D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this year, tend to rebound sooner and more sharply than the broader market. Shares of Lennar rose about 2%, while
The US stock markets ended the session up, on a day marked by high volatility, with the main indexes alternating between gains and losses. The Fed meeting that takes place on Wednesday dominates the attention of investors. Wall Street‘s main indexes closed higher on Monday
The New York stock market closed higher on Wednesday, and the Dow Jones, the main gauge, rose 0.10%, recovering slightly from the sharp fall after the publication of the August inflation rate in the US, which slowed less than expected. The session’s final results indicate
The person in charge reportedly fell from a skyscraper in Manhattan having caused his own death. The furniture and decoration chain has been going through difficulties and a lot of volatility in the financial markets. Bed Bath & Beyond confirmed this Sunday that Gustavo Arnal,
Worries about the global economic slowdown weigh on investor sentiment. Indices continue to fall. September kicks off with Wall Street in negative territory, extending losses after the three major benchmark indices recorded their worst August in seven years. Investors digest weak data on industrial activity
The S&P 500 and the Dow Jones managed to return to gains this session, breaking the cycle of four down sessions they were experiencing. The tech Nasdaq, meanwhile, closed in the red again, with losses at Nvidia, which saw U.S. authorities restrict sales to China.
U.S. stocks closed lower on Monday, adding to last week’s sharp losses on nagging concerns about the Federal Reserve’s determination to aggressively hike interest rates to fight inflation even as the economy slows. The Dow Jones Industrial Average fell 184.41 points, or 0.57 percent,
Check out the companies making headlines after the bell: Chewy shares slumped 8% after hours as the company missed Wall Street’s revenue estimates for the recent quarter and shared a disappointing forecast for the current period and full year. The online pet retailer also shared
Federal Reserve Chair Jerome Powell has sent the right message to markets about the central bank’s resolve in tamping down inflation, according to top economist Mohamed El-Erian who also Powell’s Jackson Hole speech failed to address past policy mistakes. Fed Chair Powell “finally sent the
Shares of Twitter Inc. fell 1.4% toward a five-week low in premarket trading Tuesday, after Tesla Inc. Chief Executive Elon Musk sent a letter “formally notifying” Twitter that he was terminating the merger deal, for different reasons than those given in the July 8 termination