Rotten Tomato Stocks
No Result
View All Result
  • News
    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    Asian Shares Decline Ahead of Fed Decision on Rates

    Asian Shares Decline Ahead of Fed Decision on Rates

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

  • NYSE
    Greenfire Resources Shares Fall on NYSE Debut

    Greenfire Resources Shares Fall on NYSE Debut

    Salesforce Inc. stock falls Thursday, underperforms market

    Salesforce Inc. stock falls Thursday, underperforms market

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

    Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

    Beyond Meat Inc. stock falls Thursday, underperforms market

    Beyond Meat Inc. stock falls Thursday, underperforms market

    Brighthouse Financial Shares Fall 6.7% on Goldman Sachs Rating Cut

    Brighthouse Financial Shares Fall 6.7% on Goldman Sachs Rating Cut

    Real Good Food Revenue Falls on Tough Market Conditions in US, Europe

    Real Good Food Revenue Falls on Tough Market Conditions in US, Europe

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

    Asian Shares Decline Ahead of Fed Decision on Rates

    Asian Shares Decline Ahead of Fed Decision on Rates

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

    Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

  • NYSE
    Greenfire Resources Shares Fall on NYSE Debut

    Greenfire Resources Shares Fall on NYSE Debut

    Salesforce Inc. stock falls Thursday, underperforms market

    Salesforce Inc. stock falls Thursday, underperforms market

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

    Oracle (NYSE:ORCL) Takes On Some Risk With Its Use Of Debt

  • NASDAQ
    Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

    Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

    Beyond Meat Inc. stock falls Thursday, underperforms market

    Beyond Meat Inc. stock falls Thursday, underperforms market

    Brighthouse Financial Shares Fall 6.7% on Goldman Sachs Rating Cut

    Brighthouse Financial Shares Fall 6.7% on Goldman Sachs Rating Cut

    Real Good Food Revenue Falls on Tough Market Conditions in US, Europe

    Real Good Food Revenue Falls on Tough Market Conditions in US, Europe

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Stock Losses Mount as Investors Eye Earnings, Inflation

Editorial Staff by Editorial Staff
January 21, 2022
0
Stock Losses Mount as Investors Eye Earnings, Inflation

A late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent major indexes deeper into losing territory for the year.

A late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent major indexes deeper into losing territory for the year.

The sharp about-face for the broader market was once again directed by technology stocks, which have been behind choppy trading throughout the week. As investors prepare for higher interest rates, shares in pricey tech companies and other expensive growth stocks look relatively less attractive.

The S&P 500 fell 50.03 points, or 1.1%, to 4,482.73, with nearly 85% of stocks in the index falling. The benchmark index closed at a three-month low after having been up as much as 1.5% earlier in the day. It’s now down 6% for the year.

The Nasdaq fell 186.23 points, or 1.3%, to 14,154.02, after rising as much as 2.1%. The index’s losses in recent months had by Wednesday left it in what Wall Street considers a market correction, or 10% below its peak. Apple fell 1% and chipmaker Nvidia shed 3.7%.

The Dow Jones Industrial Average fell 313.26 points, or 0.9% to 34,715.39.

Investors appeared to be bargain-hunting in early trading, but then reversed course and shifted money back toward safe-play investments. The less risky utilities sector was the only S&P 500 sector to close higher. Retailers and communications companies started out with gains but fell back in the afternoon. Meta Platforms dropped 1% and Lowe’s lost 4.6%.

Stocks are headed for weekly losses in what has so far been a losing month for every major index.

“The backdrop of higher rates and slowing growth is a serious concern, but so are the number of stocks, especially in the Nasdaq, making new 52-week lows,” said Sean Bandazian, senior investment analyst at Cornerstone Wealth. “There are a lot of broken trends out there that could make finding a bottom in the near term a problem.”

More than 500 stocks in the Nasdaq composite index hit 52-week lows Thursday, including Starbucks and T-Mobile.

The downturn follows a strong 2021 where the S&P 500 gained 26.9%. Investors may be resetting their expectations moving forward, said Mark Hackett, chief of investment research at Nationwide.

“Investors are starting to get more realistic about the way the world is going to look going forward,” he said.

The Labor Department gave Wall Street a disappointing update on the labor market with its weekly unemployment report. The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant continued to disrupt the job market.

The job market has had a rocky recovery from the virus pandemic. The unemployment rate fell last month to a pandemic low 3.9%.

Employment data was also closely watched by investors trying to gauge how it might affect the Federal Reserve’s decision to reverse its support for the economy by raising interest rates. The central bank made it clear early in the pandemic that it was basing much of its support on how quickly employment recovers.

The Fed is now expected to raise rates earlier and more often than it had previously signaled in order to fight rising inflation that threatens to derail a further economic recovery. Supply chain problems and higher raw materials costs have prompted businesses to raise prices on finished goods and economists are concerned that consumers will eventually refuse to pay higher prices and cut their spending.

Companies are reminding investors that supply chain problems are still weighing on operations. Recent inflation reports have been worrisome, while data on retail sales has also disappointed.

“These are all the things that are justifying some of the sloppiness we’re starting the year with,” Hackett said.

The latest round of corporate earnings is also giving investors a clearer picture of where Americans are spending money and how inflation is impacting the economy.

American Airlines fell 3.2% and United Airlines slipped 3.4% after warning investors that the latest surge in COVID-19 cases will hurt their finances early in 2022. Both airlines reported losses for the fourth quarter, though they were smaller than analysts’ expected.

Aluminum products maker Alcoa jumped 2.7% after reporting strong fourth-quarter financial results as prices for commodities rose. Insurer Travelers rose 3.2% after handily beating analysts’ financial forecasts.

Peloton shares lost about a quarter of their value after CNBC reported the company is temporarily halting production of its treadmills and exercise bikes. The business news network said it reviewed internal Peloton documents that indicated demand for the company’s connected fitness equipment had fallen sharply because of pricing and competition.

Peloton shares soared early in the pandemic as people exercised at home, but have fallen 85% since closing at an all-time high of $167.42 on Jan. 13, 2021. On Thursday, the shares lost 23.9% to $24.22.

Bond yields rose. The yield on the 10-year Treasury inched up to 1.83% from 1.82%.

Related Posts

Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill
News

Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

September 21, 2023
15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States
News

15,000 Pounds Of Smoked Sausage Recalled For ‘Bone Fragments’ After Being Shipped To Seven States

September 21, 2023
Asian Shares Decline Ahead of Fed Decision on Rates
News

Asian Shares Decline Ahead of Fed Decision on Rates

September 20, 2023
Canadian Food Inspection Agency orders mushroom recall for Listeria contamination
News

Canadian Food Inspection Agency orders mushroom recall for Listeria contamination

September 18, 2023
Load More
Next Post
Asian markets slide after more losses on Wall Street

Asian markets slide after more losses on Wall Street

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Corus Entertainment 4Q Profit Falls

Corus Entertainment 4Q Profit Falls

October 22, 2021
Bitcoin Is Falling: Should You Buy the Dip?

Bitcoin Is Falling: Should You Buy the Dip?

May 3, 2021
US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

June 17, 2021

EDITOR'S PICK

Hot sauce recalled in Canada over microbial contamination

Hot sauce recalled in Canada over microbial contamination

April 24, 2023
Asda recalls three types of mince pies due to health and safety fear – ‘do not eat’

Asda recalls three types of mince pies due to health and safety fear – ‘do not eat’

December 11, 2022
Tennessee Company Refuses US Request to Recall 67 Million Potentially Dangerous Air Bag Inflators

Tennessee Company Refuses US Request to Recall 67 Million Potentially Dangerous Air Bag Inflators

May 14, 2023
fuboTV (NYSE:FUBO) Has Debt But No Earnings; Should You Worry?

fuboTV (NYSE:FUBO) Has Debt But No Earnings; Should You Worry?

May 29, 2021

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

Greenfire Resources Shares Fall on NYSE Debut

Salesforce Inc. stock falls Thursday, underperforms market

POPULAR POSTS

These 4 Measures Indicate That Sempra (NYSE:SRE) Is Using Debt Extensively

Aadi Bioscience, Inc. (NASDAQ:AADI) Short Interest Down 5.1% in August

Beyond Meat Inc. stock falls Thursday, underperforms market

© Copyright 2023 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.