The S&P 500 and the Nasdaq fell in choppy trading on Thursday, as megacap stocks remained under pressure, while investors kept tabs on the raging quarterly earnings season and a mixed bag of data.
dropped 6.3% to a two-month low as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales.On the data front, durable goods rose 4.7% in September, higher than the estimated 1.7%, while jobless claims climbed to 210,000 in the week ended Oct. 21, versus the expected 208,000.
"The Fed looks at jobs and inflation as to whether they're going to tighten even more. So, in the case of GDP, good news is good news and it's a Goldilocks morning of economic data."said its ground forces had pushed into Gaza overnight to attack Hamas targets. Israeli Prime Minister Benjamin Netanyahu said the country was "preparing for a ground invasion" that could be one of several.
Advancing issues outnumbered decliners by a 1.40-to-1 ratio on the NYSE and by a 1.14-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 21 new lows, while the Nasdaq recorded five new highs and 182 new lows.United Parcel Service cut its 2023 revenue forecast for the second straight quarter on Thursday as delivery demand continued to soften ahead of the key holiday season, sending its shares down 5% in early trading.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russell 2000 on 'Crash Watch' as Nasdaq, S&P 500 Remain Above SupportStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
Read more »
S&P 500, Nasdaq fall at open as Alphabet slidesS&P 500, Nasdaq fall at open as Alphabet slides
Read more »
S&P 500, Nasdaq dip as Alphabet slidesThe Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while post-earnings gains in Microsoft and Boeing helped lift the Dow.
Read more »
S&P 500, Nasdaq Futures Down as Alphabet SlidesFutures tracking the Nasdaq and the S&P 500 slipped Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields.
Read more »
S&P 500, Nasdaq slump as tech shares lead U.S. stocks lower after mixed earningsIsabel Wang is a Markets Reporter for MarketWatch.
Read more »
Nasdaq, S&P 500 slump as tech shares lead U.S. stocks lower after mixed earningsFrances Yue covers the cryptocurrency market for MarketWatch.
Read more »