All posts in Stock Market Updates

U.S. stocks fell sharply in late trading Monday on news that Apple ( AAPL ) plans to slow hiring and curb spending next year to prepare for a possible recession. [Click here to read what’s moving markets on July 19, 2022] Bloomberg news reported Monday afternoon that the hiring slowdown and the spending cuts will occur in certain divisions and stem from a move to “exercise more caution in times of uncertainty,” according to people familiar with the matter who asked not to be identified. Apple shares closed up 2.1%. The S&P 500 and Nasdaq each fell about 0.8%, while…

Elle Mundus/iStock via Getty Images The stock market went up last week. July 2022 saw the stock market’s best monthly performance since 2020. The S&P 500 rose 9.1 percent in July, its biggest monthly gain since November 2020. The NASDAQ rose 12.3 percent, its biggest monthly gain since April 2020. The reason? Sonal Desai, chief investment officer for fixed income at Franklin Templeton, is quoted in the Financial Times as saying “Financial markets only heard what they wanted to hear and ignored the rest.” And what did some members of the investment community feel? First of all, the economy is…

Technology stocks led the markets higher for a third straight session on Thursday as investors weighed in on a slew of mixed earnings and a surprise rate hike by the European Central Bank. [Click here to read what’s moving markets on Friday, July 22] The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Shares of Amazon ( AMZN ) rose for a seventh straight day, putting the e-commerce giant on pace for its longest winning streak since June 2020. Shares are up 13% over the seven…

Ellenkaspring/iStock via Getty Images Thesis Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a “buy-write” closed-end fund. The vehicle has performed admirably over the past decade, increasing by over 461% in terms of total return and showing long periods of time when outperformed its benchmark, the Technology Select Sector SPDR Fund (XLK). The CEF has a 10-year Sharpe ratio of 0.85 with a standard deviation of 21.47% and has achieved an average annual total return of more than 16% over a 10-year look back: Average annual returns (fund fact sheet) The fund presents an extremely attractive risk/reward analysis and…

US stocks fell on Tuesday after Walmart (WMT) earnings notice on Monday night and ahead of a slew of tech gains and the Fed’s latest policy statement on Wednesday. At the closing bell, the benchmark S&P 500 lost 1.2%, while the Dow fell 0.7%. The tech-heavy Nasdaq fell 1.9%, the index’s third straight session of losses, and the Nasdaq’s third straight day of losses outpaced those suffered by the S&P and the Dow. Walmart stock (WMT) fell more than 7% after the retail giant cut its profit outlook for the second quarter and for the full year on Monday afternoon,…

Edison International (NYSE:EIX – Get a score) issued an update on its fiscal 2025 earnings guidance on Friday morning. The company provided EPS guidance of $5.50 to $5.90 for the period. The company issued revenue guidance of -. Edison International rises 3.5% Shares of EIX traded up $2.28 during midday trading on Friday, reaching $67.77. The company’s stock had a trading volume of 2,941,193 shares, compared to its average volume of 1,943,840. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.63, and a quick ratio of 0.58. Edison International has a twelve month low of $54.14…