Latest news with #TimGhriskey
Time of India
02-08-2025
- Business
- Time of India
Wall Street Week Ahead: AI gains, strong earnings support US stocks as tariff woes linger
With more than half of second quarter earnings reported and stocks near record highs, company results have reassured investors about the artificial intelligence trade that has energized Wall Street, even if tariff worries curtailed buying. With results in from 297 of the S&P 500 companies as of Thursday, year-on-year earnings growth for the second quarter is now estimated at 9.8%, up from 5.8% estimated growth on July 1, according to LSEG data. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Public Policy Data Science Cybersecurity healthcare Others Data Analytics MCA Artificial Intelligence Operations Management Degree Healthcare Design Thinking PGDM Technology CXO Digital Marketing Management others Finance Product Management Leadership Project Management MBA Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Next week investors will get a peek at earnings from Dow Jones Industrial Average constituents Disney, McDonald's and Caterpillar, for a look at the broader economy. Strong profit reports for these companies could propel the Dow, trading just shy of its December record high, to a fresh peak. Some 81% of the companies have beaten analyst expectations on earnings, above the 76% average for the past four quarters. "The earnings season has been unambiguously better than expected," Art Hogan, chief market strategist at B. Riley Wealth in Boston, said. Live Events The strength of corporate earnings is particularly reassuring for investors after the pummeling sentiment took in the prior quarter due to the twin threats of tariffs and worries over flagging economic growth. "The first quarter was a bit more mixed and you had some questionable economic data ... which I think gave the market some pause," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "But the second quarter seems to have just been a turnaround," Ghriskey said. The strength of results for names linked to the artificial intelligence trade - the investment thesis that AI will be a transformative force, driving a significant portion of future economic growth and company profits - is particularly heartening, investors and analysts said. "Overall it has been mega caps, growth/technology/AI that is driving a lot of the results," Ghriskey said. "This is where we want to be exposed in terms of companies ... we're at maximum equity exposures and we're comfortable there." Having boosted the market for several quarters, the trade ran into rough waters at the start of the year as the emergence of Chinese-founded artificial intelligence startup DeepSeek rattled investors, stoking concerns over heightened competition that could disrupt the dominance of established tech giants at the heart of the AI trade, including Nvidia. Strong results from Microsoft and Meta Platforms reassured investors that massive bets on AI are paying off. Worries over AI demand appear overblown, Macro Hive research analyst Viresh Kanabar said. The trade related tumult earlier this year prompted many investors to pare equity exposure, particularly to higher-risk growth stocks. Even after the market rebound - the S&P 500 is up about 6% for the year and near a record high - institutional investors have been slow to return to equities. Overall, investors' equity positioning is still only modestly overweight, according to Deutsche Bank estimates. Strength in earnings from AI and technology names could draw more investors and lift markets further in coming weeks, analysts said. "If you are trying to beat your benchmark and you were underweight any of the AI names you have to chase them," B. Riley Wealth's Hogan said. After S&P 500's 2.2% gain in July, the seasonally volatile months of August and September, markets might face some short-term turbulence, Hogan said. Historically, August has marked a pick-up in stock market gyrations that peaks in October. August kicked off with stocks selling off sharply on Friday as new U.S. tariffs on dozens of trading partners and Amazon's unimpressive earnings weighed on sentiment, while a weaker payrolls report added to risk aversion. But any near-term market pullback should be seen as a buying opportunity, especially in some of the mega-cap, technology names, Hogan said. With big AI names, Alphabet, Microsoft, Nvidia, Meta Platforms and Amazon, commanding about a quarter of the weight in the S&P 500, the health of the AI trade bodes well for the market at an index level, analysts said. "We're not saying the weakness isn't there in other parts of the economy," Kanabar said.
Zawya
30-07-2025
- Business
- Zawya
US Stocks: Equities close lower as earnings weigh; Fed statement on tap
NEW YORK: U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement. A host of Dow components reported earnings, with UnitedHealth, Boeing and Merck all closing lower after their quarterly results. Health insurer UnitedHealth stumbled 7.5% and was the biggest drag on the Dow after a disappointing profit forecast, while Boeing declined 4.4% despite reporting a smaller second-quarter loss. Merck dipped 1.7% after the drugmaker reported quarterly results and said it was extending its pause on shipments of HPV vaccine Gardasil to China until at least the end of 2025 due to persistent weakness in demand. "Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are." Earnings from megacaps Meta, Microsoft, Amazon and Apple are due this week and are likely to have a strong influence on market direction due to their large market weightings. The Dow Jones Industrial Average fell 204.57 points, or 0.46%, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30%, to 6,370.86 and the Nasdaq Composite lost 80.29 points, or 0.38%, to 21,098.29. United Parcel Service shares plunged 10.6% as the package delivery company posted earnings and again declined to issue annual revenue and margin forecasts, deepening concerns that U.S. President Donald Trump's continually changing trade policy is weighing on the company. That helped drag down the Dow Jones Transport Average by 2.3% for its biggest daily percentage decline since May 21. Likewise, Whirlpool plummeted 13.4% after the home appliances maker slashed its annual earnings forecast and dividend, citing pressure from a pull-forward in imports by rivals ahead of Trump's tariffs. Procter & Gamble shares shed 0.3%, as the maker of consumer goods such as dish soap and toilet paper forecast annual results below estimates and said it would raise prices on some products to offset the tariff impact. Nearly 200 S&P 500 components have reported earnings and are posting results 6.4% above expectations, according to LSEG data, compared with an average of 6.3% over the last four quarters. On the economic front, consumer confidence in July increased more than expected to 97.2. In June, U.S. job openings and hiring, or JOLTS data, had decreased, pointing to a further slowdown in labor market activity. The JOLTS report was the first in a string of data on the labor market this week, culminating in Friday's government payrolls report. The Fed is largely expected to leave rates unchanged at its policy announcement on Wednesday. Remarks by Fed Chair Jerome Powell will be closely monitored to gauge the timing of any potential rate cuts. Key negotiations between the U.S. and China completed their second day in Stockholm as the world's two leading economies aim to resolve their trade conflict, with Trump saying he was told by Treasury Secretary Scott Bessent that the latter had a very good meeting with Chinese officials. Declining issues outnumbered advancers by a 1.03-to-1 ratio on the NYSE and by a 2.08-to-1 ratio on the Nasdaq. The S&P 500 posted 32 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 76 new highs and 83 new lows. Volume on U.S. exchanges was 18.01 billion shares, compared with the 17.89 billion average for the full session over the last 20 trading days. (Reporting by Chuck Mikolajczak in New York; Additional reporting by Nikhil Sharma and Pranav Kashyap in Bengaluru; Editing by Matthew Lewis)
Time of India
30-07-2025
- Business
- Time of India
US Equities close lower as earnings weigh; Fed statement on tap
U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings , while investors awaited a Federal Reserve policy statement. A host of Dow components reported earnings, with UnitedHealth, Boeing and Merck all closing lower after their quarterly results. Health insurer UnitedHealth stumbled 7.5% and was the biggest drag on the Dow after a disappointing profit forecast, while Boeing declined 4.4% despite reporting a smaller second-quarter loss. Merck dipped 1.7% after the drugmaker reported quarterly results and said it was extending its pause on shipments of HPV vaccine Gardasil to China until at least the end of 2025 due to persistent weakness in demand. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Leadership Project Management Digital Marketing Design Thinking MBA Technology Healthcare Artificial Intelligence Data Science Public Policy Data Analytics Management Product Management PGDM Finance Cybersecurity Others MCA healthcare Degree Data Science Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo "Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are." Earnings from megacaps Meta, Microsoft, Amazon and Apple are due this week and are likely to have a strong influence on market direction due to their large market weightings. Live Events The Dow Jones Industrial Average fell 204.57 points, or 0.46%, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30%, to 6,370.86 and the Nasdaq Composite lost 80.29 points, or 0.38%, to 21,098.29. United Parcel Service shares plunged 10.6% as the package delivery company posted earnings and again declined to issue annual revenue and margin forecasts, deepening concerns that U.S. President Donald Trump's continually changing trade policy is weighing on the company. That helped drag down the Dow Jones Transport Average by 2.3% for its biggest daily percentage decline since May 21. Likewise, Whirlpool plummeted 13.4% after the home appliances maker slashed its annual earnings forecast and dividend, citing pressure from a pull-forward in imports by rivals ahead of Trump's tariffs. Procter & Gamble shares shed 0.3%, as the maker of consumer goods such as dish soap and toilet paper forecast annual results below estimates and said it would raise prices on some products to offset the tariff impact. Nearly 200 S&P 500 components have reported earnings and are posting results 6.4% above expectations, according to LSEG data, compared with an average of 6.3% over the last four quarters. On the economic front, consumer confidence in July increased more than expected to 97.2. In June, U.S. job openings and hiring, or JOLTS data, had decreased, pointing to a further slowdown in labor market activity. The JOLTS report was the first in a string of data on the labor market this week, culminating in Friday's government payrolls report. The Fed is largely expected to leave rates unchanged at its policy announcement on Wednesday. Remarks by Fed Chair Jerome Powell will be closely monitored to gauge the timing of any potential rate cuts. Key negotiations between the U.S. and China completed their second day in Stockholm as the world's two leading economies aim to resolve their trade conflict, with Trump saying he was told by Treasury Secretary Scott Bessent that the latter had a very good meeting with Chinese officials. Declining issues outnumbered advancers by a 1.03-to-1 ratio on the NYSE and by a 2.08-to-1 ratio on the Nasdaq. The S&P 500 posted 32 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 76 new highs and 83 new lows. Volume on U.S. exchanges was 18.01 billion shares, compared with the 17.89 billion average for the full session over the last 20 trading days.
New Straits Times
30-07-2025
- Business
- New Straits Times
Equities close lower as earnings weigh; Fed statement on tap
NEW YORK: US stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement. A host of Dow components reported earnings, with UnitedHealth, Boeing and Merck all closing lower after their quarterly results. Health insurer UnitedHealth stumbled 7.5 per cent and was the biggest drag on the Dow after a disappointing profit forecast, while Boeing declined 4.4 per cent despite reporting a smaller second-quarter loss. Merck dipped 1.7 per cent after the drugmaker reported quarterly results and said it was extending its pause on shipments of HPV vaccine Gardasil to China until at least the end of 2025 due to persistent weakness in demand. "Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are." Earnings from megacaps Meta, Microsoft, Amazon and Apple are due this week and are likely to have a strong influence on market direction due to their large market weightings. The Dow Jones Industrial Average fell 204.57 points, or 0.46 per cent, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30 per cent, to 6,370.86 and the Nasdaq Composite lost 80.29 points, or 0.38 per cent, to 21,098.29. United Parcel Service shares plunged 10.6 per cent as the package delivery company posted earnings and again declined to issue annual revenue and margin forecasts, deepening concerns that US President Donald Trump's continually changing trade policy is weighing on the company. That helped drag down the Dow Jones Transport Average by 2.3 per cent for its biggest daily percentage decline since May 21. Likewise, Whirlpool plummeted 13.4 per cent after the home appliances maker slashed its annual earnings forecast and dividend, citing pressure from a pull-forward in imports by rivals ahead of Trump's tariffs. Procter & Gamble shares shed 0.3 per cent, as the maker of consumer goods such as dish soap and toilet paper forecast annual results below estimates and said it would raise prices on some products to offset the tariff impact. Nearly 200 S&P 500 components have reported earnings and are posting results 6.4 per cent above expectations, according to LSEG data, compared with an average of 6.3 per cent over the last four quarters. On the economic front, consumer confidence in July increased more than expected to 97.2. In June, US job openings and hiring, or JOLTS data, had decreased, pointing to a further slowdown in labor market activity. The JOLTS report was the first in a string of data on the labor market this week, culminating in Friday's government payrolls report. The Fed is largely expected to leave rates unchanged at its policy announcement on Wednesday. Remarks by Fed Chair Jerome Powell will be closely monitored to gauge the timing of any potential rate cuts. Key negotiations between the US and China completed their second day in Stockholm as the world's two leading economies aim to resolve their trade conflict, with Trump saying he was told by Treasury Secretary Scott Bessent that the latter had a very good meeting with Chinese officials. Declining issues outnumbered advancers by a 1.03-to-1 ratio on the NYSE and by a 2.08-to-1 ratio on the Nasdaq. The S&P 500 posted 32 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 76 new highs and 83 new lows. Volume on US exchanges was 18.01 billion shares, compared with the 17.89 billion average for the full session over the last 20 trading days.
The Star
29-07-2025
- Business
- The Star
US stocks close lower as earnings weigh
The Dow fell 204.57 points, or 0.46%, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30%, to 6,370.86 and the Nasdaq lost 80.29 points, or 0.38%, to 21,098.29. NEW YORK: US stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement. A host of Dow components reported earnings, with UnitedHealth, Boeing and Merck all closing lower after their quarterly results. Health insurer UnitedHealth stumbled 7.5% and was the biggest drag on the Dow after a disappointing profit forecast, while Boeing declined 4.4% despite reporting a smaller second-quarter loss. Merck dipped 1.7% after the drugmaker reported quarterly results and said it was extending its pause on shipments of HPV vaccine Gardasil to China until at least the end of 2025 due to persistent weakness in demand. "Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are." Earnings from megacaps Meta, Microsoft, Amazon and Apple are due this week and are likely to have a strong influence on market direction due to their large market weightings. The Dow Jones Industrial Average fell 204.57 points, or 0.46%, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30%, to 6,370.86 and the Nasdaq Composite lost 80.29 points, or 0.38%, to 21,098.29. United Parcel Service shares plunged 10.6% as the package delivery company posted earnings and again declined to issue annual revenue and margin forecasts, deepening concerns that US President Donald Trump's continually changing trade policy is weighing on the company. That helped drag down the Dow Jones Transport Average by 2.3% for its biggest daily percentage decline since May 21. Likewise, Whirlpool plummeted 13.4% after the home appliances maker slashed its annual earnings forecast and dividend, citing pressure from a pull-forward in imports by rivals ahead of Trump's tariffs. Procter & Gamble shares shed 0.3%, as the maker of consumer goods such as dish soap and toilet paper forecast annual results below estimates and said it would raise prices on some products to offset the tariff impact. Nearly 200 S&P 500 components have reported earnings and are posting results 6.4% above expectations, according to LSEG data, compared with an average of 6.3% over the last four quarters. On the economic front, consumer confidence in July increased more than expected to 97.2. In June, US job openings and hiring, or JOLTS data, had decreased, pointing to a further slowdown in labour market activity. The JOLTS report was the first in a string of data on the labour market this week, culminating in Friday's government payrolls report. The Fed is largely expected to leave rates unchanged at its policy announcement on Wednesday. Remarks by Fed chair Jerome Powell will be closely monitored to gauge the timing of any potential rate cuts. Key negotiations between the US and China completed their second day in Stockholm as the world's two leading economies aim to resolve their trade conflict, with Trump saying he was told by Treasury Secretary Scott Bessent that the latter had a very good meeting with Chinese officials. Declining issues outnumbered advancers by a 1.03-to-1 ratio on the NYSE and by a 2.08-to-1 ratio on the Nasdaq. The S&P 500 posted 32 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 76 new highs and 83 new lows. Volume on US exchanges was 18.01 billion shares, compared with the 17.89 billion average for the full session over the last 20 trading days. — Reuters
