26 minutes ago
Eli Lilly starts the week 4% lower
Eli Lilly started the week down 4% on Monday, pushing its losses for the week to more than 7%.
The company has been one of this year's best performers, still up about 25%, driven in part by enthusiasm for weight loss drugs. The rapid rise brought Eli Lilly's market capitalization to over $700 at one point, making it the eighth largest company in the United States.
58 minutes ago
S&P 500 has another tough first trading day of the new year
The S&P 500 has struggled recently on the first day of a new trading week, and that trend looks to continue on Monday.
The comprehensive index fell by about 0.5% last time. If this holds until the close, it will be the sixth consecutive day the stock has ended in the red since the start of a new trading week.
The trend marks a reversal from 2023, when the S&P 500 ended Monday higher in three or more of the four weeks, according to Bespoke Investment Group.
— Alex Harring
1 hour ago
Bally's stock price soars after takeover offer
This illustrated photo taken on December 1, 2022 in Krakow, Poland, shows the Bally Sports logo and a basketball displayed on a mobile phone screen.
Jakub Porzycki | Nurfoto | Getty Images
Bally's stock soared more than 23% on Monday following Standard General's offer to buy the casino operator for $15 per share.
It will fall by more than 5% in 2024.
2 hours ago
stocks start low
2 hours ago
AI stocks struggle
Rafael Enrique | Light Rocket | Getty Images
Some of the major stocks related to artificial intelligence fell on Monday.
Supermicrocomputers fell more than 3% before the bell, and Nvidia fell more than 1%. The Global X Artificial Intelligence and Technology ETF (AIQ) as a whole fell about 0.2%.
The setback comes as investors question how far many of these names can advance after the increased attention generated by the technology sparked a monster rally.
— Alex Harring
3 hours ago
Cryptocurrency stocks make the biggest moves in Monday's premarket
Below are some stocks that will make big moves before the bell.
Click here for a complete list of stocks on the move.
— Samantha Subin
4 hours ago
Nvidia enters pre-market
Jonathan Ra | Null Photo | Getty Images
Despite early gains in pre-market trading on Monday, Nvidia fell into negative territory. Artificial intelligence stocks last fell about 1%.
This morning's stock price trends are as follows.
See chart…
Nvidia, 1 day
4 hours ago
Stock prices fall after a losing week
Last week was a tough one for the three major indexes.
The blue-chip Dow Jones Industrial Average fell 0.9% last week, its worst one-week performance since October. The broader S&P 500 index fell 0.3%, and the tech-heavy Nasdaq Composite Index fell 1.2%.
— Alex Harring
13 hours ago
Tech stocks weigh on Nikkei as GDP data reveals path for Bank of Japan rate hike
Japan's Nikkei Stock Average led the decline in Asian markets on Monday, falling more than 2% dragged by tech stocks.
Semiconductor manufacturing equipment maker Advantest Inc. was the biggest decliner in the index, dropping 6.32%, according to FactSet. This was followed by peer company Screen Holdings, which fell 5.75%.
Top decliners include SoftBank Group, which fell 5.19%, and Kawasaki Heavy Industries, which fell 4.16%.
14 hours ago
Revised fourth quarter data shows economic growth rate of 0.4%, Japan avoids technology recession
A man passes an electronic bulletin board showing the exchange rate of the Japanese yen against the US dollar on a street in Tokyo on February 14, 2024.
Kazuhiro Nogi | AFP | Getty Images
Japan recorded a revised annualized GDP growth rate of 0.4% in the fourth quarter, avoiding a technical recession.
This comes after previous estimates showed Japan's economy contracted by an annualized 0.4% in the fourth quarter, after a revised 3.3% in the third quarter, meeting the definition of a technical recession. That's what it means.
If the GDP figures turn positive, it could pave the way for the Bank of Japan to raise interest rates sooner rather than later.
Read the full text here.
— Lim Huijie
15 hours ago
China returned to inflation in February, CPI rose 0.7%
China has also set a one-year GDP target of around 5%, amid concerns from analysts that policy support is insufficient to reach the target.
Bloomberg | Bloomberg | Getty Images
China's consumer price index rose 0.7% in February compared to the same month last year, marking the first time in four months that the country's inflation rate rose.
The figure was a marked reversal from the 0.8% drop in January, which also marked China's highest deflation since September 2009, and also exceeded the 0.3% rise expected by economists polled by Reuters.
Month-on-month, the CPI rose 1%, higher than the 0.7% rise expected in a Reuters poll and compared with January's 0.3% rise.
Separately, the country's producer price index fell 2.7% year-on-year, exceeding the 2.5% decline in January.
— Lim Huijie
17 hours ago
Consumer price index to be released this week
Vegetables are on sale at a grocery store in Chicago, Illinois on February 13, 2024.
Scott Olson | Getty Images
According to a survey of economists by Dow Jones, February's consumer price index, which will be released on Tuesday, is expected to see prices rise 0.4% from the previous month and 3.1% from a year ago. This compares to increases of 0.3% and 3.1% respectively in the previous survey.
According to consensus forecasts, core CPI, which excludes volatile food and energy prices, is expected to rise 0.3% month-on-month and 3.7% year-on-year. Previously, it had risen 0.4% from the previous month, or 3.9% annually.
— Sarah Min
17 hours ago
Stock futures trading remains largely unchanged
U.S. stock futures were little changed Sunday night.
Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures fell 0.04% and 0.11%, respectively.
— Sarah Min