The major averages slid on Wednesday, with the tech-heavy Nasdaq registering its worst session this month.
for the fiscal first quarter. The company's earnings and revenue outlook for the second quarter also fell short of the Street's estimates, as did full-year revenue guidance. RetailerIt was a notably difficult day for the equity markets. More than 400 stocks in the S&P 500 were negative on the day, and all 11 sectors tumbled.yield, which topped 4.6%, weighed upon investor sentiment, according to Ross Mayfield, Baird investment strategy analyst.
"We have a 'higher for longer' backdrop, which is not new news, but in the catalyst vacuum, is weighing upon the average stock — particularly at an extended valuation like we're currently at," Mayfield said.On Thursday, investors will be looking toward weekly jobless claims numbers. The second reading of the real gross domestic product for the first quarter is also due.
Earnings season continues Thursday, with Best Buy and Dollar General set to announce quarterly results in the morning. Dell Technologies, Costco, Gap and Nordstrom will report earnings after the bell.Futures tied to the Dow Jones Industrial Average declined 258 points, or 0.7%.Stocks making the biggest moves midday: Abercrombie & Fitch, Netflix and moreNBC 7 Responds
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.
1 Stock to Buy, 1 Stock to Sell This Week: Salesforce, Dollar GeneralStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Dell Technologies Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Robinhood stock adds 3% after initiating $1 billion stock buyback programRobinhood stock adds 3% after initiating $1 billion stock buyback program
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, TargetStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Ross Stores Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
GameStop Stock Soars Amid 'Roaring Kitty' Meme Stock RallyTrading was halted multiple times after Keith Patrick Gill, known for igniting GameStop’s massive 2021 rally, resurfaced online after a long hiatus
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Walmart, DeereStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Cisco Systems Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Arista Networks, Rivian AutomotiveStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, General Motors Company. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »