Stock Market Overview
Thu, Apr 18th, 2024
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Stocks Finish Lower on Hawkish Fed and Rising Bond Yields
Barchart - Thu Apr 18, 3:41PM CDT
The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.57%.Â
US stock indexes gave up early gains on Thursday and settled mixed, with the S&P 500 and Nasdaq 100 posting 1-3/4 month lows. Rising T-note yields on Thursday pressured stocks. Hawkish Fed comments pushed bond yields higher and undercut stocks when NY Fed President Williams and Atlanta Fed President Bostic said the Fed is in no hurry to lower interest rates. Also, weakness in chip stocks for the second session weighed on the overall market.Â
Stocks found some support on Thursday’s mostly better-than-expected US economic reports, which bolstered the prospects for a soft landing. Also, Thursday's better-than-expected quarterly earnings from Elevance Health boosted health insurance stocks and kept the Dow Jones Industrials in positive territory.Â
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Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
AP - 1 hour ago
Asian stocks have tumbled, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights
3 Energy Dividend Stocks Leading the S&P 500 Higher
Barchart - Thu Apr 18, 6:30PM CDT
These three energy dividend stocks have outperformed the S&P 500 on a year-to-date basis, and rank among the index's top 20 performers of 2024 so far.
Google fires 28 workers in aftermath of protests over big tech deal with Israeli government
AP - Thu Apr 18, 6:18PM CDT
Google has fired 28 employees in the aftermath of protests over technology that the internet company is supplying the Israeli government amid the Gaza war, further escalating tensions surrounding a hot-button...
Netflix’s financial report highlights the success of the streaming service
Due Inc. - Thu Apr 18, 6:02PM CDT
Netflix’s financial report highlights that 9.33 million subscribers have joined the streaming service. Today, Netflix reported its first-quarter earnings report, and there is a lot for the content giant...
Legislation that could force a TikTok ban revived as part of House foreign aid package
AP - Thu Apr 18, 5:57PM CDT
Legislation that could ban TikTok if its China-based owner doesn’t sell its stake has won a major boost as House Republicans included it in a package of bills that would send U.S. aid to Ukraine and...
Netflix's Strategic Shift Amid Soaring Subscriptions Sparks Investor Debate
Quiver Quantitative, Inc. - Thu Apr 18, 5:54PM CDT
Netflix (NFLX) reported an impressive start to 2024, seeing a significant surge in subscriber growth that exceeded market expectations. In the first quarter, the streaming giant added 9.33 million subscribers,...
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