Dow drops 120 points, stocks fall for a second day after Fed Chief Powell signals no rate cut soon

Malaysia News News

Dow drops 120 points, stocks fall for a second day after Fed Chief Powell signals no rate cut soon
Malaysia Latest News,Malaysia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Stocks closed lower for a 2nd day, with the Dow dropping 120 points. Dow Chemical was the biggest loser on the Dow, and Home Depot was the biggest winner. Energy, materials and communication services closed lower.

More than half of the S&P 500 has reported calendar first-quarter earnings and the results have largely outperformed expectations. According to FactSet, 74.7% of the S&P 500 companies have beaten earnings estimates.

The strong results pushed equities to record highs earlier in the week. The S&P 500 hit an intraday record on Wednesday before closing lower while the Nasdaq reached an all-time high earlier this week. But stocks could face a tougher road ahead as the earnings season winds down, said Ilya Feygin, senior strategist at WallachBeth Capital.

"We're done with earnings season pretty much. All the Apples and the Googles have reported," Feygin said. "I think this focus on single names is going to stop and we're going to focus on the macro news, which to me is not that great as the earnings." Tesla shares rose more than 3% after the company unveiled a plan to raise up to $2 billion, with $1.35 billion coming from convertible bonds. The remaining $650 million would come from new equity, which includes a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York Archdiocese names 120 clergy accused of sexual misconductNew York Archdiocese names 120 clergy accused of sexual misconductCardinal Timothy Dolan said parishioners have been demanding more transparency and accountability.
Read more »

NY archdiocese identifies 120 Catholic clergy 'credibly accused' of child sex abuseNY archdiocese identifies 120 Catholic clergy 'credibly accused' of child sex abuseOne of the largest Catholic archdioceses in the nation released the names on Friday of dozens of priests and deacons “credibly accused” of sexually abusing minors, along with a letter of apology from New York’s powerful archbishop, Cardinal Timothy Dolan, seeking forgiveness “for the failings of...
Read more »

New York Archdiocese releases names of 120 potential child abusers, survivor groups call for more disclosuresNew York Archdiocese releases names of 120 potential child abusers, survivor groups call for more disclosures“I write today as someone who himself realizes the shame that has come upon our Church due to the sexual abuse of minors.'
Read more »

New York Archdiocese releases names of 120 clergy accused of sex abuseNew York Archdiocese releases names of 120 clergy accused of sex abuseThe Archdiocese of New York, the second-largest diocese in the nation, has identified 120 priests and deacons accused of sexually abusing a child or having child pornography in the latest revelations in the Catholic Church's long-running sex abuse epidemic.
Read more »

Pentagon report: U.S. strikes killed 120 civilians in 2018Pentagon report: U.S. strikes killed 120 civilians in 2018As usual, the military accounting of civilian deaths is far more conservative than that of outside groups.
Read more »

Dow drops more than 150 points after Fed's Powell dashes rate-cut hopesDow drops more than 150 points after Fed's Powell dashes rate-cut hopesAfter a strong start to the trading day, the Dow dropped more than 160 points after Fed Chair Powell crushed hopes of lower rates. Real estate was the only sector to finish in the green.
Read more »

Intel's stock on track to shave 29 points off Dow's price, enough to turn Dow futures negativeIntel's stock on track to shave 29 points off Dow's price, enough to turn Dow futures negativeShares of Intel Corp. sank 7.4% in premarket trade Friday, enough to turn Dow Jones Industrial Average futures negative, after the chip maker provided a...
Read more »

Stocks in Asia set to slip after overnight Dow declineStocks in Asia set to slip after overnight Dow declineShares in Asia were set to decline at Friday's open after the Dow Jones Industrial Average dropped more than 100 points overnight.
Read more »

Stocks edge higher as Apple results boost Dow, tech sharesStocks edge higher as Apple results boost Dow, tech sharesStock futures push higher on Wednesday, pointing to potentially more records for major indexes as Apple Inc. shares climbed in premarket on an upbeat...
Read more »



Render Time: 2025-02-25 15:13:39