Dow falls 200 points with bank shares under pressure from Moody’s downgrade
jumped more than 20% after reporting second-quarter revenue of $183 million, beating analysts' estimate of $177 million, per Refinitiv.stocks done reporting quarterly results, about four-fifths of them have beaten Wall Street's expectations, according to FactSet.
to the test. Economists polled by Dow Jones are calling for a monthly increase of 0.2% in July and a year-over-year rise of 3.3%.had its best day since June 15. The technology-heavy Nasdaq and the S&P 500 broke four-straight sessions of losses.shares plummeted more than 20% after the software company issued weaker-than-expected revenue guidance for the third quarter and trimmed its full-year outlook.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow pops 400 points to start the week: Live updateLast week was the worst for the S&P 500 and Nasdaq Composite since March. The pasta sauce maker, Campbell Soup, slipped around 1%, bringing shares to their cheapest price in more than a year. The moves follow a losing week on Wall Street. The Nasdaq Composite and S&P 500 slid about 2.9% and 2.3%, respectively, marking their worst weeks since March. The Dow finished the week about 1.1% lower.
Read more »
Elon Musk says he's 300 pounds, Zuck may win on enduranceElon Musk says he weighs 300 pounds, and if the Zuckerberg cage match becomes a long fight, Zuck will 'win on endurance'
Read more »
San Diego Humane Society Transfers Over 300 Small Pets to Arizona SheltersThe San Diego Humane Society transported hundreds of small pets in their care to shelters in Arizona to help alleviate the pressure on their shelters while trying to give pets a chance at finding a home.
Read more »
Former Flight Attendant to Push Beverage Cart 300 Miles to Honor 9/11 CrewsPaul Veneto, a retired United Airlines flight attendant, will push a beverage cart for 300 miles from New Jersey to Pennsylvania to pay tribute to the flight crews who lost their lives on September 11, 2001. This act serves as a reminder of their heroic sacrifice.
Read more »
Red Hot Chili Peppers Play the Hits, Lana Del Rey Is Perfectly Moody at Lollapalooza 2023Lil Yachty, Lana Del Rey, Red Hot Chili Peppers, Rina Sawayama, A Boogie Wit Da Hoodie, and a pinch-hit appearance by Alvvays were among the highlights of Lollapalooza 2023's all-star final day.
Read more »
Moody's downgrades 10 US banks, warns of possible cuts to othersMoody's, the ratings agency, has downgraded the credit ratings of several U.S. banks and is reviewing the status of some of the nation's largest lenders.
Read more »