Shares of Texas Instruments Inc and Verizon Communications Inc have been in a sharp downtrend in recent months, but the sell-off has made neither of these any more attractive to own. In fact, Michael Landsberg dubbed both a “value trap” in a recent interview with CNBC.
Texas Instruments falls after the chip maker’s first-quarter earnings forecast misses estimates, Boeing declines after revealing it expects to post a wider fourth-quarter loss because of strikes at the aerospace giant,
ET, the Dow Jones Industrial Average fell 0.12 per cent, the S&P 500 gained 0.01 per cent, the Nasdaq Composite lost 0.03 per cent
Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations.
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The S&P 500 hit a high. Tesla launched the new Model Y in the U.S. and Europe. AI stocks like Nvidia are testing key levels.
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ET, Dow E-minis were down 78 points, or 0.17%, S&P 500 E-minis were down 12 points, or 0.20% and Nasdaq 100 E-minis were down 46.5 points, or 0.21%. Tariffs are high on investors' minds after Trump referred to the policies multiple times at separate events this week but did little to lay out entire details of the surcharges he plans to impose on trade partners of the United States.
U.S. stocks are edging back from their all-time high as they close out a second straight winning week. The S&P 500 fell 0.4% on Friday, a day after setting a
Boeing (NYSE: BA) stock fell 1.2% after the aircraft manufacturer said it will post a bigger-than-anticipated loss of around $4 billion in its most recent quarter, as it grappled with a prolonged strike, charges related to US government projects and expenses linked to a slew of job cuts.
Verizon Communications earnings surpassed Wall Street’s expectations as higher prices for the company’s mobile plans helped its wireless service business make more money than a year ago. Verizon reported adjusted earnings of $1.
Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.