vendredi 20 janvier 2023

Netflix, Apple drive broad stock gains

  • Netflix, Apple drive broad stock gains

    U.S. stocks rallied on Friday helped by large cap tech including Netflix, which boasted strong quarterly subscriber growth, and Google, which announced it will cut 12,000 workers. In commodities, oil rose over 1% to $81.31 per barrel. Still, stocks ended the week mixed.

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Stocks waffle heading for weekly losses

  • Stocks waffle heading for weekly losses

    U.S. stocks struggled for direction on Friday as corporate layoffs continue to rise after Google became the latest company to announce cuts joining Amazon and Microsoft. Netflix shares bucked the downtrend with gains after quarterly subscriber numbers blew past estimates. In commodities, oil topped the $80 per barrel level, while gold traded firmly above the $1,900 an ounce level.

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Google parent company Alphabet to cut 12,000 jobs

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jeudi 19 janvier 2023

Dow turns negative for year as stocks slide for third day

  • Dow turns negative for year as stocks slide for third day

    U.S. stocks fell for the third consecutive session as investors digested mixed corporate earnings and weaker data on future homebuilding. In commodities, oil rose 1% to $80.33 per barrel after encouraging data coming out of China. Home Depot, Caterpillar and 3M led the drop which pushed the Dow into negative territory for the year. UnitedHealth and Merck held onto gains.

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mercredi 18 janvier 2023

Stocks sink as Dow sheds 613 points

  • Stocks sink as Dow sheds 613 points

    All three of the major U.S. averages fell over 1% after retail sales dropped, suggesting the consumer is pulling back on spending amid the inflation crunch. Additionally, Microsoft and Amazon confirmed thousands of job cuts fueling recession fears. In commodities, oil rose 0.8% to $79.48 per barrel.

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Dow tumbles 400 points on weak retail sales

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Wholesale inflation falls more than expected in December

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Netflix, Apple drive broad stock gains

Netflix, Apple drive broad stock gains U.S. stocks rallied on Frida...