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Yahoo
15-05-2025
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Stock Market News for May 15, 2025
U.S. stocks ended mostly higher on Wednesday, extending their gains for the year as investors waited for the next batch of economic data after a solid start to the week following positive news on a U.S.-China trade truce. However, the Dow ended in negative territory for the second-straight session. The Dow Jones Industrial Average (DJI) declined 0.2% or 89.37 points, to close at 42,051.06 points. The S&P 500 rose 0.1% or 6.03 points to end at 5,892.58 points, adding to its year-to-date gain marginally and closing in the green for the sixth straight session. Consumer discretionary and tech stocks were the biggest gainers. The Consumer Discretionary Select Sector SPDR (XLY) gained 0.4%, while the Technology Select Sector SPDR (XLK) jumped 0.7%. The Healthcare Select Sector SPDR (XLV) fell 2.4%, suffering for the second straight day. Eight of the 11 sectors of the benchmark index ended in negative territory. The tech-heavy Nasdaq edged up 0.7% or 136.72 points, to finish at 19,146.81 points. The fear-gauge CBOE Volatility Index (VIX) was up 2.20% to 18.62. Decliners outnumbered advancers on the NYSE by a 1.97-to-1 ratio. On Nasdaq, a 1.74-to-1 ratio favored declining issues. A total of 19.73 billion shares were traded on Wednesday, higher than the last 20-session average of 16.77 billion. Stocks swung between gains and losses for most of the session on Wednesday as investors waited for more news on trade deals with other countries. Washington has been negotiating with several countries and more trade deals are expected to be announced in the coming days. Wednesday's moves came after a solid start to the week as the United States and China reached a trade truce wherein both nations decided to temporarily halt tariffs for 90 days. Also, fresh inflation data released on Monday suggested that inflation cooled in April and is on track to reach the Federal Reserve's 2% target. These have somewhat alleviated fears of the economy slipping into a recession. Investors held on to the positive sentiment on Wednesday, with stocks finishing mostly higher. Investors also watched for more trade developments as President Donald Trump started his tour of the Gulf states. Trump secured a $600 billion in commitment from Saudi Arabia, his first destination in the Middle East. Shares of chip companies rallied on Wednesday, led by NVIDIA Corporation (NVDA) on news that it will send 18,000 of its top artificial intelligence chips to Saudi Arabia. Shares of NVIDIA rose 4.2%. Also, shares of Advanced Micro Devices, Inc. (AMD) rose 4.7% after the company announced a $6 billion share buyback program. Advanced Micro Devices carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. No major economic data was released on Wednesday. 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 Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-05-2025
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Stock Market News for May 14, 2025
U.S. stocks closed mostly higher on Tuesday, with the S&P 500 bouncing back to positive territory for the year after fresh data hinted at cooling inflation, adding to investor optimism a day after the United States and China reached a trade deal. However, the Dow ended in the red. The Dow Jones Industrial Average (DJI) slid 0.6% or 269.67 points, to finish at 42,140.43 points, a day after recording its highest close since March 26. The S&P 500 jumped 0.7% or 42.36 points to close at 5,886.55 points, erasing all its losses for the year and entering positive territory. Consumer discretionary and tech stocks were the biggest gainers. The Consumer Discretionary Select Sector SPDR (XLY) gained 1.3%, while the Technology Select Sector SPDR (XLK) jumped 2.2%. However, the Healthcare Select Sector SPDR (XLV) fell 3%. Six of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq rose 1.6% or 301.74 points, to end at 19,010.19 points. The fear-gauge CBOE Volatility Index (VIX) was down 0.92% to 18.22. Advancers outnumbered decliners on the NYSE by a 1.86-to-1 ratio. On Nasdaq, a 1.36-to-1 ratio favored advancing issues. A total of 17.81 billion shares were traded on Tuesday, higher than the last 20-session average of 16.51 billion. Stocks rallied Monday after the United States and China announced a trade truce. The upbeat sentiment continued on Tuesday, as fresh data hinted at cooling inflation. The Labor Department said that the consumer price index (CPI) rose 0.2% sequentially in April and 2.3% from year-ago levels, the lowest since February 2021. The monthly reading came in line with expectations, while the 12-month was slightly below the consensus estimate. Core CPI, which excludes the volatile food and energy prices, also rose 0.2% month over month in April, lower than the forecast of 0.3%. Year over year, core CPI grew 2.8%, which came in line with analysts' expectations. The softer-than-expected inflation reading added to the investors' optimism, fueling the last session's rally. Tech stocks rallied once again on Tuesday. Shares of NVIDIA Corporation (NVDA) jumped 5.6% on news that the chipmaker will send 18,000 of its best AI chips to Saudi Arabia. NVIDIA carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Tuesday's gains saw the S&P 500 bounce back into positive territory for the year, just over a month after the index entered correction territory following the announcement of Trump's Liberation Day tariffs that rattled Wall Street. However, the Dow was dragged down by UnitedHealth Group Incorporated (UNH). The insurance bellwether's shares plummeted 17.8% after the company suspended its annual forecast and its CEO resigned. The market rally resumed on Monday after the United States and China agreed to pause tariffs for 90 days over the weekend. The United States said that it will slash tariffs to 30% on Chinese imports from 145%, while China will cut tariffs on U.S imports to 10% from 125%. Investors believe the Federal Reserve will resume its rate cuts not before September but are hopeful about two 25 basis point rate cuts this year as inflation is cooling steadily and is on track to meet the central bank's 2% target. 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 UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-05-2025
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Stock Market News for May 13, 2025
U.S. stocks rallied on Monday after the United States and China agreed to temporarily slash tariffs for 90 days following negotiations over the weekend, easing fears of a global trade war and raising hopes that the economy won't slip into a recession. All the major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) jumped 2.8%% or 1,160.72 points, to close at 42,410.10 points, its highest close since March 26. The S&P 500 rallied 3.3% or 184.28 points to end at 5,844.19 points, its biggest close since March 3. Consumer discretionary, tech and industrial stocks were the biggest gainers. The Consumer Discretionary Select Sector SPDR (XLY) jumped 5%, while the Technology Select Sector SPDR (XLK) climbed 4.6%. The Industrials Select Sector SPDR (XLI) added 3.1%. Ten of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq climbed 4.4% or 779.43 points, to finish at 18,708.34 points. The fear-gauge CBOE Volatility Index (VIX) was down 16.03% to 18.39. Advancers outnumbered decliners on the NYSE by a 2.83-to-1 ratio. On Nasdaq, a 2.84-to-1 ratio favored advancing issues. A total of 20.20 billion shares were traded on Monday, higher than the last 20-session average of 16.52 billion. Stocks rallied on Monday after the United States and China agreed to a trade deal following talks in Switzerland over the weekend. Both countries agreed to slash the stiff tariffs imposed on each other for 90 days. The United States said that it will slash tariffs to 30% on Chinese imports from 145%, while China will cut tariffs on U.S imports to 10% from 125%. Investors felt a bit relieved and turned their focus once again to riskier bets from more defensive assets. Stocks with strong connections to China rallied, with shares of Tesla, Inc. (TSLA) and Apple, Inc. (AAPL) jumping 6.8% and 6.3%, respectively. Shares of NVIDIA Corporation (NVDA) gained 5.4%. NVDA carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Tech stocks were the biggest gainers on Monday, with all three major indexes recording their best day since April 9. U.S. stocks have been suffering since Trump announced sweeping tariffs on April 2. While the President imposed a baseline 10% tariff on all trading partners of the United States, he announced 145% tariffs on Chinese imports. In retaliation, China slapped a 125% tariff on all U.S. imports. However, Trump has since paused tariffs for 90 days for all countries except China. Since then, stocks have recovered and regained most of their lost ground. Investors are now hopeful that more trade deals will be reached with other countries in the coming days. They are also expecting the Federal Reserve to resume rate cuts in September. The consumer price index (CPI), which will be out on Tuesday, will give a clearer picture of this. No major economic data was released on Monday. 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 Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
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Stock Market News for Apr 25, 2025
U.S. stocks closed higher on Thursday, driven by a tech rally, as investors looked for more signs of easing global trade conflict. Investors also digested a mixed bag of corporate earnings. All three major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) gained 1.2% or 486.83 points, to close at 40,093.40 points. This was also the first time the blue-chip index closed above the 40,000 mark since April 15. The S&P 500 jumped 2% or 108.91 points to end at 5,484.77 points and exit correction territory after recording its third straight day of gains. Tech and materials, industrials and consumer discretionary stocks were the biggest gainers. The Technology Select Sector SPDR (XLK) rose 3.7%, while the Consumer Discretionary Select Sector SPDR (XLY) gained 2%. The Materials Select Sector SPDR (XLB) and Industrials Select Sector SPDR (XLI) each added 2.2%. Ten of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq climbed 2.7% or 457.99 points to finish at 17,166.04 points. The fear-gauge CBOE Volatility Index (VIX) was down 6.96% to 26.47. Advancers outnumbered decliners on the NYSE by a 5.84-to-1 ratio. On Nasdaq, a 3.38-to-1 ratio favored advancing issues. A total of 14.95 billion shares were traded on Thursday, lower than the last 20-session average of 19.15 billion. Optimism surrounding easing trade tensions between the United States and China has been boosting stocks this week. The momentum continued for the third straight session on Thursday. However, China said that no trade talks were taking place with the United States and called for the cancellation of 'unilateral tariffs' first. China's comments came a day after President Donald Trump said that he would take a less aggressive stance toward trade talks with China. Also, Treasury Secretary Scott Bessent said that both the U.S. and China have a chance to crack a 'big deal' on trade. Although there is a lack of clarity on trade negotiations, investors are optimistic after Trump's comments that the tariffs will be much less than they currently are. The U.S. currently has a 145% tariff on all Chinese imports. Tech stocks led Thursday's rally after suffering for weeks owing to the uncertainty over the impact of tariffs on the nation's economy. Shares of NVIDIA Corporation (NVDA) rose 3.6%, while Inc. (AMZN) and Meta Platforms, Inc. (META) gained 5.9% and 2.5%, respectively Meta Platforms has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Investors also shifted focus to the earnings season, which some big names reporting their quarterly results on Thursday. Shares of The Procter & Gamble Company (PG) ended 3.7% lower after the company reported third-quarter fiscal 2025 earnings of $1.54 per share, which came in line with the Zacks Consensus Estimate. Shares of American Airlines Group Inc. (AAL) popped 3.1% after the company reported first-quarter 2025 loss of $0.59 per share, narrower than the Zacks Consensus Estimate of a loss of $0.69. The Labor Department reported that jobless claims totaled 222,000 for the week ending April 19, increasing 6,000 from the previous week's revised level of 216,00. The four-week moving average was 220,250, a decrease of 750 from the previous week's revised average of 221,000. Continuing claims came in at 1,841,000, a decrease of 37,000 from the previous week's revised level of 1,878,000. The 4-week moving average was 1,864,000, a decrease of 1,500 from the previous week's revised average of 1,865,500. The National Association of Realtors said that existing home sales declined 5.9% in March to a seasonally adjusted annual rate of 4.02 million. Year over year, existing home sales 2.4% in March. In a separate report, the Commerce Department said that orders for durable goods, items meant to last three years or more, jumped 9.2% in March, sharply higher than the consensus estimate of a rise of 2%. 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 Inc. (AMZN) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
03-04-2025
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Stock Market News For Apr 3, 2025
U.S. stock markets closed higher on Wednesday after a choppy session sidelining fears regrading Trump administration's 'Liberation Day' tariffs. Nevertheless, market participants remained concerned of Trump's tariffs, higher inflation rate and fear of a near-term recession. Several better-than-expected economic data also strengthened investors' sentiment on risky assets like equities. All three major stock indexes ended in positive territory. The Dow Jones Industrial Average (DJI) was up 0.6% or 235.36 points to close at 42,225.32. At intraday high, the blue-chip index was up nearly 392.31 points. On the other hand, at intraday low, the index was down 360.30 points. Notably, 19 components of the 30-stock index ended in positive territory and 11 finished in negative zone. The major gainer of the index was The Goldman Sachs Group Inc. GS. The stock price of the investment bank giant rose 2.7%. The Goldman Sachs Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The tech-heavy Nasdaq Composite finished at 17,601.05, gaining 0.7% or 151.15 points due to strong performance by technology bigwigs. In intraday low, the tech-laden index was down nearly 268.62 points and at intraday high the index was up more than 266.63 points. Nasdaq Composite is currently in correction territory. The S&P 500 rallied 0.7% to finish at 5,670.97. In intraday high, Wall Street's most observed benchmark was up 62.24 points and at intraday low, the index was down 38.41 points. 10 out of 11 broad sectors of the broad-market index ended in positive territory and one in negative zone. The Consumer Discretionary Select Sector SPDR (XLY) increased 1.9% while the Consumer Staples Select Sector SPDR (XLP) decreased 0.3%. The fear-gauge CBOE Volatility Index (VIX) was down 1.2% to 21.51. A total of 15.09 billion shares were traded on Wednesday, lower than the last 20-session average of 15.83 billion. On Apr 2, after the closing bell, President Donald Trump is set to announce reciprocal tariffs on all imported goods in the United States across the world. Trump called Apr 2 as America's 'liberation day.' White House press secretary Karoline Leavitt told reporters 'My understanding is that the tariff announcement will come tomorrow. They will be effective immediately.' Market participants are nervously waiting for the announcement and will perform a microscopic analysis regarding the impact of these tariffs on the United States as well as global trade and economic growth. Special attention will be about the impact on inflation rates. Automatic Data Processing Inc. ADP reported that private payrolls in March came in at 155,000, significantly higher-than the previous month's upwardly revised data of 84,000. The consensus estimate was 120,000. Average hourly earnings for workers those stayed in their positions rose 4.6% year over year and for those who changed jobs increased 6.5%. Industry wise, professional and business services added 57,000 jobs, financial activities recruited 38,000 people, manufacturing added 21,000 jobs and leisure and hospitality recruited 17,000 people. On the downside, trade, transportation and utilities saw a loss of 6,000 jobs and natural resources and mining declined by 3,000. New orders for factory manufactured goods in February, up two consecutive months, increased 0.6%, beating the consensus estimate \of 0.5%. The metric for January was revised upward to 1.8% from 1.7% reported earlier. Shipments of factory-made goods increased 0.7% in February. New orders for manufactured durable goods in February increased 1% while new orders for manufactured non-durable goods rose 0.3%. 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 The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
