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TORONTO — Canada's main stock index closed down almost 250 points Tuesday with broad-based losses led by the telecom, utilities and base metal sectors, while U.S. stock markets also tumbled. The S&P/TSX composite index closed down 244.46 points at 19,556.15. In New York, the Dow Jones industrial average was down 388.00 points at 33,618.88. The S&P 500 index was down 63.91 points at 4,273.53, while the Nasdaq composite was down 207.71 points at 13,063.61.
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Wall Street hopes for bounce-back, Coinbase CEO joins YF: Yahoo Finance LiveMarkets are looking to recover from a rough day of trading yesterday. The Dow saw its worst day of trading since March, dragged down by recent signals from the Fed and growing concerns over a government shutdown. In crypto, SEC Chair Gary Gensler is set to testify before the House over Bitcoin ETFs. Yahoo Finance has an exclusive interview with Coinbase CEO Brian Armstrong (COIN) at 3 p.m. ET to get his thoughts on the testimony and much more. Trending tickers today include Costco (COST), Amazon (AMZN), and Rivian (RIVN).Top guests today include:9 a.m. ET - Tom Forte, D.A. Davidson Managing Director, Senior Research Analyst9:20 a.m. ET - Takeshi Niinami Suntory Holdings CEO9:40 a.m. ET - Maya MacGuineas, Committee for a Responsible Federal Budget President10:40 a.m. ET - Isabella Casillas Guzman, SBA Administrator11:00 a.m. ET - Fmr. Sen. Byron Dorgan (D) North Dakota
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Coinbase CEO Brian Armstrong exclusive, Meta’s VR announcements: Yahoo Finance LiveIn an exclusive interview with Yahoo Finance airing at 3:30 p.m. ET, Coinbase (COIN) CEO Brian Armstrong calls out what he sees as “harassment” from the Securities and Exchange Commission. In tech news, Meta (META) is unveiling its latest virtual reality products. Other trending tickers on Yahoo Finance include NextEra Energy (NEE), Palantir (PLTR), and Pfizer (PFE).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Fmr. Rep. Joe Crowley, (D) New York3:20 p.m. ET - Jeremy Schwartz, WisdomTree Global Chief Investment Officer3:20 p.m. ET - Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments3:30 p.m. ET - Brian Armstrong, Coinbase CEO4:05 p.m. ET - Rep. Marc Molinaro, (R) New York4:15 p.m. ET - Daniel Morgan, Synovus Trust Senior Portfolio Manager4:30 p.m. ET - Tom Narayan, RBC Capital Markets Lead Equity Analyst, Global Autos
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Nike Q1 earnings expectations for ThursdayNike (NKE) is set to report its fiscal first quarter 2023 earnings results on Thursday, September 28. Wall Street analysts expect the sports apparel giant to post revenue of approximately $13 billion for the quarter with earnings per share forecasted at $0.75 on an adjusted basis. In addition, analysts estimate Nike's gross margin for the quarter to come in at 43.7%, compared to 44.3% in the same period last year. Yahoo Finance's Josh Schafer previews Nike's first-quarter earnings and gives insights into what could impact these earnings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »