Stock Market News for Mar 15, 2024

Zacks03-15

Wall Street closed lower on Thursday, dragged down by real estate and utility stocks. Investors’ mood was dampened by a slew of economic data released throughout the day that fell short of ...

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Investors’ mood was dampened by a slew of economic data released throughout the day that fell short of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-mar-15-132500003.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market News for Mar 15, 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market News for Mar 15, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-15 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-mar-15-132500003.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street closed lower on Thursday, dragged down by real estate and utility stocks. Investors’ mood was dampened by a slew of economic data released throughout the day that fell short of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-mar-15-132500003.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-mar-15-132500003.html","article_id":"2419906901","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fFD9fCthqg6UXLwVeM.ySg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b6ea7df5018c50d91e404365cf2dc475"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419906901","pubTimestamp":1710509100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street closed lower on Thursday, dragged down by real estate and utility stocks. Investors’ mood was dampened by a slew of economic data released throughout the day that fell short of expectations. All the three major stock indexes ended in the red.The tech-heavy Nasdaq Composite lost 49.24 points, or 0.3%, to close at 16,128.53.Since the release of the consumer-side inflation numbers, which came in line with expectations, investors have been keeping a close watch on the Producer Price Index  numbers from February to gauge the reaction of the Fed.Mega-cap growth stocks, like those from the tech sector, usually seem overvalued if an economy faces the risk of a gradual slowdown. While talks of a recession are currently on the back burner, with no clear signals from the Fed as to when the first rate-cut might be announced, the market remains volatile. Utilities and Real estate were the hardest hit sectors on the day.Consequently, shares of American Electric Power Company, Inc. AEP an","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","XLE":"SPDR能源指数ETF","XLF":"金融ETF","BK4561":"索罗斯持仓","BK4079":"房地产服务","NWS":"新闻集团","BK4135":"资产管理与托管银行","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4111":"出版","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","XLRE":"Real Estate Select Sector SPDR Fund","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4539":"次新股","XLU":"公共事业指数ETF-SPDR","BN":"Brookfield","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4570":"地缘局势概念股","PPI":"AXS Astoria Inflation Sensitive ETF","BK4585":"ETF&股票定投概念","AEP":"美国电力","COMP":"Compass, Inc.","BK4081":"电力公用事业"},"translate_title":"2024年3月15日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLU":1,"NWS":1,"PPI":1,"AEP":1,"BN":1,"XLE":1,"XLF":1,"XLRE":1,"COMP":0.9,"US7Y.BOND":0.62,"US6M.BOND":0.62,"US5Y.BOND":0.62,"US3Y.BOND":0.62,"US30Y.BOND":0.62,"US12M.BOND":0.62,"US10Y.BOND":0.62,"US2Y.BOND":0.62,"US912797FS14.BOND":0.6,"US912797HH31.BOND":0.6,"US912797HG57.BOND":0.6,"US912797HE00.BOND":0.6,"US912797GX99.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GQ49.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GB79.BOND":0.6,"US912797FH58.BOND":0.6,"US912796CX52.BOND":0.6},"content_text":"Wall Street closed lower on Thursday, dragged down by real estate and utility stocks. Investors’ mood was dampened by a slew of economic data released throughout the day that fell short of expectations. All the three major stock indexes ended in the red.\nHow Did the Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) fell 137.66 points, or 0.4%, to close at 38,905.66. Twenty-three components of the 30-stock index ended in negative territory, while seven ended in positive.\nThe tech-heavy Nasdaq Composite lost 49.24 points, or 0.3%, to close at 16,128.53.\nThe S&P 500 slid 14.83 points, or 0.3%, to close at 5,150.48. Nine of the 11 broad sectors of the benchmark index closed in the red. The Real Estate Select Sector SPDR (XLRE), the Utilities Select Sector SPDR (XLU) and the Financials Select Sector SPDR (XLF) declined 1.4%, 0.8% and 0.8%, respectively, while the Energy Select Sector SPDR (XLE) advanced 1%.\nThe fear-gauge CBOE Volatility Index (VIX) increased 4.7% to 14.40. A total of 13.1 billion shares were traded on Thursday, higher than the last 20-session average of 12.1 billion. Decliners outnumbered advancers by a 3.77-to-1 ratio on the NYSE. On the Nasdaq, declining issues outnumbered advancing ones by a 3.08-to-1 ratio.\nPPI Numbers Come in Much Hotter Than Expected\nSince the release of the consumer-side inflation numbers, which came in line with expectations, investors have been keeping a close watch on the Producer Price Index (PPI) numbers from February to gauge the reaction of the Fed.\nOn Thursday, the U.S. Bureau of Labor Statistics reported that PPI for final demand rose 0.6% in February, almost double of what was expected. PPI for January remained unrevised at an increase of 0.3%. On a year-over-year basis, PPI rose 1.6%, the most since moving up 1.8% for the 12 months ended September 2023.\nCore PPI, which excludes food, energy and trade services, increased 0.4% in February after rising 0.6% in January. Year over year, core PPI moved up 2.8%.\nThe producer-side inflation numbers, which came in hotter than expected, weighed down on the markets. While even before this month’s inflation numbers were released, it was expected that there would be no rate cuts by the Fed, post the release, the market has cut down on the odds of a June rate cut to 62.9%, per the CME's FedWatch Tool. The same number was at a high of 81.7% a week ago.\nMega-cap growth stocks, like those from the tech sector, usually seem overvalued if an economy faces the risk of a gradual slowdown. While talks of a recession are currently on the back burner, with no clear signals from the Fed as to when the first rate-cut might be announced, the market remains volatile. Utilities and Real estate were the hardest hit sectors on the day.\nConsequently, shares of American Electric Power Company, Inc. AEP and Brookfield Corporation BN lost 1.4% and 2.2%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nThe Labor Department said on Thursday that initial jobless claims fell to 209,000, decreasing 1,000 for the week ending Mar 9. The previous week's level was revised down by 7,000 from 217,000 to 210,000. The four-week moving average decreased to 208,000, marking a fall of 500 from the previous week. The prior week's average was revised down by 3,750 to 208,500.\nContinuing claims came in at 1,811,000 for the week ending Mar 2, increasing 17,000 from the previous week’s revised level. The previous week's level was revised down by 112,000 from 1,906,000 to 1,794,000. The four-week moving average was 1,799,250, an increase of 2,000 from the previous week's revised average. Last week's average was revised down by 91,000 from 1,888,250 to 1,797,250.\nThe U.S. Census Bureau reported that retail sales for February had increased by 0.6% compared with the consensus of 1% for the period. The number for January was revised down to a decrease of 1.1% from the previously reported decrease of 0.8%.\nThe U.S. Census Bureau also reported that business inventories for January came in virtually unchanged, while the December figure was revised down to a 0.3% increase against the previously reported 0.4%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerican Electric Power Company, Inc. (AEP) : Free Stock Analysis Report\nBrookfield Corporation (BN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419906901"}