• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Stocks waver after S&P 500 enters bull market: Stock market news today
Finance

Stocks waver after S&P 500 enters bull market: Stock market news today

June 9, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Stocks waver after S&P 500 enters bull market: Stock market news today
Share
Facebook Twitter LinkedIn Pinterest Email

Stocks were mixed on Friday morning as investors digested a pairing between two of the largest American automakers and prepared for the Federal Reserve’s next decision on rate hikes.

The S&P 500 (^GSPC), Nasdaq Composite (^IXIC) and the Dow Jones Industrial Average (^DJI) all hovered near the flat line in midday trading on Friday.

The S&P 500 finished Thursday’s trading sessions up more than 20% from its October 2022 lows, officially marking the start of a bull market. The stock rally to start 2023 comes as strong economic data continues to outweigh incessant recession fears.

“I do believe that the worst is behind us,” BMO Capital Markets Chief Investment Strategist Brian Belski, who recently boosted his S&P year-end price target from 4,300 to 4,550, told Yahoo Finance Live. “The Fed, maybe, has one more interest rate increase between now and the end of the year, and that’s OK, but I think most of that has been already priced into the market.”

Shares of Tesla (TSLA) and General Motors (GM) both traded higher at the market open after GM announced Thursday it is joining forces with Tesla to leverage the electric-vehicle maker’s Supercharger Network. The announcement comes two weeks after Ford (F) announced a similar partnership with Tesla to enable access for Ford vehicles to Tesla’s charging network.

“This collaboration is a key part of our strategy and an important next step in quickly expanding access to fast chargers for our customers,” GM CEO Mary Barra said in a press release.

The GMC Hummer EV displayed at the Philadelphia Auto Show, Friday, Jan. 27, 2023, in Philadelphia. (AP Photo/Matt Rourke)

The GMC Hummer EV displayed at the Philadelphia Auto Show, Friday, Jan. 27, 2023, in Philadelphia. (AP Photo/Matt Rourke)

Shares of Docusign (DOCU) tuned negative as the company beat analyst estimates for both revenue and earnings per share in the most recent quarter. Several Wall Street analysts reiterated sell ratings on the stock.

See also  Is China Ready for the Trump Trade War 2.0?

“DocuSign attributed the out-performance to renewal timing, only passed a portion of the 1Q beat to the full year guide and sounded somber about the state of the demand backdrop,” UBS analyst Karl Keirstead wrote in a note to clients after the earnings release.

Meanwhile, Netflix (NFLX) stock gained nearly 3% on Friday after new data from analytics platform Antenna showed US sign-ups for the streaming service jumped by the most in at least four and a half years following the streamer’s password sharing crackdown launching last month.

On the economic front, Friday is expected to be quiet. Markets projecting the Fed’s next move are currently pricing in a 78% chance the Federal Reserve pauses its interest rate hike cycle at its meeting next week.

“The FOMC is likely to pause at its June meeting next week to let the haze clear before it considers another rate hike,” a Goldman Sachs team of economists led by Jan Hatzius wrote in a note to clients Thursday night.

The economists added: “The Fed leadership has signaled that it sees pausing as the prudent course because uncertainty about both the lagged effects of the rate hikes it has already delivered and the impact of tighter bank credit increases the risk of accidentally overtightening.”

Josh is a reporter for Yahoo Finance.

Click here for the latest economic news and economic indicators to help you in your investing decisions

Read the latest financial and business news from Yahoo Finance

Bull Enters market News stock Stocks Today waver
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Homes Sold At A Loss, Numbers Not Seen Since 2016 — But This Booming Alternative Is Open To Anyone

August 24, 2023

Riley Gaines Blasts ‘Virtue Signaling’ Megan Rapinoe for Supporting Trans Athletes Instead of Female Athletes

April 16, 2023

Country Garden: How bad are Chinese property developer’s debt problems?

September 3, 2023

Ohtani Moving to Dodgers in Record 10-yr, $700 Deal

December 10, 2023
Don't Miss

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

Business May 9, 2025

The United States has “not a huge amount of time” before China reaches parity or…

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Nuggets’ Nikola Jokic Issued Foul for Shoving Suns Owner Mat Ishbia

May 8, 2023

Who gets to use the title ‘doctor’?

July 17, 2023

Marilyn Manson’s Primary Accuser Denies She Manipulated Others To Issue False Claims

March 1, 2023
Popular Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.