Stock market today: Dow aims for 6th day of gains while Nasdaq slips
==========
US stocks were mixed on Wednesday as investors weighed a fresh batch of earnings reports and the possibility of a corporate America-spurred revival. The Dow Jones Industrial Average rose 0.3%, while the S&P 500 ticked down just below the flat line. The tech-heavy Nasdaq Composite edged down about 0.2%. Federal Reserve policymaker Neel Kashkari signaled that rates are likely to stay at historic highs for a while, dampening the rally. Uncertainty about corporate earnings also gave some investors pause. Uber's forecast for a key bookings metric missed the mark, while Shopify shares plunged after forecasting its slowest quarterly revenue growth in two years. Quarterly updates from AMC Entertainment and Robinhood will be watched for signs of a meme stock-like surge. Warner Bros. Discovery will report first-quarter earnings, with investors closely watching for updates on NBA media rights. The Atlanta Fed GDPNow indicator projects 4.2% economic growth in Q2, up from a prior forecast of 3.3%. Reddit stock rose after its first-ever quarterly earnings report, while Tesla slid after reports of a DOJ probe into securities or wire fraud. US stocks opened lower, and the 10-year Treasury yield edged higher. Reddit's quarter showed adjusted operating profitability for the first time, low capital expenditures, accelerating international sales, and favorable ad market commentary.
#StockMarket #DowJones #Nasdaq #EarningsReports #FederalReserve #InterestRates #CorporateEarnings #Uber #Shopify #AmcEntertainment #Robinhood #WarnerBrosDiscovery #NbaMediaRights #AtlantaFedGdpnow #Reddit #Tesla #DojProbe #10yearTreasuryYield
https://finance.yahoo.com/news/live/stock-market-today-dow-aims-for-6th-day-of-gains-while-nasdaq-slips-121113345.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-08 21:11:47
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-08 21:11:47Event JSON
{
"id": "9dd2f3be50f3dedbcfcb12713335fbee48e6c5138c2ad04b6133e3a81373fd20",
"pubkey": "93f3a15c67502a1e8d49ae703d784c93feb61c0800cec8ffee565ba031a3dd53",
"created_at": 1715195507,
"kind": 1,
"tags": [],
"content": "Stock market today: Dow aims for 6th day of gains while Nasdaq slips\n==========\n\nUS stocks were mixed on Wednesday as investors weighed a fresh batch of earnings reports and the possibility of a corporate America-spurred revival. The Dow Jones Industrial Average rose 0.3%, while the S\u0026P 500 ticked down just below the flat line. The tech-heavy Nasdaq Composite edged down about 0.2%. Federal Reserve policymaker Neel Kashkari signaled that rates are likely to stay at historic highs for a while, dampening the rally. Uncertainty about corporate earnings also gave some investors pause. Uber's forecast for a key bookings metric missed the mark, while Shopify shares plunged after forecasting its slowest quarterly revenue growth in two years. Quarterly updates from AMC Entertainment and Robinhood will be watched for signs of a meme stock-like surge. Warner Bros. Discovery will report first-quarter earnings, with investors closely watching for updates on NBA media rights. The Atlanta Fed GDPNow indicator projects 4.2% economic growth in Q2, up from a prior forecast of 3.3%. Reddit stock rose after its first-ever quarterly earnings report, while Tesla slid after reports of a DOJ probe into securities or wire fraud. US stocks opened lower, and the 10-year Treasury yield edged higher. Reddit's quarter showed adjusted operating profitability for the first time, low capital expenditures, accelerating international sales, and favorable ad market commentary.\n\n#StockMarket #DowJones #Nasdaq #EarningsReports #FederalReserve #InterestRates #CorporateEarnings #Uber #Shopify #AmcEntertainment #Robinhood #WarnerBrosDiscovery #NbaMediaRights #AtlantaFedGdpnow #Reddit #Tesla #DojProbe #10yearTreasuryYield\n\nhttps://finance.yahoo.com/news/live/stock-market-today-dow-aims-for-6th-day-of-gains-while-nasdaq-slips-121113345.html",
"sig": "18be7adab864bae6b8f1cd8b7c7c96a3e8905ecfbf8d70e026d0a691e8ee9f84c4d2c36b642c7075321d8c1c4aebc3e43129eb1dec8071a78191ee50853463eb"
}