Charts suggest investors should bet on Dow Jones Industrial Average ‘workhorses’, says Jim Cramer

Charts suggest investors should bet on Dow Jones Industrial Average ‘workhorses’, says Jim Cramer

On Friday, CNBC’s Jim Cramer told investors to avoid Nasdaq Composite stocks and place their bets on names listed in the Dow Jones Industrial Average. “Even though tech started the new year well and it was crazy today, the rankings, as interpreted by Larry Williams, say be a little wary of the Nasdaq show horses … Read more

PCE data shows further decline in Fed’s favorite inflation gauge

PCE data shows further decline in Fed’s favorite inflation gauge

Text size The Fed is closely monitoring labor market tensions as a barometer of the health of the US economy. Above, a worker at Chick-fil-A in Texas. Brandon Bell/Getty Images The Federal Reserve’s preferred measure of inflation rose 4.4% annually in December, from 4.7% in November, the latest sign that the era of scorching prices … Read more

Intel, Chevron, American Express, Silvergate and more

Intel, Chevron, American Express, Silvergate and more

Intel said on April 5, 2022 that it had suspended all business operations in Russia. Pictures by Paco Freire/Sopa | Light flare | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares early in the morning after its latest financial results missed … Read more

Asia-Pacific stocks rise as Tokyo inflation nears 42-year high

Asia-Pacific stocks rise as Tokyo inflation nears 42-year high

Adani shares plunge further for second straight day of losses Shares of Adani Group companies continued to post steep losses for a second consecutive trading session in India after short-selling firm Hindenburg announced its short position in the conglomerate companies earlier this week. Adani refuted the allegations in two separate statements, adding that the group … Read more

Adani shares fall further as they consider legal action against Hindenburg

Adani shares fall further as they consider legal action against Hindenburg

Adani Group Chairman and Founder Gautam Adani during the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindustan Times | Hindustan Times … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Stock futures fall after Dow Jones posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Chevron, Tesla, Seagate Technology, United Rentals and more

Chevron, Tesla, Seagate Technology, United Rentals and more

Find out which companies are making headlines in the midday business. Seagate Technology – Shares of the data storage company jumped more than 10% a day after Seagate recorded beatings up and down for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings … Read more

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

The Nasdaq Composite rose on Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest batch of corporate earnings. The tech-heavy index jumped 1.2%, while the Dow Jones Industrial Average traded 104 points, or 0.3%, higher. The S&P 500 rose 0.6%. GDP data released Thursday showed the economy grew at an annualized … Read more

US GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

US GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

The U.S. economy ended 2022 in great shape, although questions persist about whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-December period, rose at an annualized rate of 2.9%, the Commerce Department reported Thursday. Economists polled by Dow Jones had … Read more