Dow Jones dips, Nasdaq flies; Meta Missiles Amid Mark Zuckerberg ‘Surprise’, Missing Apple Earnings| Investor’s Business Daily

Dow Jones dips, Nasdaq flies;  Meta Missiles Amid Mark Zuckerberg ‘Surprise’, Missing Apple Earnings|  Investor’s Business Daily

The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta platforms (META) skyrocketed when Mark Zuckerberg shared a surprise. Apple (AAPL) skyrocketed in open trading, but bounced back hours after a missed profit, while Microsoft (MSFT) was a top blue chip. X New Leaderboard Member US Global Jets (JETS) … Read more

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS also missed.

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast.  AWS also missed.

font size Investors are looking for evidence that Amazon.com is making progress in its cost containment efforts. David Ryder/Bloomberg Amazon . com shares fell in late trading Thursday after the company posted mixed fourth-quarter results, with better-than-expected revenue growth but weaker-than-expected earnings, largely due to a loss to the company’s stake in the electric power … Read more

Rival EV makers will ‘struggle to keep up’

Rival EV makers will ‘struggle to keep up’

Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging to the brand. Instead, they could be a bigger problem for automakers trying to close the gap, she argued. “I think traditional automakers will struggle to keep up with the price drops that Tesla’s technology enables,” the founder of ARK … Read more

Sports betting Penn reports fourth quarter profits

Sports betting Penn reports fourth quarter profits

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more

80% of employees who resigned ‘with great resignation’ regret it: new survey

80% of employees who resigned ‘with great resignation’ regret it: new survey

The “Great Regret” is the latest workplace trend sweeping the country, with the majority of professionals quitting their jobs last year, according to a new survey. 2022 was another record year for layoffs, with 4.1 million workers leaving their jobs in December, bringing the grand total for the year to more than 50 million. About … Read more

Earnings from Apple, Amazon and Alphabet are coming. This is what the stock options market is preparing for.

Earnings from Apple, Amazon and Alphabet are coming.  This is what the stock options market is preparing for.

The options market has prepared for bigger-than-usual moves in the shares of a trio of billion-dollar companies the day after they reported their quarterly results. That’s because the implied volatility, or how much a stock is expected to move in a given time period, of the stock for Apple Inc. AAPL, +3.42%, Alphabet Inc. google, … Read more

Tech stocks extend post-Fed rally, Dow futures lag

Tech stocks extend post-Fed rally, Dow futures lag

US equities were mixed on Thursday, highlighted by a rise in technology stocks following the latest rate hike by the Federal Reserve and ahead of another set of earnings from the tech industry’s biggest players. The tech-heavy Nasdaq Composite (^IXIC) was up more than 3% during afternoon trading. The S&P 500 (^GSPC) added 1.3%, while … Read more

LLY Stock takes a dive after a ‘bump in the road’ puts his latest diabetes med

LLY Stock takes a dive after a ‘bump in the road’ puts his latest diabetes med

Eli Lilly (LLY) experienced a “bump in the road” for its latest diabetes treatment, Mounjaro, an analyst said Thursday as LLY’s shares tumbled. X Mounjaro’s revenue came in at $279.2 million, beating expectations for $288 million to $370 million, according to several analyst calls. Lilly’s slides indicate that Mounjaro is now covered for about 50% … Read more

US weekly jobless claims fall to nine-month low; productivity is gaining speed

US weekly jobless claims fall to nine-month low;  productivity is gaining speed

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more