Stock Market Overview
Wed, May 8th, 2024
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Stocks Waver on Higher Bond Yields and Mixed Corporate Earnings
Barchart - Wed May 8, 4:12PM CDT
The S&P 500 Index ($SPX) (SPY) Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.04%.Â
US stock indexes Wednesday settled mixed, with the Dow Jones Industrials posting a 1-month high. Hawkish Fed comments and higher bond yields Wednesday weighed on stocks. Mixed earnings results limited the upside in stocks on Wednesday.Â
On the positive side, Vistra Corp closed up more than +9% after reporting better-than-expected Q1 adjusted Ebitda. Also, Lyft rose more than +6% after reporting better-than-expected Q1 gross bookings and forecasting Q2 gross bookings above consensus. In addition, Arista Networks closed up more than +5% after reporting stronger-than-expected Q1 adjusted EPS.Â
On the negative side, Uber Technologies fell more than -5% after reporting Q1 gross bookings below the consensus and forecasting weaker-than-expected Q2 gross bookings. Also, Match Group closed... Read more
2 High-Yield Dividend Stocks to Buy Before Memorial Day
Barchart - 45 minutes ago
With the forecast calling for strong travel demand this summer, these two dividend-paying stocks stand to benefit from the trend.
Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
AP - 1 hour ago
Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices
Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales
AP - 1 hour ago
Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger just hitting U.S. shelves will help reignite weak sales
Airbnb shares slide on lower revenue forecast despite a doubling of net income
AP - Wed May 8, 4:56PM CDT
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
AP - Wed May 8, 4:49PM CDT
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to...
Universal Technical Institute (NYSE:UTI) Surprises With Q1 Sales, Full-Year Sales Guidance Is Optimistic
StockStory - Wed May 8, 4:31PM CDT
Universal Technical Institute (NYSE:UTI) Surprises With Q1 Sales, Full-Year Sales Guidance Is Optimistic
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