Diamondback Energy

Live Updates Live Coverage Has Ended S&P Holds Grip 1:39 pm by Gerelyn Terzo The broader market is moving slightly higher, with the S&P 500 holding onto modest gains while the Dow Jones Industrial Average and Nasdaq Composite move lower. UnitedHealth (NYSE: UNH) is a major drag on the Dow and S&P 500 today, losing over 20% on the day. The S&P 500 is being helped by Eli Lilly (NYSE: LLY), which is up 16% today. Discount retailer Dollar Tree and fintech stock (NYSE: FIS) are holding onto their gains as well, rising 7% and 9%, respectively. The markets are headed for a holiday-shortened week for which the S&P 500 is currently in the losing column. Markets Spooked 11:07 am by Gerelyn Terzo The stock market has erased earlier gains, with the S&P 500 now being pressured lower alongside the Dow Jones Industrial Average and Nasdaq Composite. In this holiday-shortened week, the markets are on track for their third straight day of losses. The S&P 500 is being pressured lower by UNH and GPN stock on earnings and M&A news, respectively. Energy as a sector is up 2.2% today, fueled by gains in FANG stock. Yesterday’s hawkish comments from Fed Chairman Jerome Powell are spooking markets further in an already uncertain climate. The markets are struggling to maintain any sort of upward momentum, as the S&P 500 watches its modest gains slip away today. Stocks are being driven by tariff uncertainty between the U.S. and China, hawkish comments out of the Fed and the latest earnings results. The Dow Jones Industrial Average has set a negative tone due to UnitedHealth Group’s (NYSE: UNH) disappointing earnings results, pressuring the healthcare sector lower too. UNH stock is also part of the S&P 500. Tech as a sector is under pressure today, while energy stocks continue to show off with gains. Fed Chairman Jerome Powell’s comments are still ringing in the ears of traders and investors, leading to greater market uncertainty. Powell warned that the tariffs could thwart the central bank’s efforts to rein in inflation and spark economic growth, placing a question mark on monetary policy surrounding interest rates. Discount retailer Dollar Tree (Nasdaq: DLTR) is bucking the downward trend today, rising 5% as a beneficiary of an economic slowdown. Investors have been flocking to discount retailers for protection in a potential economic recession that could result from the tariff climate. DLTR stock has gained approximately 25% from its March low of about $61 per share. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Down 718.47 (-1.8%) Nasdaq Composite: Down 115.71 (-0.71%) S&P 500: Down 15.21 (-0.30%) Market Movers Fintech giant FIS (NYSE: FIS) is rising 6% on the day after announcing two multi-billion dollar deals in one fell swoop involving WorldPay and Global Payments’ (NYSE: GPN) Issuer Solutions division. GPN stock is falling by 17% today. Diamondback Energy (Nasdaq: FANG) is extending its gains today as the energy rally continues to unfold in full force. The company is repurchasing stock in the face of market volatility in a bid to return value to shareholders. The post S&P 500 (NYSEARCA: SPY) Live: DLTR (Nasdaq: DLTR), FIS (NYSE: FIS) Rise Despite Hawkish Tone appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

The Dow Jones Industrial Average is tumbling by another 440 points in midday trading today, as President Trump criticized Federal Reserve chairman Jerome Powell's position, but the fact he is not trying to fire him heartened enough investors that the S&P 500 has bounced back into positive territory.» Mehr auf 247wallst.com

Live Updates Live Coverage Has Ended S&P Sinks 3% in Tech-Fueled Sell-Off 3:21 pm by Gerelyn Terzo Technology stocks are in freefall mode, sending the S&P 500 to its lows of the session for a decline of 3%. Federal Reserve Chairman Jerome Powell addressed the tariffs, saying that they complicate the central bank’s efforts to tame inflation and grow the economy. Policymakers are seeking greater clarity before tweaking monetary policy. Bank of America CEO Brian Moynihan is factoring in zero interest rate cuts in 2025. Magnificent Seven stocks are falling anywhere between 4% and 9.8%, pressuring the S&P 500 and Nasdaq Composite lower. Here’s a look at the damage as of late afternoon trading: Dow Jones Industrial Average: Down 860 (-2%) Nasdaq Composite: Down 709.16 (-4.2%) S&P 500: Down 163.62 (-3.0%) Tech Falls, Energy Rises 1:04 pm by Gerelyn Terzo The markets are mired in losses as tech stocks are sent reeling from the tariff fallout. All three of the major stock market averages are lower, including a 1.2% drop in the S&P 500. The tech-heavy Nasdaq Composite is falling a steeper 2%, pressured by Nvidia (Nasdaq: NVDA) and Advanced Micro Devices (Nasdaq: AMD), both of which are also part of the S&P 500 index. Palantir Technologies (Nasdaq; PLTR) is losing about 6% on the day. Energy stocks are the rare winners of the day, with a 2% sector gain led by Diamondback Energy’s (Nasdaq; FANG) 3.8% advance. Earnings Growth 11:16 am by Gerelyn Terzo The S&P 500 is now lower by less than 1% on the day, off of its worst levels of the session. Over the past five days, the broader market index has lost 2% of its value as earnings season rolls on. FactSet published a report revealing that the S&P 500 is expected to report Q1 earnings growth of 7.3%, year over year. If that becomes reality this earnings season, it will represent the seventh-consecutive quarter of earnings growth for the index. Historically, most S&P 500 companies print results that exceed estimates, suggesting the index will show growth closer to the 10% area. The markets remain stuck in the doldrums, owing to tariffs, but appear to be coming off their lows of the morning. The S&P 500 is lower by 1.1%, while the Nasdaq Composite and Dow Jones Industrial Average are losing 1.8% and 0.5%, respectively. Retail sales climbed higher by a better-than-expected 1.4% in March, reflecting a resilient consumer. And earnings season is going swimmingly so far. But good news was overshadowed by tariff woes in this headline-driven market after technology leader Nvidia (Nasdaq: NVDA0) warned of an upcoming $5.5 billion charge on China exports of its processors. Most sectors are seeing red today, including a steep 2.6% drop in tech, while energy stocks are moving higher as a group by 1.8%. J.B. Hunt Transport (Nasdaq: JBHT) is down a steep 8.4% today. Transportation stocks are often considered a gauge of the economy, and signs of an economic slowdown are weighing on the stock. Management has warned that demand could be impacted by the trade wars. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Down 208.19 (-0.52) Nasdaq Composite: Down 328.13 (-1.9%) S&P 500: Down 62.71 (-1.1%) Market Movers In addition to Nvidia, Advanced Micro Devices (Nasdaq; AMD) also cautioned that it expects its charge for China exports to reach $800 million, sending shares lower by a whopping 6.3%. We’ve also got some gainers in the S&P 500. Pharma stock Abbott Labs (NYSE: ABT) is rising 5.2% this morning on a Q1 earnings print that surpassed consensus expectations. ABT is a steady dividend-paying stock with a dividend yield of 1.8%. The company’s profits and revenues have been growing thanks to robust demand for its nutrition products and its medical devices, both of which are making up for some weaker market segments. Travelers (NYSE: TRV) is gaining 3.6% on the heels of its earnings report. At $257 per share, the insurance stock is within a stone’s throw of its 53-week high. The post S&P 500 (NYSEARCA: SPY) Live: JBHT (Nasdaq: JBHT) Falls, ABT (NYSE: ABT) Rises on Tariff Fallout appeared first on 24/7 Wall St..» Mehr auf 247wallst.com