STOCK MARKET NEWS: Stocks rise

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  • The Federal Reserve is not likely to come up with any major updates in the next few weeks, which means investors will focus on upcoming earnings and economic data.
  • Elon Musk Picks High-Stakes Fight With Sen. Elizabeth WarrenThe liberal senator wrote to Tesla’s board, inquiring about Musk, amid a revolt among individual investors.
  • The cruise operator’s revenue rose to $3.84 billion in the quarter ending Nov. 30 from $1.29 billion a year earlier, but missed analysts’ average estimate of $3.91 billion, according to IBES data from Refinitiv.
  • On Wednesday, the National Association of Realtors released its U.S.

Shares of Nike jumped more than 10% after the company reported earnings that exceeded analyst estimates, with management highlighting a favorable demand backdrop. Shares of FedEx rose 3% after beating earnings estimates as well, with a focus on cost cutting. Elsewhere, government bond yields were little changed after rising yesterday following the Bank of Japan’s surprise decision to raise the upper limit of its 10-year bond yield. On the data front today, MBA mortgage stock market news today applications for the week ended December 16 climbed 0.9%, down from last week’s 3.2% print. The Conference Board Consumer Confidence Index is forecasted to show a modest increase, up to 101 in December versus November’s 100.2 figure. Elsewhere, existing home sales are anticipated to fall 5.2% month-over-month in November, strengthening slightly from October’s 5.9% monthly decline. In earnings news, reports from FedEx Corp and Nike Inc came in better than forecasted.

For fiscal 2023, management expects net sales growth in the range of 7% to 10% and adjusted diluted EPS in the range of $4.70 to $4.90. The estimated adjusted diluted EPS range excludes the tax benefits recorded as excess tax deductions for stock compensation. Adjusted earnings were $1.11​​ per share for the quarter ended in October. The mean expectation of four analysts for the quarter was for earnings of $1.09 per share.

Daily market snapshot

IBD stocks showing strong relative price strength and top fundamentals. Get unlimited access to IBD’s stock idea lists, exclusive ratings and unmatched market analysis. Here’s What the https://dotbig.com/ Chart Says.FedEx is rallying on its earnings report, but the stock is running into resistance. But the analyst who called the Lehman Collapse says to expect a “Cash Frenzy” instead.

Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. U.S. stocks finished higher for a second day, on positive investment sentiment following earnings reports Tuesday from FedEx and Nike, DotBig along with the latest read on consumer confidence. Stocks in Asia finished broadly lower as markets in the region continued to react to yesterday’s Bank of Japan decision to widen its cap on the 10-year Japanese Government Bond yields. This action has sparked global volatility in the currency and bond markets, and comes after a host of monetary policy tightening measures across the globe.

stock market news today

Here’s how the world’s largest crypto exchange is reportedly working with investigators to track them down. The services offered within this site are available exclusively through our U.S. financial advisors. Edward Jones’ U.S. financial advisors may only conduct business with residents of the states EA stock price today for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Rather, this is Edward Jones’ perspective on market and economic topics, designed to help you make decisions affecting your long-term financial strategy.

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Tesla stock is down 39% since Elon Musk completed his purchase of Twitter, compared to a 1% decline in the Nasdaq 100. Get all the tools you need to DotBig find stocks, research their potential, and decide when to buy and sell. New Highs Which leading stocks are making 52-weeks highs on any given day?

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Fund Manager Sees Value Opportunities in the Stock Market

Is a 2023 stock-market rebound in store after 2022 selloff? Concerns about illness or inflation aren’t stopping Americans from hitting the roads and airports this holiday season. Forecasters predict an onslaught of heavy snow, ice, flooding and powerful winds from Thursday to Saturday in a broad swath of the country, from the Plains and Midwest to the East Coast. Join thousands of traders who make more informed decisions with our premium features.

Billionaires Loeb, Asness Blast Cathie Wood’s Investing Strategy

U.S. equities posted solid gains, adding to yesterday’s advance, amid some upbeat earnings results and economic data. Dow member Nike rallied after easily topping profit projections and raising its full-year revenue outlook, while FedEx rose after exceeding earnings estimates and announcing a larger-than-expected outlook for cost reductions. stock market news today Treasury yields were mixed, and the U.S. dollar traded to the upside, while crude oil prices were higher, and gold slipped. In economic news, Consumer Confidence unexpectedly jumped to an eight-month high, while housing data showed existing home sales dropped more than expected, and mortgage applications rose for a second-straight week.

AMC abandons talks to acquire bankrupt Cineworld’s theaters

Build protection into your financial strategy and help preserve your lifestyle and emotional Electronic Arts stock price well-being. Market volatility is normal, yet unpredictable and emotional.

Market Data

Sales in all four major U.S. regions were down m/m and compared to last year. Markets opened in the green on Wednesday as investors remained optimistic following upbeat earnings reports, even in the face of a possible recession. The NYSE is where companies raise capital https://dotbig.com/markets/stocks/EA/ that they use to shape the future. As we’ve grown, our community has expanded to include leaders across sectors, and we strive to help make connections, facilitate conversations, and advance the interests of our listed companies and a broad range of investors.



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