Wednesday, July 28

Stocks

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US stock futures dip as investors eye Big Tech earnings, while Asian equities slide on escalating Chinese clampdowns

Bryan R. Smith / AFP via Getty Images Global stock markets traded lower on Tuesday as investors moved into wait-and-see mode. Alibaba and Meituan shares slide in Hong Kong, on worries about China's regulatory crackdowns. The US rise in COVID-19 cases could prompt the Fed to stick to its pace of asset purchases, a strategist said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks looked poised to open slightly lower on Tuesday as investors focus on earnings reports from major technology companies, while Asian equities slid on concerns about China's clampdowns on key industry sectors.Futures on the Dow Jones, S&P 500, and Nasdaq fell as much as 0.4%, suggesting the indexes will trade lower when markets open later in the day.Tesla reported earnings ...
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US stocks log record highs as investors look to Big Tech to sustain earnings growth

Brendan McDermid/Reuters Dow industrials push further beyond 35,000 in Monday's record-setting highs for stocks. Tesla and Facebook earnings are among those on deck for this week's earnings wave. The Federal Reserve will start its two-day meeting on Tuesday. See more stories on Insider's business page. Stocks finished at record highs Monday as investors set their sights on earnings reports from major technology companies and appeared to set aside concerns about economic recovery in the face of rising coronavirus cases. The Dow Jones Industrial Average pushed further above 35,000 after crossing that threshold for the first time on Friday. Stocks overcame losses earlier in Monday's session to build on record highs notched Friday, capping a rebound from a rout last week. Stocks have...
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US stock futures slip ahead of Tesla earnings in the wake of Asia’s rout, while bitcoin surges past $38,000

Spencer Platt/Getty Images US stocks looked set to open in the red on Monday ahead of Tesla's second-quarter earnings, as Asian equities plunged to a yearly low over tighter government regulations.Futures on the Dow Jones, S&P 500, and Nasdaq fell 0.3%, suggesting a lower start to trading later in the day.Over one third of the S&P 500 companies are set to report earnings results this week, including the biggest tech firms. Elon Musk's electric-vehicle maker kicks off on Monday, followed by Alphabet, Apple, Microsoft on Tuesday, and Facebook on Wednesday.Asian markets returned from the weekend on a weaker footing given the series of regulatory crackdowns in China. The tech sector has already been under pressure in recent weeks. But the government has now turned its eye to the educ...
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Jeremy Grantham’s GMO says stocks are overvalued by every metric, but there are 3 strategies investors can use to weather a crash

Jeremy Grantham cofounded the asset management firm GMO. Boston Globe/Getty Images Stocks worldwide are expensive and US stock valuations are at concerning levels, Jeremy Grantham's firm. GMO defended its view from bears on social media who are frustrated by the firm's negative outook. GMO sees negative returns for 10 of 11 asset classes over the next seven years. See more stories on Insider's business page. Billionaire Jeremy Grantham's investment firm says stocks are too pricey, outlining their view as US equities sit at record highs, with the team offering their advice on how to navigate through what they call a global growth bubble. "Global equity markets rallied impressively in the quarter, pushing some year-to-date numbers into double-digit territory only halfway through...
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Snap soars 17% after a stunning Q2 earnings beat, while Twitter jumps 5%

Snap CEO Evan Spiegel and Twitter CEO Jack Dorsey. Steve Jennings/Getty Images for TechCrunch/Lucas Jackson/Reuters Snap and Twitter's shares rose in pre-market trading on Friday after the social media sites reported second-quarter earnings that beat analyst expectations.Snapchat's parent popped more than 17% after posting a jump in daily active users to 293 million in the quarter, which is about 23% higher than the 238 million daily users reported a year earlier. That beat the 290.3 million expectation of analysts polled by StreetAccount.Revenue for the quarter more than doubled to $982 million, compared to the $846 million expectation of analysts polled by Refinitiv.Snap's net loss shrank 53% to $152 million, compared to its $326 million loss a year ago. Twitter also had...
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US stocks edge higher on blockbuster tech earnings, while Asian equities dip on concerns of tighter market regulation

TIMOTHY A. CLARY/AFP via Getty Images US stock futures rose on Friday as investors focused on strong tech earnings, and shrugged off underwhelming economic data ahead of next week's Federal Reserve meeting.Futures on the Dow Jones, S&P 500, and Nasdaq rose 0.4%, signaling a higher start to trading later in the day.A fresh round of company earnings saw tech stocks outperform, with both Snap and Twitter beating earnings estimates and rising in after-hours trading. Facebook and Alphabet shares also rose in extended trading. US initial jobless claims for the week ended Saturday came in at 419,000, far above expectations of 350,000, but analysts said this was dismissed by investors as "seasonal." Separately, the potential $1 trillion infrastructure deal is getting closer to th...
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How stock quotes can better inform your investing decisions

A stock quote is the price of a particular stock that's listed on an exchange. Stock quotes also provide the stock's low and high prices and the opening price for the day. The information shown on a stock quote will vary based on the platform or service you're using. Visit Insider's Investing Reference library for more stories. LoadingSomething is loading. ...
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What is a short squeeze? Understanding why they happen and how they work

A short squeeze is when a shorted stock's price rises and sellers close their position to avoid a loss. Signs of a short squeeze include frequent buying of a high number of shares being sold short. Buy-limit orders and hedging strategies offer short-sellers some protection against a short squeeze. Visit Business Insider's Investing Reference library for more stories. LoadingSomething is loading. ...
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Dow rises 285 points for 2nd straight daily gain as focus shifts away from growth worries to earnings season

Stocks are on the mend following pullbacks from record highs. Brendan McDermid/Reuters The Dow Jones Industrial Average climbed 285 points to extend a relief rally on Wednesday. The S&P 500 also rose and the Nasdaq Composite pushed through early weakness. Johnson & Johnson was among the Dow stocks that raised its annual earnings guidance. See more stories on Insider's business page. US stocks closed higher Wednesday, led by blue-chips as many corporate behemoths upgraded financial guidance, though questions linger about global economic recovery as COVID-19 infections rise. The Nasdaq Composite overcame earlier weakness while the Dow Jones Industrial Average soared 285 points to advance for a second straight day of gains. The Dow was helped by shares of Coca-Cola, Johnson & Joh...
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A Japanese homebuilder’s stock fell 10% after the boss banned staff from getting vaccinated-and said those who do would be punished

A man receives a COVID-19 vaccine at the Tokyo Metropolitan Government office. YOSHIKAZU TSUNO/POOL/AFP via Getty Images Japan homebuilder Tama Home's stock fell 10% on a report its boss threatened vaccinated employees. The president said those who get jabbed would die five years later, a weekly magazine reported. The company denied the report, saying the decision to get vaccinated is an individual choice. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares in Japanese homebuilder Tama Home fell 10% on Wednesday, marking their biggest one-day fall in over three years, after a report said the company's president warned employees they'd be punished if they get vaccinated for coronavirus.Company president Shinya Tamaki told managers he was against vaccin...