Goldman Sachs Warns Clients of More Equity Market Losses in Second Half of 2022
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
MS Consumer Survey: 2/3 Plans to Cut Spending Next 6 Months, 30% Reports No Savings
July 1, 2022 8:21 AM EDTAs much as 2/3 of consumers are planning to cut their spending over the next 6 months due to high inflation, Morgan Stanley warns.
After inflation, the U.S. political environment is a cause of concern for 41% of survey respondents, with the COVID-19 spread falling to 25% from the prior 32%.
Apart from inflation, low-income consumers are generally more worried about the inability... More
BofA's Bull and Bear Indicator is at 'Maximum Bearish' For a Third Week In a Row
July 1, 2022 7:34 AM EDTInvestors have continued to exit stocks and bonds in a week to Wednesday, June 29, Bank of America strategists led by Michael Hartnett wrote in a client note today.
Global outflows from stocks and bonds were at $5.8 billion and $17 billion, respectively, in addition to $1.1 billion outflows from gold.
Hartnett highlighted that inflows to... More