Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is making progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the … Read more

Meta Platforms Shares Surge on Cost Cuts, Stock Buyback

Business Shares of social media companies are on pace for the largest percentage increase in nearly a decade

High mortgage rates: the one reason it’s so hard for the Fed to shed trillions of dollars in housing debt

The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down its inflation fight, even before it hardly puts a dent in its pile of mortgage bond holdings. “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said in his news conference … Read more

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +2.54%, Alphabet Inc. GOOGLE, … Read more

Why the Stock Market Can Go Higher, for Now

Text size Stock prices took off on Thursday morning. Here, a view from the New York Stock Exchange. Michael M. Santiago/Getty Images The market has had a great 2023 so far, but the rally may be here for a good time, not a long time. That doesn’t mean that investors can’t enjoy the ride. After … Read more

Apple Stock Typically Gains After Earnings. That Could Change This Time.

Text size Apple reports earnings after the markets close on Thursday. Getty Images Apple reports earnings after the markets close Thursday, and after a quarter of problems for the tech company, investors may be concerned that the stock won’t perform as well as it has in the past. On average since 2007, the year the … Read more

Dow down 259 points on losses in shares of UnitedHealth, Travelers

Shares of UnitedHealth and Travelers are trading lower Thursday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of UnitedHealth UNH, -3.54% and Travelers TRV, -4.09% are contributing to the index’s intraday decline, as the Dow DJIA, -0.62% was most recently trading 259 points (0.8%) lower. UnitedHealth’s shares have dropped $18.49, or 3.7%, … Read more

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of … Read more

Meta Results Are Mixed But the Stock Is Soaring on Expense Cuts

Text size A Meta employee demonstrates the Meta Quest Pro VR Headset in Las Vegas in January. Robyn Beck/AFP/Getty Images Meta Platforms shares spiked in late trading Wednesday after the company disclosed fourth quarter financial results and announced a new round of cuts to its 2023 spending plan. In another shareholder friendly move, the Facebook … Read more

Asian markets rise after Fed sees inflation improving

BEIJING — Asian stock markets gained Thursday after the Federal Reserve said the US economy is moving towards lower inflation but more interest rate hikes are planned. The Nikkei 225 NIK, +0.19% in Tokyo added 0.2%. The Hang Seng HSI, +0.41% in Hong Kong advanced 0.3% and the Shanghai Composite Index SHCOMP, +0.29% gained 0.2%. … Read more