Wall Street stocks are set to extend losses on Wednesday as rising geopolitical tensions and worries about the US economy. Dow Jones futures were down 0.8%, and those for the S&P 500 and Nasdaq were both almost 0.6% lower.
The trend is your friend is a well-known Wall Street catchphrase that often has proven to be correct.
The premarket trading of the three major indices in America are showing signs of pulling back, and perhaps even some hesitation overall.
Boeing appears to be making a longer-term low. The company has been hounded by bad news, falling since 2019 and giving back 78.6% of its ten-year 2009-2019 bull market.
While DOW benefits from investment in high-return projects and cost actions, weak end-market demand and declining estimates cast a pall on its prospects.
While UnitedHealthcare fights another unforeseen headwind, NVIDIA helped the Nasdaq cruise higher.
US stocks are set to see some of their strong gains from the start of the week wiped out, as futures on Tuesday were pointing to a mixed start on Wall Street. Futures for the S&P 500 index were down 0.2%, while those for the tech-powered Nasdaq were less than 0.1% in the red.
Share prices for US equity real estate investment trusts lost ground alongside the broader market during the week ending May 9. The Dow Jones Equity All REIT closed the recent week down 0.61%, while the S&P 500 and Dow Jones Industrial Average logged declines of 0.47% and 0.16%, respectively. Among the Dow Jones US real estate property sector indexes, the apartment REIT index fell the furthest this past week, down 2.94%.
News Corp beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.
US stocks mixed as traders await Fed decision. Alphabet drags Nasdaq while Disney lifts Dow.
For the last 129 years, the iconic Dow Jones Industrial Average (^DJI -0.24%) has served as Wall Street's most front-and-center health barometer.
The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market.