News Formal

Stocks rise as S&P 500 tries to snap 5-day losing streak

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Traders weighed the likelihood of a recession next year as the Federal Reserve tries to tame inflation.

The retailer, that's been widely connected with the meme stock craze, shared a decline in sales for its fiscal third quarter and reported a downdraft in its cash pile.

Baird's Colin Sebastian, one of the few analysts still covering the retailer, suspended his rating and price target on the stock, predicting more store closures and workforce reductions ahead. The Dow Jones Industrial Average futures rose 126 points, or 0.4%. Both the S&P 500 and Nasdaq Composite added 0.4%.Argus upgraded shares ofto a buy from a hold rating, saying the telecom stock could rally on the expansion of its customer base and increased spending in 5G.

"AT&T's wireless business has been a star in 2022 as the company has added substantial numbers of subscribers despite a price increase," Bonner wrote. "Although it has not gained as many subscribers as industry leader T-Mobile, it has done better than Verizon's subscriber losses and anemic numbers."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

U.S. stocks end mostly lower, with S&P 500 suffering longest losing streak since OctoberU.S. stocks closed mostly lower Wednesday, with the S&P 500 falling a fifth straight day as investors continued fearing a recession could be triggered by the... The recession is caused by bad govt policy leading to inflation requiring the Fed to intervene. Let’s all be clear about that moving forward
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

U.S. stocks open higher after five straight day of losses for S&P 500U.S. stock indexes opened modestly higher on Thursday after the S&P 500 booked its five consecutive declines as fears of a recession gripped Wall Street. The...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

S&P 500 books fourth straight day of losses as U.S. stocks close sharply lowerU.S. stocks ended sharply lower Tuesday as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average dropped around 350 points to close 1% lower: 5th time’s the charm When’s this recession starting? lmao
Källa: MarketWatch - 🏆 3. / 97 Läs mer »