$109.48
-1.08 (-0.98%)
XLY News30 articles
Oil Surge Above $100 Sinks Dow, S&P 500; Energy Stocks Rally
Brent crude's climb above $100 hit cyclical stocks, pulling the Dow down 0.8% while the S&P 500 fell 0.5%. Energy shares rallied, and Meta's surge cushioned the Nasdaq.
Nasdaq Rises 1.4% as Fed's Waller Signals Possible Rate Pause
The Nasdaq advanced 1.4% as Fed Governor Waller hinted at a possible pause in rate hikes. Tech stocks led gains, while yields eased.
Tech-Led Rally Lifts Nasdaq 1.4% as Treasury Yields Slide
Wall Street climbed midday as lower bond yields fueled a tech-led rally. The Nasdaq gained 1.4%, while Snowflake soared 21% on strong results.
Dow Futures Edge Higher as Snowflake Soars, Broadcom Slips
Dow futures led U.S. equity markets higher in early trading, with Snowflake soaring on raised guidance and Broadcom slipping despite record results. Oil prices firmed amid geopolitical tensions.
Dell Surges on AI Server Demand; MongoDB Slides Despite Strong Growth
Dell surged 8.7% after record AI server orders, while MongoDB dropped 12% despite strong growth. Tech stocks were mixed as oil prices and Treasury yields rose.
Apple Rally Trims Nasdaq Loss as Market Breadth Weakens
Apple's 3% gain helped trim the Nasdaq's midday slide to 0.48%, but breadth remains thin as oil and yields pressure markets. Defensive sectors lead.
Stocks Trim Losses as Oil Holds Near $88 and Yields Pressurize
U.S. equities trimmed early losses by late morning Tuesday, but the Nasdaq still fell 0.76% as oil near $88 and a 4.77% 10-year yield kept pressure on valuations.
Oil Shock Amplifies Tech Selloff; Nasdaq Slides 1.1%
Tech stocks led a broad market decline as an oil shock and rising yields rattled investors. The Nasdaq fell 1.1%, while energy shares gained.
Tech Futures Slide 1.4% as Oil Tops $92, Yields Climb
Nasdaq-100 futures dropped 1.35% as oil prices surged past $92 and bond yields climbed, squeezing growth stocks. Energy led premarket gains, while most sectors declined.
Oil Surge Weighs on Wall Street as Energy Outperforms
U.S. equities slipped Monday as Brent crude climbed above $90, reigniting inflation concerns. Energy stocks outperformed, while utilities sank on wildfire liability worries.
2027 Social Security COLA Forecast: 3.8% Hike Could Boost Payments by $63B
A projected 3.8% Social Security COLA for 2027 could add $63 billion to annual payments, boosting retirees' spending power, though final rate awaits inflation data.
30-Year Treasury Yield Surges to 19-Year High as Fed Holds Rates Steady
The 30-year Treasury yield hit a 19-year high of 5.247% after the Fed held rates steady, with real yields leading a sixth straight weekly gain.
Auxly Cannabis Shares Jump After 14-for-1 Reverse Split, Valued at C$263M
Auxly Cannabis shares climbed 3.2% on its first day after a 14-for-1 reverse stock split, giving the company an implied valuation of about C$263 million.
Chipotle Stock Sheds $1.8 Billion as Outbreak Fallout Continues
Chipotle shares tumbled 4.1%, erasing $1.8 billion in market cap as the company grapples with the lingering impact of a recent outbreak. Foot traffic fell 6.9%.
Consumer Sentiment Dips to 2023 Low, Yet Retail Sales Hold Steady
Economic pessimism among Americans reached 61% in July, the highest since December 2023, yet June retail sales grew 6.7% year-over-year, with consumer staples leading market gains.
Levi Strauss Stock Dips After Earnings Beat, Tariff Concerns Loom
Levi Strauss shares slipped after-hours despite topping Q2 estimates and raising its full-year guidance, as investors focused on tariff exposure and uneven demand.
Nike Stock Rally Tempered by Tariff-Driven Margin Concerns
Nike shares jumped 8.2% in a holiday-shortened week, but Q4 earnings show gross margin improvement was driven almost entirely by a $986 million tariff recovery, with core business trends remaining mixed.
Avis Budget Stock Surges 11% on $650M Settlement Details
Avis Budget Group shares surged 11.3% after a filing revealed a $650 million settlement with Pentwater, boosting market cap by nearly $585 million.
Ford Stock Falls as F-Series Supply Piles Up Ahead of Key H2 Test
Ford Motor (F) dropped 2.4% after reporting a 10.3% decline in Q2 U.S. sales, with F-Series inventory piling up to 88 days' supply, raising concerns over potential price cuts.
Nike Shares Edge Up as Tariff Gains Offset Earnings Dip
Nike (NKE) gained 0.9% after Q4 earnings beat estimates, driven by a tariff-recovery benefit, but a 26% rise in receivables and flat revenue raised demand concerns.
Ford Stock Slips Despite Quality Gains as Recall Woes Persist
Ford Motor Company (NYSE:F) stock declined 0.7% to $14.02, underperforming the broader market, despite a 21% improvement in J.D. Power initial quality scores. The company continues to lead the industry with 51 recalls in 2026.
S&P 500 at High Valuations Stirs Crash Fears Amid Mixed Signals
The S&P 500's high valuation and mixed historical signals have sparked talk of a potential 2026 stock market crash, with AI-driven profits under pressure from rising rates.
Nike Posts Mixed Q3, Beats Sales Forecasts Amid China and Margin Pressures
Nike reported third-quarter revenue of $11.28 billion, matching year-ago levels and exceeding analyst forecasts, though net income dropped 35% to $520 million. The company continues to face headwinds in Greater China and from higher tariffs.
JB Hi-Fi Soars on Strong Earnings and Dividend Boost
JB Hi-Fi shares jumped 8.1% following robust first-half results, with sales rising 7.3% to A$6.10 billion and profit up 7.1%. The retailer also raised its interim dividend and payout ratio target.
Home Depot Eyes $391 as Packed Week Brings Fed Minutes, Inflation Data
Home Depot shares edged higher to $391.05 Friday. Markets face a compressed week with critical Fed minutes and economic data ahead of the retailer's quarterly report.
Nike Shares Slide Below Key Technical Levels Amid Focus on Upcoming Product Launches
Nike shares declined 1.1% in extended trading Wednesday, falling below critical 50- and 200-day moving averages. Investors are monitoring upcoming Jordan Brand and Levi's collaborations for demand signals.
Gap Shares Retreat as Strong Jobs Data Clouds Rate Cut Outlook
Gap stock closed lower after a robust U.S. jobs report tempered expectations for near-term Federal Reserve rate cuts, with investors shifting focus to upcoming inflation data.
McDonald's Shares Dip Pre-Earnings Amid Focus on Consumer Trends, Costs
McDonald's stock declined slightly ahead of its quarterly results, with investors assessing consumer resilience and rising beef costs. Options markets anticipate a 3% price swing.
Apple's iPhone 18 Pro Max Price Hike: A $1,299 Test of Consumer Demand
Apple's $1,299 iPhone 18 Pro Max carries an 8.3% price increase, allowing unit sales to fall 7.7% before revenue dips. Preorders begin Saturday, with margins and consumer demand in focus.
ASX 200 Slides to Six-Week Low as Consumer Confidence Plunges 5.2%
Australia's ASX 200 dropped 0.7% to a six-week low as consumer confidence plunged 5.2%, amplifying worries about sticky inflation and elevated interest rates.