 's performance.
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
No comment yet