Stock market today: World shares mostly lower, oil advances

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

European shares opened mixed on Friday after benchmarks in Asia dipped, following Wall Street down amid more signals the U.S. economy may be slowing.

A person walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, April 21, 2023 in Tokyo. Shares are weaker in Asia after benchmarks dipped on Wall Street following mixed earnings reports from big companies and more signals the U.S. economy may be slowing.

But other issues such as Federal Reserve's next policy meeting, in May, and the looming expiration of the U.S. national debt ceiling are coming into focus, Stephen Innes of SPI Asset Management said in a commentary. Germany's DAX lost 0.2% to 15,763.02. In Paris, the CAC 40 was down 0.1%, at 7,548.64. Britain's FTSE rose 0.3% to 7,921.76.In Asian trading, Tokyo's Nikkei 225 index lost 0.3% to 28,564.37. The Kospi in Seoul dropped 0.7% to 2,544.40. Hong Kong's Hang Seng gave up 1.6% to 20,075.73.On Thursday, the S&P 500 fell 0.6%, weighed down by Tesla on worries about how much profit it’s making on each of its electric vehicles.

AT&T sank 10.4% after it reported slightly weaker revenue than analysts forecast, though profit squeaked past expectations. Analysts also pointed to weaker cash flow than some expected. It was the worst day for its stock in two decades and its second-worst since late 1983. Lam Research, a supplier for the semiconductor manufacturing industry, rose 7.2% after it reported profit and revenue for the latest quarter that beat Wall Street’s forecast.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Earnings Show Wall Street’s Diverging Views On Streaming Growth PotentialThe company's first-quarter results didn't sway most finance experts from their previously held bull or bear opinions. A couple of them upgraded their stock price target though. Some of those Earnings need to be distributed back to the Talent that added the most value to the copyright once creatives discover the power of transparent immutable distributed ledger technology. We use Bitcoin protocol to send them payments the Play Button. Trustless Cash.
Source: THR - 🏆 411. / 53 Read more »

The most heavily short stocks on Wall Street include some biotechs and two movie chainsThese names had short positions amounting to at least 25% of their total float at the end of March, according to FactSet. You forgot evgo with over 34% shorted. But why anyone would short one of the best ways to combat the climate crisis is beyond me, especially now with impacts increasing. It must be fossil fuel hounds. But I have no doubt they'll get theirs in the end.
Source: CNBC - 🏆 12. / 72 Read more »