(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A banking giant and a consulting company were among the stocks being talked about by analysts on Monday. Morgan Stanley downgraded JPMorgan Chase to equal weight from overweight. Meanwhile, TD Cowen…
The S & P 500 index dipped Friday but logged its third straight weekly gain on the back of three record closes last week. For the week, the S & P 500 rose just over 0.6%; the Dow Jones Industrial Average , which closed at another record Friday, gained almost 0.6%; the Nasdaq advanced nearly…
Check out the companies making headlines in midday trading: Bristol-Myers Squibb — The drug maker jumped more than 3% after the U.S. Food and Drug Administration approved a highly anticipated schizophrenia drug , the first novel type of treatment for the chronic mental disorder in more than seven decades. Bristol-Myers Squibb expects the twice-daily pill,…
Traders work on the floor of the NYSE. NYSE Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures. Nasdaq 100 futures ticked higher by less than 0.1%. In after-hours action, Costco Wholesale…
Traders work on the floor of the New York Stock Exchange. NYSE Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. Nasdaq 100 futures climbed 0.3%, boosted higher by shares…
A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. Andrew Kelly | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up…
Top 10 things to watch Monday, Sept. 23 1. Stocks are looking slightly higher Monday. It’s big week of earnings with Micron , Jefferies and Club name Costco scheduled to report. On the data side, the key event is the PCE price index, the Fed’s favorite inflation gauge. The Dow , the S & P…
The Federal Reserve kicked off its long-awaited easing campaign with a bang this week, cutting the federal funds by hefty 50 basis points. Investors viewed the aggressive reduction — the first in four years — as largely positive, with the three averages all finishing in the black. The S & P 500 advanced 1.36%, while the…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The Dow and S & P 500 were lower Friday after surging to record highs Thursday in response to the Fed cutting interest rates by…
Next week could be critical in determining whether stocks at all-time highs can sustain their momentum, at least for a little while longer. The Dow Jones Industrial Average topped 42,000 this week for the first time ever, while the S & P 500 breached the 5,700 milestone, after the Federal Reserve cut interest rates by…