Globalstocksnews – News About Capital Markets

S&P 500 touches highest level since August 2022.

SoFi shares receive a boost from reinstated student loan payments

Despite Inflation, U.S. Equities Hit 5-month high

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This Week in the Markets – Footlocker, Interest Rates, Morgan Stanley, Buffett

May 20, 2023May 20, 2023globalstocksnews Comment

Stocks close lower, but posted a positive week. The Dow Jones Industrial Average dropped 109.28 points, or 0.33%, to 33,426.63. The S&P 500 [...]

Exxon Mobil (XOM:NYSE) and Chevron (CVX:NYSE) both reaped profits not seen since 2008.

May 7, 2023globalstocksnews

The two of the largest oil companies in the world collectively posted $18 billion in first-quarter profits, showing resilience even as oil and [...]

Meta’s earnings beat, US GDP slows, Fox and Tucker Carson part ways: Headlines that defined the week

April 30, 2023globalstocksnews

Hedge funds post big losses betting against tech stocks which surprised Wall Street with better-than-expected earnings. Recession signs grow more evident with US [...]

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Tesla (TSLA:NASDAQ) share falls 10% as series of price cuts hurt earnings

April 22, 2023globalstocksnews

Shares of Tesla (TSLA:NASDAQ) FINISHED 9.75% lower, a day after the company reported declining earnings and margins from recent price cuts implemented to [...]

Branson’s Virgin Orbit (VORB:NASDAQ) files for bankruptcy

April 12, 2023globalstocksnews

Shares of Virgin Orbit (VORB:NASDAQ) sank 23% Tuesday after the space satellite company filed for Chapter 11 bankruptcy protection. Virgin Orbit also said [...]

Alibaba (BABA:NYSE) to split companies into six groups in radical overhaul

March 31, 2023globalstocksnews

Alibaba (BABA:NYSE) stocks soared to close 14.26% higher in extended trading Tuesday after the company announced a significant overhaul to split the tech [...]

Shares of GameStop (GME:NYSE) pop after surprise earnings beat

March 25, 2023globalstocksnews

Shares of GameStop (GME:NYSE) popped more than 45% in extended trading Tuesday after the video game retailer posted a quarterly profit for the [...]

Costco (COST:NASDAQ) proving to be a long-term value play for investors

March 3, 2023globalstocksnews

Costco (COST:NASDAQ) posted fiscal second-quarter earnings results Thursday after market close that mostly beat expectations. As consumers sought out value and moved away [...]

Wall Street posts its worst performance of the year as Home Depot (HD:NYSE) and Walmart (WMT:NYSE) issue bleak forecasts

February 22, 2023globalstocksnews

Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in [...]

S&P 500 touches highest level since August 2022.