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Posts published in “Finance”

S&P 500 ends 3-day losing streak. Dow jumps 700 points after Powell signals smaller rate hikes

Indexes close higher following afternoon rallyAll three indexes ended higher Wednesday, coming off a rally on the back of Fed Chair Jerome Powell's comments.The Dow closed up 737.24 points, or 2.18%, to 34,589.77. Meanwhile, the Nasdaq Composite jumped 4.41% to 11,468.00. The S&P 500 added 3.09% to 4,080.11.That marked a reversal from earlier in the…

Dow closes more than 150 points higher. Stocks notch gains for holiday week

The Dow Jones Industrial Average rose Friday, notching a gain during the holiday-shortened trading week.The Dow rose 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session of gains. The S&P 500 fell 0.03% to end the day at 4,026.12. The Nasdaq Composite slipped 0.52% to 11,226.36, weighed down by shares of Activision Blizzard,…

Foxconn offers to pay workers to leave world’s largest iPhone factory after violent protests

Video shows workers clash with police at world's largest iPhone assembly factory 01:30 - Source: CNN Hong Kong CNN Business  —  Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces…

Peloton shares tumble after company offers weak holiday quarter outlook

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue.The company's shares fell nearly 10% in morning trading Thursday. As…

Stocks slip on Monday as Dow looks to close out its best month since 1976

Stock close lower, but finish October with gainsStocks finished Monday's session lower, but posted strong gains for October.The Dow Jones Industrial Average fell 128.85 points, or 0.39%, to settle at 32,732.95. The S&P 500 shed 0.75% to finish at 3,871.98, while the Nasdaq Composite tumbled 1.03% to 10,988.15.For the month, the Dow gained 13.95%, while…

Stocks making the biggest moves premarket: Meta, Ford, Honeywell, Caterpillar & more

A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022.Brittany Hosea-Small | ReutersCheck out the companies making headlines before the bell.Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64…