S&p 500, Nasdaq Finish Lower As Tech Stocks Drop

S&p 500, Nasdaq Finish Lower As Tech Stocks Drop

Even with these concerns, Kohl’s appears to be doing well with the offers it’s getting. It previously turned down one for $64 per share as too low. Now, the current reports claim that some bidders are willing to offer $70 per share for KSS stock. For the record, the company’s shares were trading at $36.18 when markets closed on Tuesday. Nevertheless, this reasoning — which is widely repeated — is but half the story. The other half, as I pointed out in a column six months ago, is that nominal corporate earnings per-share tend to grow faster when inflation is higher.

stock market news today

One way it did this was by purchasing Nasdaq’s fixed-income trading platform for $190 million last year — which served to increase clients’ access to different products while also reducing trading costs. This client-first mentality is why Tradeweb keeps grabbing a larger share of the markets it serves. Yahoo Finance https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work reporter Ines Ferre breaks down today’s market action as energy and consumer discretionary stocks keep markets in the green for May 25, 2022. Lingering investor concern over those factors dragged MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.54% after trading higher early in the morning.

Is Inflation Close To Peaking?

The Fed participants agreed to move “expeditiously” toward neutral, and said rates may have to be even higher than that to rein in inflation. But they also noted that moving swiftly in the short term would provide more flexibility to change course later this year. Early Thursday, LNG transporter Golar LNG reports earnings with shares near a buy point. GLNG stock rose 4.1% to 24.75, rebounding from its 50-day line. Golar is in a short consolidation that is on track to be a proper base after this week with 26.70 buy point. But investors could use a downward-sloping trendline or 25.10 — just above short-term highs — as early entries.

  • Sensex extended its decline for the third straight day, falling over 300 points amid a sell-off in IT stocks.
  • To show that an earnings recession doesn’t necessarily doom the stock market, consider the S&P 500’s SPX, +0.95%quarterly return when its earnings-per-share is falling.
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  • Visit Performance Disclosure for information about the performance numbers displayed above.

Intraday data delayed at least 15 minutes or per exchange requirements. The ‘Halftime Report’ investment committee — Karen Firestone, Steve Weiss, Joe Terranova and Pete https://dotbig.com/markets/stocks/BABA/ Najarian — discuss tech selling and whether the market is reaching a bottom. Investors buying the dip in stocks have rescued the S&P 500 from sharper declines recently.

Time To Upgrade!

US oil prices climbed 2.6% to settle at $49.78 a barrel. Crude is up seven days in a row, the longest win streak since July 2017. Trade-sensitive stocks like Boeing, Caterpillar and Apple all closed higher. Trade negotiations between Forex news the United States and China are expected to continue for a third day in Beijing on Wednesday. According to recent reports, Kohl’s is moving forward with these plans and is close to signing binding agreements with bidders.

stock market news today

If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in. The Nasdaq Alibaba stock remains below the 10-day moving average, making any FTD even more dubious. The overnight sell-off in Nvidia stock and Snowflake doesn’t bode well for techs on Thursday.

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