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Stocks finish mixed as investors evaluate deluge of earnings | January 25, 2023

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This segment originally aired on July
#stockstowatch #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto

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U.S. stocks clawed back from steep losses to close mixed on Wednesday after lackluster forecasts from Microsoft (MSFT) and other companies reporting earnings weighed on the market for much of the session.

The S&P 500 (^GSPC) was just below flat, while the Dow Jones Industrial Average (^DJI) turned positive, capping the day just above breakeven. The technology-heavy Nasdaq Composite (^IXIC) was off by 0.2%.

Investors continued to barrel through a mild earnings season, with reports from names including Tesla (TSLA), IBM (IBM), and AT&T (T) all in the queue for Wednesday.

Microsoft’s stock was down just 0.6% after falling nearly 4% intraday after the company issued a weak earnings outlook. Results for the last quarter showed its cloud business slowed, offsetting optimism around earnings that came in better than expected. Its results come after the megacap giant last week laid off roughly 10,000 workers, citing a push into AI.

Separately, Microsoft experienced a global network outage Wednesday morning in its cloud platform Azure, along with offerings including Teams and Outlook.

Elsewhere in stock moves, Texas Instruments (TXN) shares dropped 1.1% after the chipmaker posted its worst sales decline since 2020, while revenue fell to $4.17 billion from $4.53 billion. Other semiconductors also fell following the results.

“As we expected, our results reflect weaker demand in all end markets with the exception of automotive,” CEO Rich Templeton said in the company’s earnings statement.

Shares of Fox (FOX) and News Corp. (NWSA) rose 2.3% and 5.7%, respectively, after media mogul Rupert Murdoch scrapped plans for a proposed Fox-News Corp merger. The companies were separated a decade ago.

Despite Wednesday’s declines and a few other downbeat sessions this year, stocks have been on an upward path in the first few weeks of January. Gains have been especially focused across technology stocks, with the Nasdaq Composite up around 8% to date.

“So far, price action in January 2023 bears an eerie resemblance to that in July 2022 when risk assets rallied and rates fell as investors bought into the idea of a ‘soft landing’ – the notion that slowing growth would slow inflation and obviate the need for further Fed hikes,” Gargi Chaudhuri, head of iShares investment strategy, Americas at BlackRock said in a note. “That argument faded and price action reversed as the Fed held firm and went on to hike policy rates by 75 basis points in September.”

“Fast forward to now, many investors once again seem convinced that inflation is all but beaten and that slower growth will not only obviate the need for further hikes, but even allow the Fed to cut rates before the end of the year,” she added.

Despite messaging from Federal Reserve policymakers that interest rates will rise above 5%, markets are pricing in a lower terminal rate as they anticipate a downshift to 25-basis points at the next meeting Jan. 31-Feb. 1.

The CME FedWatch Tool, a tool that gauges investor expectations for rates and U.S. monetary policy, shows markets are pricing in a 98.1% chance of a 0.25% increase next week — down slightly from as high as 99.8% earlier this week.

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Cardboard, champagne, cosmetics: Which products are the best recession indicators?

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May 17, 2024

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#recession #youtube #inflation
Consumer prices rose 0.1% in March from the prior month, a smaller increase than economists predicted. This is a positive sign that prices are cooling across the U.S., but it’s too soon to know if prices will drop enough to satisfy the Federal Reserve. Many investors and economists are bracing for a recession. The traditional definition of a recession is two consecutive quarters of negative GDP growth. But there are some other unconventional indicators that can give some clues about the health of the economy. Yahoo Finance’s Seana Smith and Dave Briggs break down three unique measures of recession.
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00:00:04 March CPI data
00:00:21 Definition of recession
00:00:37 Cardboard box indicator
00:01:42 Champagne index 00:03:28 Lipstick index
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Fed ‘willing to inflict more pain’ to bring down inflation, economist says

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May 17, 2024

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#FederalReserve #inflation #yahoofinance
BMO Capital Markets Senior Economist Jennifer Lee joins Yahoo Finance Live anchors Brian Sozzi and Brad Smith to discuss the Fed’s continued hawkishness, global markets, inflation, rate hikes, and the outlook for the economy.
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The content discusses the importance of integrating technology in education to enhance learning outcomes. It emphasizes the need for teachers to have proper training in utilizing technology effectively in the classroom. The benefits of incorporating technology in education include increased engagement, personalized learning experiences, and improved collaboration among students. The article also highlights the potential challenges of technology integration, such as lack of teacher preparation and access to resources. Overall, the integration of technology in education is seen as a valuable tool to enhance teaching and learning experiences for students.

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Crypto regulation: There’s ‘fatigue coming’ to Senate hearings, Kevin O’Leary says

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May 17, 2024

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O’Leary Ventures Chairman Kevin O’Leary joins Yahoo Finance Live to discuss crypto regulation, crypto crackdown pressures, investor sentiment, the collapse of FTX, the recent wave of AI interest, and how U.S. businesses can take advantage of the employee retention credit.

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Crypto: Bitcoin falls by up to 30% since May inflation report

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May 17, 2024

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#bitcoin #crypto #YahooFinance
Yahoo Finance’s David Hollerith discusses the decline in bitcoin, Celsius pausing accounts amid the sell-off, and the outlook for crypto.
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The content discusses the benefits of practicing mindfulness, including improved focus, reduced stress, and enhanced overall well-being. Mindfulness involves being fully present in the moment and paying attention to thoughts, emotions, and sensations without judgment. Studies have shown that mindfulness can lead to better decision-making, increased self-awareness, and improved mental health. The practice of mindfulness can be cultivated through various techniques such as meditation, deep breathing, and body scans. Incorporating mindfulness into daily life can result in greater clarity, resilience, and a deeper sense of connection with oneself and others.

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Doctor details 3 questions to ask about any new COVID-19 variant

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May 17, 2024

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#COVID #Variant
Dr. Taison Bell, Assistant Professor of Medicine in the divisions of Infectious Disease and Pulmonary/Critical Care Medicine at the University of Virginia, joins Yahoo Finance Live to discuss vaccine efficacy on Omicron, how the U.S. has not reached an endemic, future waves and subvariants, and COVID relief funding from the White House.

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