Latest news with #CBOEVolatilityIndex
Yahoo
a day ago
- Business
- Yahoo
Stock Market News for Aug 6, 2025
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after a slew of companies cited higher duties in their earnings reports, and weaker-than-expected economic data dented their sentiment. All three major indexes ended in negative territory. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) declined 0.1% or 61.90 points to close at 44,111.74 points. The S&P 500 shed 0.5%, or 30.75 points, to end at 6,299.19 points. Utilities and tech stocks were the worst performers. The Utilities Select Sector SPDR (XLU) lost 1.1%, while the Technology Select Sector SPDR (XLK) fell 0.8%. The Communication Services Select Sector SPDR (XLC) also declined 0.8%. Seven of the 11 sectors of the benchmark index ended in negative territory. The tech-heavy Nasdaq slid 0.7%, or 137.03 points, to finish at 20,916.55 points. The fear gauge CBOE Volatility Index (VIX) was up 1.88% to 17.85. Decliners outnumbered advancers on the NYSE by a 1.27-to-1 ratio. On the NYSE, there were 158 new highs and 67 new lows. On the Nasdaq, a 1.07-to-1 ratio favored declining issues as 2,216 stocks hit new highs and 2,365 hit new lows. A total of 16.29 billion shares were traded on Tuesday, lower than the last 20-session average of 18.33 billion. Weak Economic Data Reignite Slowdown Fears The last few days were volatile for Wall Street, with stocks taking a hit once again on Tuesday as concerns grew over the economy's health. New data suggest a slowing services sector, following the ISM Services index's flat reading in July. This raised fears of stagflation, given the weaker-than-expected jobs report released last week. Stagflation refers to a situation in which inflation is high while employment levels are low. The services sector accounts for nearly 70% of the U.S. economy and a slowdown could signal potential economic challenges ahead. This dented investors' sentiment, dragging down all three major indexes. Tariff Concerns Weigh on Markets Trump signed an executive order on Friday and slapped hefty tariffs on dozens of trading partners of the United States that sent stocks tumbling. On Monday, investors set aside those fears and started the week on a high. However, fears came haunting back after Trump told CNBC that tariffs on semiconductors and pharmaceuticals would soon be announced. Also, several companies that reported earnings over the past week have warned that tariffs could pose major challenges in the second half and impact revenues. On Tuesday, shares of Yum! Brands, Inc. (YUM), the parent company of KFC, declined 5.1% after it missed earnings estimates for the second quarter due to higher tariffs that prevented consumers from spending. Yum! Brands reported second-quarter 2025 earnings of $1.44 per share, missing the Zacks Consensus Estimate of $1.45 per share. The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Caterpillar Inc. (CAT) also missed earnings estimates for the second quarter and warned that tariffs are likely to hit the company hard in the second half of the year and cost up to $1.5 billion. Caterpillar reported second-quarter 2025 earnings of $4.72 per share, missing the Zacks Consensus Estimate of $4.88 per share. However, the company's shares ended 0.1% higher. Wall Street is going through the historically worst month for stocks. Data shows that August has been the worst month for the Dow since 1988 and the second-worst for the S&P 500 and the Nasdaq. Economic Data U.S. trade deficit narrowed 16% in June to $60.2 billion, more than analysts' expectations, the Commerce Department's Bureau of Economic Analysis reported on Tuesday. The report said that the trade deficit narrowed due to a sharp decline in imports of consumer goods. Also, the trade gap with China shrank to its lowest level in 21 years. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Yum! Brands, Inc. (YUM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Recorder
3 days ago
- Business
- Business Recorder
Wall Street springs higher after Friday's tumultuous selloff
Wall Street's main indexes rose on Monday, clawing back losses from the previous session's tumble as hopes for deeper Federal Reserve rate cuts surged in the wake of an unexpectedly weak jobs report. At 9:33 a.m. the Dow Jones Industrial Average rose 301.22 points, or 0.69%, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78%, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99%, at 20,855.25. A dismal U.S. jobs report hammered the S&P 500 on Friday, sending the index to its steepest intraday drop in more than two months, while downward revisions for May and June also compounded the blow. The bleak data did not just trigger the market selloff but also forced a dramatic rethink of the Fed's rate trajectory. Traders, who had been leaning toward another pause in September, are now seeing an 85% chance of a rate cut, as signs of a weakening labor market pile up. By the end of the year, markets expect at least two quarter-point cuts - a prospect that ultimately helped steady Wall Street. The CBOE Volatility Index, Wall Street's so-called fear gauge, fell to 18.45 points, after surging to an over one-month high during Friday's rout. Wall St selloff sparked by Trump tariffs, Amazon results, weak payrolls Investors also weighed Fed Governor Adriana Kugler's unexpected resignation that could open the door for President Donald Trump to put his stamp on the central bank's leadership sooner than expected. Trump, a vocal critic of the Fed's policy, has repeatedly threatened to oust Chair Jerome Powell. 'If we get to a point where Jerome Powell was pushed out earlier than he's expected to go anywhere, that is going to unsettle markets, and that is possibly the pill that they won't swallow,' said Danni Hewson, head of financial analysis at AJ Bell. Meanwhile, Tesla rose 2.6% after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with technology surging 1.1%, emerging as the top performer. Lyft gained 2.9% after partnering with China's Baidu to deploy robotaxis across Europe starting next year. U.S. factory orders data for June is due at 10:00 a.m. ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly, and Disney, will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6% have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 17.5% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 25.4%. Spotify gained 7.6% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 3.77-to-1 ratio on the NYSE and by a 3.02-to-1 ratio on the Nasdaq. The S&P 500 posted five new 52-week highs and no new lows, while the Nasdaq Composite recorded 29 new highs and 26 new lows.
West Australian
3 days ago
- Business
- West Australian
Wall St springs higher after tumultuous sell-off
Wall Street's main indexes have risen, clawing back losses from the previous session's tumble as hopes for deeper Federal Reserve rate cuts surged in the wake of an unexpectedly weak jobs report. In early trading on Monday, the Dow Jones Industrial Average rose 301.22 points, or 0.69 per cent, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78 per cent, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99 per cent, at 20,855.25. A dismal US jobs report hammered the S&P 500 on Friday, sending the index to its steepest intraday drop in more than two months, while downward revisions for May and June also compounded the blow. The bleak data did not just trigger the market selloff but also forced a dramatic rethink of the Fed's rate trajectory. Traders, who had been leaning toward another pause in September, are now seeing an 85 per cent chance of a rate cut, as signs of a weakening labour market pile up. By the end of the year, markets expect at least two quarter-point cuts - a prospect that ultimately helped steady Wall Street. The CBOE Volatility Index, Wall Street's so-called fear gauge, fell to 18.45 points, after surging to an over one-month high during Friday's rout. Investors also weighed Fed Governor Adriana Kugler's unexpected resignation that could open the door for President Donald Trump to put his stamp on the central bank's leadership sooner than expected. Trump, a vocal critic of the Fed's policy, has repeatedly threatened to oust Chair Jerome Powell. "If we get to a point where Jerome Powell was pushed out earlier than he's expected to go anywhere, that is going to unsettle markets, and that is possibly the pill that they won't swallow," said Danni Hewson, head of financial analysis at AJ Bell. Meanwhile, Tesla rose 2.6 per cent after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with technology surging 1.1 per cent, emerging as the top performer. Lyft gained 2.9 per cent after partnering with China's Baidu to deploy robotaxis across Europe starting next year. US factory orders data for June is due at 10:00 am ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly, and Disney, will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6 per cent have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 17.5 per cent after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 25.4 per cent. Spotify gained 7.6 per cent as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 3.77-to-1 ratio on the NYSE and by a 3.02-to-1 ratio on the Nasdaq. The S&P 500 posted five new 52-week highs and no new lows, while the Nasdaq Composite recorded 29 new highs and 26 new lows.
Perth Now
3 days ago
- Business
- Perth Now
Wall St springs higher after tumultuous sell-off
Wall Street's main indexes have risen, clawing back losses from the previous session's tumble as hopes for deeper Federal Reserve rate cuts surged in the wake of an unexpectedly weak jobs report. In early trading on Monday, the Dow Jones Industrial Average rose 301.22 points, or 0.69 per cent, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78 per cent, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99 per cent, at 20,855.25. A dismal US jobs report hammered the S&P 500 on Friday, sending the index to its steepest intraday drop in more than two months, while downward revisions for May and June also compounded the blow. The bleak data did not just trigger the market selloff but also forced a dramatic rethink of the Fed's rate trajectory. Traders, who had been leaning toward another pause in September, are now seeing an 85 per cent chance of a rate cut, as signs of a weakening labour market pile up. By the end of the year, markets expect at least two quarter-point cuts - a prospect that ultimately helped steady Wall Street. The CBOE Volatility Index, Wall Street's so-called fear gauge, fell to 18.45 points, after surging to an over one-month high during Friday's rout. Investors also weighed Fed Governor Adriana Kugler's unexpected resignation that could open the door for President Donald Trump to put his stamp on the central bank's leadership sooner than expected. Trump, a vocal critic of the Fed's policy, has repeatedly threatened to oust Chair Jerome Powell. "If we get to a point where Jerome Powell was pushed out earlier than he's expected to go anywhere, that is going to unsettle markets, and that is possibly the pill that they won't swallow," said Danni Hewson, head of financial analysis at AJ Bell. Meanwhile, Tesla rose 2.6 per cent after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with technology surging 1.1 per cent, emerging as the top performer. Lyft gained 2.9 per cent after partnering with China's Baidu to deploy robotaxis across Europe starting next year. US factory orders data for June is due at 10:00 am ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly, and Disney, will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6 per cent have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 17.5 per cent after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 25.4 per cent. Spotify gained 7.6 per cent as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 3.77-to-1 ratio on the NYSE and by a 3.02-to-1 ratio on the Nasdaq. The S&P 500 posted five new 52-week highs and no new lows, while the Nasdaq Composite recorded 29 new highs and 26 new lows.
Economic Times
6 days ago
- Business
- Economic Times
US Stock market: S&P 500 suffers biggest daily fall in over 3 months, Nasdaq Composite, Dow Jones crash
Key indexes of US Stock Market are S&P 500, Dow Jones Industrial Average, and Nasdaq Composite. CBOE Volatility Index, also known as Wall Street's fear gauge, climbed to as much as 21.90, its highest since June 23. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs U.S. stocks slumped on Friday, with the S&P 500 on track for its biggest daily percentage decline in more than three months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. S&P 500 lost 101.60 points, or 1.60 per cent, to end at 6,237.79 points, while the Nasdaq Composite lost 472.78 points, or 2.24 per cent, to 20,649.67. The Dow Jones Industrial Average fell 543.97 points, or 1.23 per cent, to 43, the S&P 500 and the Nasdaq recorded their biggest single-day percentage declines since April 21 and all three major indexes were on track for weekly losses. The CBOE Volatility Index, also known as Wall Street's fear gauge, climbed to as much as 21.90, its highest since June weighing on equities was a tumble in shares after the company posted quarterly results but failed to meet lofty expectations for its Amazon Web Services cloud computing unit. Just hours before the tariff deadline on Friday, President Donald Trump signed an executive order imposing duties on U.S. imports from countries, including Canada, Brazil, India and Taiwan, in his latest round of levies as countries attempted to seek ways to reach better deals. Further denting confidence in the economic picture, data showed U.S. job growth slowed more than expected in July while the prior month's report was revised sharply lower, indicating the labor market may be starting to report significantly pushed up expectations the Federal Reserve will cut interest rates at its September expectations the Fed will cut rates by at least 25 basis points at its September meeting stood at 80.9%, according to CME's FedWatch Tool, up from 37.7% in the prior data from the Institute for Supply Management showed U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five was the biggest drag on the Dow, S&P 500 and Nasdaq and pushed the consumer discretionary index, down nearly 4% as the worst performing of the 11 major S&P 500 sectors. Also reporting earnings was Apple, which fell after it posted a current-quarter revenue forecast well above Wall Street estimates, but CEO Tim Cook warned U.S. tariffs would add $1.1 billion in costs over the briefly extended declines after Trump said he ordered the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, to be fired in the wake of the jobs data. In contrast to the broad declines, Reddit surged after it reported quarterly results that exceeded Street expectations, boosted by an AI-focused advertising strategy and strong user engagement.A1. The CBOE Volatility Index, also known as Wall Street's fear gauge, climbed to as much as 21.90, its highest since June 23.A2. Key indexes of US Stock Market are S&P 500, Dow Jones Industrial Average, and Nasdaq Composite.
