US stocks opened lower on Tuesday, with the Dow shedding almost 300 points as investors assess Moody's downgrade of 10 small and mid-sized US banks.
The rating agency also published negative outlooks for 11 banks, including Citizens Financial and Capital One.
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Dow sheds more than 150 points as Moody’s bank downgrade rekindles market selloff: Live updatesStocks retreated Tuesday as a decline in bank shares dampened investor sentiment. Nasdaq Composite slid 0.8%. All three were off session lows at close, with the indexes all down more than 1% at their worst respective points in the trading day.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
Stock market today: Dow ends higher ahead of further earnings, inflation updatesThe Dow Jones Industrial Average closed higher as investors awaited further earnings reports and updates on inflation. The stock market showed resilience despite concerns about rising prices and the impact on corporate profits. Investors are closely monitoring earnings releases from major companies and looking for any signs of inflationary pressures. The positive close of the Dow reflects optimism in the market, but uncertainties remain as the earnings season continues and inflation data is released.
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Stock Market Today: Dow Futures SlipStock index futures slipped in early trading Tuesday, suggesting markets will struggle to hold onto gains. Meanwhile, bonds rallied, with 10-year Treasury yields sinking toward 4%. Results are due before the bell from companies including Eli Lilly, UPS and others.
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »
5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day. Tesla's CFO, Zachary Kirkhorn, stepped down from his role on Friday. He was replaced by chief accounting officer Vaibhav Taneja and will stay on to help with the transition, according to an SEC filing. Shares of Tesla fell about 3% after the news, but recovered and closed a little less than 1% on the day.
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