How major US stock indexes fared Monday 11/21/2022
November 21, 2022 GMTStocks ended lower on Wall Street at the beginning of a holiday-shortened week.
The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1%.
Deflated: falling valuations drag stock prices down to earth
November 10, 2022 GMTStock valuations are falling fast, giving investors a potential opportunity to snap up stocks that may have been overvalued just a year ago.
Take industrial bellwether Caterpillar Inc. Last year the Illinois-based heavy machinery manufacturer was trading at 27 times earnings — that is, the price investors paid for one share of Caterpillar was 27 times its earnings per share, a valuation known as price-to-earnings.
On Wall Street, extreme punishments for weak profit reports
November 3, 2022 GMTNEW YORK (AP) — When it comes to meeting Wall Street’s expectations for profit and sales, it’s put-up-or-get-beat-up time for CEOs.
It hasn’t happened very often, but when companies have turned in both weaker profits and sales this reporting season than analysts expected, investors have walloped them with record-sized punishments for their stock prices.
Asian shares mostly higher, echoing Wall Street rebound
August 16, 2022 GMTTOKYO (AP) — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China.
The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained in morning trading.
Alibaba and Tencent stocks plunge after latest fines
July 11, 2022 GMTHONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules.
Pay for female CEOs rose 26% in 2021, but ranks remain small
May 26, 2022 GMTNEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.
Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press.
Asian stocks mixed after Fed confirms rate hike plans
May 26, 2022 GMTBEIJING (AP) — Asian stock markets were mixed Thursday after notes from the Federal Reserve's latest meeting confirmed expectations for more interest rate hikes but contained no surprises to rattle investors.
Stock market slump unsettling Americans eying retirement
May 24, 2022 GMTAmericans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working.
A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s.
Kohl’s shareholders reject board nominees pushed by activist
May 11, 2022 GMTNEW YORK (AP) — Kohl's shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board.
The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders' meeting.
GameStop is surging again on first stock split in 15 years
April 1, 2022 GMTShares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years.
The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in the form of a dividend.
Alibaba raises buyback to $25B to boost slumping stock
March 22, 2022 GMTBEIJING (AP) — Alibaba Group, the world's biggest e-commerce company, increased a share buyback to $25 billion from $15 billion on Tuesday to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries by launching regulatory crackdowns.
Asian stocks follow Wall Street higher after Fed rate hike
March 17, 2022 GMTBEIJING (AP) — Asian stock prices surged for a second day Thursday after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries.
Stocks are cheaper, if not cheap, coming off bubble warnings
February 24, 2022 GMTNEW YORK (AP) — Sometimes a 10% drop in price can mean a discount that’s even bigger than that.
Stock prices have tumbled 10% since the S&P 500 set its record high early this year, hurt by worries about interest rates, inflation and conflict in Ukraine.
Asian stocks rebound after Wall St falls on Ukraine tensions
February 23, 2022 GMTBEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street slid on anxiety over President Vladimir Putin's authorization to send Russian soldiers into eastern Ukraine.
Asian stocks mixed after Wall St falls amid rate hike unease
February 8, 2022 GMTBEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up the withdrawal of economic stimulus.
Asian shares shrug off tech-led selloff on Wall Street
February 4, 2022 GMTBANGKOK (AP) — Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street.
Hong Kong jumped 2.6% after reopening from Lunar New Year holidays.
Snap stock soars 58% after posting profit for 1st time
February 4, 2022 GMTInvestors are snapping up shares of Snap Inc. after the owner of the disappearing message platform Snapchat surprised Wall Street by posting a quarterly profit for the first time.
Business Highlights: Meta’s stock tanks, Wall Street follows
February 3, 2022 GMT___
Meta, formerly Facebook, faces historic drop as stock tanks
SAN FRANCISCO (AP) — Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall Street is spooked.
How major US stock indexes fared Thursday
February 3, 2022 GMTA historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market.
The wipeout in Meta Platforms, as Facebook’s owner is now known, erased more than $230 billion in market value, easily the biggest one-day loss in history for a U.S.
Asian stocks follow Wall St higher with China, Korea closed
February 2, 2022 GMTBEIJING (AP) — Stock prices in Tokyo and Sydney followed Wall Street higher Wednesday while China, South Korea and Southeast Asian markets were closed for the Lunar New Year.
Wall Street's benchmark S&P 500 index gained 0.7% on Tuesday, boosted by gains for energy and tech stocks in a late burst of buying.
Asian stocks follow Wall St higher at start of holiday week
January 31, 2022 GMTBEIJING (AP) — Asian stocks followed Wall Street higher Monday at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday.
Benchmarks in Tokyo and Hong Kong advanced while Sydney declined.
Kohl’s confirms approach about potential acquisition
January 24, 2022 GMTNEW YORK (AP) — Kohl’s confirmed that it has been approached about a possible sale of the department store chain, sending shares up more than 30% in early trading Monday.
The company said that it would not comment further, but its confirmation follows media reports that the private equity firm Sycamore Partners had approached Kohl’s about a potential deal.
Asian stocks follow Wall St lower after Fed rates signal
January 6, 2022 GMTBEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after investors saw minutes from a Federal Reserve meeting as a sign the U.S. central bank might hike interest rates faster to cool inflation.
Asian markets rise as investors wait for U.S. inflation
December 9, 2021 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve's decision on when to roll back economic stimulus.
Wall Street balks as Fed signals party’s ending, but is it?
December 2, 2021 GMTNEW YORK (AP) — The Federal Reserve's job, its longest-serving chairman once said, is to “take away the punch bowl just as the party gets going,” and that's exactly the message Wall Street took from comments by current Chair Jerome Powell this week.
Asian stocks down after Fed says ready to act on inflation
November 25, 2021 GMTBEIJING (AP) — Asian stock markets fell Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation.
Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined.
Disappearing shorts: As stocks soar, skeptics surrender
November 11, 2021 GMTNEW YORK (AP) — The skeptics on Wall Street have gone missing.
As the stock market has surged to records — unbowed by recession, pandemic or warnings of a dangerous bubble — activity has dwindled to a nearly two-decade low for the traders known as short sellers, who make their money betting stocks will fall.
Asian stocks fall after Australia inflation accelerates
October 27, 2021 GMTBEIJING (AP) — Asian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week.
How major US stock indexes fared Tuesday
October 26, 2021 GMTStocks held on to modest gains on Wall Street Tuesday, pushing the S&P 500 and the Dow Jones Industrial Average further into record heights.
The Nasdaq also rose as technology stocks gained ground.
‘Make-or-break quarter’ on Wall Street as earnings roll in
October 14, 2021 GMTNEW YORK (AP) — Crunch time is coming to Wall Street.
Throughout this gilded year for investors, growth has kept accelerating for all kinds of forces that boost stock prices, sending the S&P 500 to more than 40 records.
Global stocks rise ahead of closely watched US hiring data
October 8, 2021 GMTBEIJING (AP) — Global stock markets rose as investors waited for U.S. jobs data Friday that might influence a Federal Reserve decision on when to roll back stimulus after lawmakers averted a possible government debt default.
Global stock markets rise after weak US hiring data
September 6, 2021 GMTBEIJING (AP) — Global stock markets and Wall Street futures rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
Asian stock markets rise after weak US hiring data
September 6, 2021 GMTBEIJING (AP) — Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices.
Asian markets gain ahead of US report on August employment
September 2, 2021 GMTBEIJING (AP) — Asian stocks rose Thursday as investors waited for U.S. jobs data that might influence when the Federal Reserve starts to wind down its stimulus.
Shanghai, Tokyo and Hong Kong, which are the bulk of Asian market capitalization, advanced.
EXPLAINER: Risks underlie tumbling Chinese company shares
July 28, 2021 GMTBEIJING (AP) — Foreign shareholders in China’s tech companies are learning what its entrepreneurs have long known: The ruling Communist Party’s decisions about what is good for the economy can hurt your business.
As stock prices peak, markets begin to fear looming threats
July 16, 2021 GMTNEW YORK (AP) — With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an anxious question: Is it all downhill from here?
Financial markets are always trying to set prices now for where the economy and corporate profits are likely to be in the future.
White-knuckle thriller for AMC as it sells stock into frenzy
June 3, 2021 GMTGot your popcorn? The wild ride for the summer's blockbuster stock, AMC Entertainment, got even crazier on Thursday.
The movie-theater company's stock plunged nearly 40% in the morning after it announced plans to sell 11.6 million shares to raise cash, while warning buyers they could lose all their investment.
With AMC shares up 1,100% in 2021, company sells shares
June 1, 2021 GMTThe movie theater chain AMC is raising $230.5 million through an 8.5 million share sale, cashing in on the meme stock frenzy that has sent its stock price up more than 1,100% this year.
Theaters and other beleaguered industries like restaurants and concert venues are anticipating the return of crowds over the next few months with the massive U.S.
A year after stocks soared, CEOs must show it was warranted
April 15, 2021 GMTNEW YORK (AP) — It's time to show the receipts, CEOs.
For more than a year, investors have been pushing up stock prices, even though the pandemic caused profits to crater for companies...
S&P 500 returns to a record high after best day in weeks
March 26, 2021 GMTNEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and avoid what could have been a second straight weekly loss...
Asian stocks follow Wall St higher after tech rally
March 10, 2021 GMTBEIJING (AP) — Asian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies...
J&J beats 3Q net views, hikes 2020 forecast, but shares fall
October 13, 2020 GMTDespite the coronavirus pandemic hurting sales of most of its products, Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a huge litigation charge in the year-ago quarter.
Asian stocks follow Wall Street higher on stimulus hopes
October 9, 2020 GMTBEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U...
Soaring wealth during pandemic highlights rising inequality
September 21, 2020 GMTWASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March.
Gold surges, Asian stocks mixed amid US-China feud, pandemic
July 27, 2020 GMTBEIJING (AP) — Asian stock markets were mixed and gold surged to a record price Monday amid U.S.-China tensions and concern a recovery from the coronavirus pandemic might be weakening...
Asian stock prices rebound after Wall Street slips
July 17, 2020 GMTBEIJING (AP) — Asian stock markets were mostly higher Friday after Wall Street closed lower amid uncertainty about the U...
Asian stocks sink after Wall St losses on economy worries
July 10, 2020 GMTBEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries...
Stocks open about 1% higher on Wall Street in more volatile trading amid uncertainty over economic pain of coronavirus
March 30, 2020 GMTNEW YORK (AP) — Stocks open about 1% higher on Wall Street in more volatile trading amid uncertainty over economic pain of coronavirus.
Wall Street circuit breakers trip; markets, crude plunge
March 10, 2020 GMTNEW YORK (AP) — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week...
Markets want Fed to save them. Why its tools might not work.
March 1, 2020 GMTNEW YORK (AP) — As stocks around the world tumble on worries about a fast-spreading virus, investors have been clamoring for the superheroes of the financial world to ride to the rescue once again...
J&J bolts higher after verdict in Oklahoma opioid case
August 27, 2019 GMTJohnson & Johnson investors exhaled in relief Tuesday, pushing up the company's shares after an Oklahoma judge imposed a $572 million verdict for the health care giant's role in the nation's opioid crisis...
Q&A: Stocks soar while bonds are signaling gloom. What’s up?
June 21, 2019 GMTNEW YORK (AP) — Why is the stock market so happy and the bond market so gloomy?
Just as the S&P 500 was setting a record high Thursday, bond yields were tumbling to their lowest levels since Donald Trump was elected...
CEOs get $800,000 pay raise, leaving workers further behind
May 24, 2019 GMTNEW YORK (AP) — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got...
Jittery Wall Street has a lot ahead to be nervous about
January 7, 2019 GMTNEW YORK (AP) — Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam...
US average mortgage rates fall; 30-year loan at 4.75%
December 6, 2018 GMTWASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid a steep decline in stock prices...
Markets Q&A: Stocks stabilize, but can investors relax?
February 14, 2018 GMTNEW YORK (AP) — Is it safe to come out now?
The stock market has found firmer footing following its breathtaking drop earlier this month, when the S&P 500 lost 10...
Why prospect of higher budget gaps is spooking stock market
February 9, 2018 GMTWASHINGTON (AP) — The stock market may be firing off warning shots to the Trump administration and Congress about their plans to blow up the size of the federal deficit...
Why Trump has little influence on rising or falling stocks
February 6, 2018 GMTWASHINGTON (AP) — For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high.
What a difference a few days can make.
The market free-fall, explosive volatility and now partial recovery of stock prices have served as a stark reminder that Trump, like his predecessors, isn't commander in chief of the U.S.
Markets waited a while for a pullback. Then, pow!
February 6, 2018 GMTNEW YORK (AP) — The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come...
Stocks sag following disappointing profit reports
July 28, 2017 GMTNEW YORK (AP) — Stock markets around the world sagged on Friday after Amazon and other big companies reported quarterly results that underwhelmed investors.
The Standard & Poor's 500 index lost 3.32 points, or 0.1 percent, to 2,472.10 and closed a week packed with corporate earnings reports almost exactly where it started.