Business
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6 cities where women earn more
The U.S. has a long way to go when it comes to women’s equality in the workplace. The evidence? While America is ranked 20th out of 189 in the Women’s Workplace Equality Index — which measures legal obstacles to women’s economic participation worldwide — it is behind countries such as Australia, Canada and Mexico. Women are also…
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Treasury yields dip after jobless claims jump to nearly two-year high
U.S. Treasury yields edged lower Thursday morning after new jobless claims showed the number of people who applied for unemployment benefits in early June jumped to a nearly two-year high, while investors reassessed Federal Reserve policy trajectory following unexpected interest-rate rises by central banks in Australia and Canada. What’s happening The yield on the 2-year…
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GameStop, FuelCell stocks fall, Tesla, Carvana shares rally and other stocks on the move
Here are some of the bigger stock movers on Thursday. Stock gainers: Tesla Inc.’s stock TSLA, +3.06% jumped nearly 4% in midday trading, to put it on track for a 10th-straight gain, which would be the longest win streak in more than two years. Data out of China showed that the electric vehicle giant delivered…
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Nasdaq opens higher as tech stocks attempt to claw back losses after punishing selloff
U.S. stocks opened mixed on Thursday as richly-valued technoloy stocks attempted to shake off pressure from renewed worries about the outlook for interest rates. What’s happening The S&P 500 SPX, +0.12% gained 3 points, or 0.1%, to 4,270. The Dow Jones Industrial Average DJIA, +0.15% fell by 7 points, or less than 0.1%, to 33,661.…
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Big Tech’s added bulk in S&P 500 in 2023 outweighs index’s energy sector, DataTrek says
Big Tech’s market value in the S&P 500 index has surged to more than a quarter of the index, with just seven stocks this year adding heft larger than the weight of its entire energy sector, according to DataTrek Research. Companies known as Big Tech, including Apple Inc. AAPL, -0.78%, Microsoft Corp. MSFT, -3.09%, Google…
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Netflix stock rises toward 16-month high as analyst praises path to make more money on ‘borrowers’
Shares of Netflix Inc. jumped toward a fresh 16-month high Wednesday, after J.P. Morgan analyst Doug Anmuth boosted his price target by 24%, amid increased optimism over the opportunity for the streaming video giant to make money on password sharers and borrowers. Anmuth said that, following Netflix’s “Upfront” presentation in mid-May, he had increased confidence…
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As tech companies take over the market again, don’t forget these bargain dividend stocks
If you are an index-fund investor, you’re probably feeling pretty good right now — the S&P 500 has returned 12.1% so far this year, with dividends reinvested, following its 18% decline in 2022. But this is a tech-led rally reversing last year’s pain. The S&P 500 SPX, -0.38% is heavily concentrated, which is wonderful for…
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Turkish lira sinks to fresh low after report state lenders stop defending currency
[]The Turkish lira sank to new lows against the U.S. dollar on Wednesday, as concerns mounted over challenges facing the country’s new finance minister, and after a report that state lenders have stopped selling dollars to defend the currency. []The dollar USDTRY, +0.26% climbed to 23.133 against the lira, a drop of 6.3%. That’s as…
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U.S. stocks open higher as S&P 500 attempts exit from bear market
U.S. stocks opened higher Wednesday, attempting to extend Tuesday’s rally and push the S&P 500 index to a fresh high, after closing at the highest level since last August, with investors weighing the economic outlook, after data shows U.S. trade deficit widened sharply in April. How are stock-index futures trading? The Dow Jones Industrial Average…