Stock Market News for May 8, 2024

Zacks05-08

Market News Wall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts. Market participants were assessing strong earnings ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433517778?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Jl3EwVqWPtr7Q3yYhe.A1g--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1585b73748775a131bbef61f41be0a77","is_english":true,"pubTime":"2024-05-08 21:32","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2433517778","market":"us","top_or_hot":-1,"title":"Stock Market News for May 8, 2024","media":"Zacks","content":"<div>\n<p>Market News\nWall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts. Market participants were assessing strong earnings ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-may-8-133200607.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 May 8, 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 May 8, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-08 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-may-8-133200607.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market News\nWall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts. Market participants were assessing strong earnings ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-may-8-133200607.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":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-may-8-133200607.html","article_id":"2433517778","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Jl3EwVqWPtr7Q3yYhe.A1g--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1585b73748775a131bbef61f41be0a77"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433517778","pubTimestamp":1715175120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts. Market participants were assessing strong earnings results. The Dow and the S&P 500 ended in positive territory, while the Nasdaq Composite finished in the negative zone.Investors are eagerly looking for clues from the Fed on interest rate adjustments in light of concerns about rising prices. Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, highlighted the importance of addressing pressures while hinting that interest rates may stay steady for a while. Despite mentioning an approach to raising rates, Kashkari stressed the significance of monitoring how monetary policy impacts the economy. Investors are looking forward to hearing more from Fed governor Lisa Cook and Chicago president Austan Goolsbee this week, which could provide clarity on the Fed’s future decisions.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4581":"高盛持仓","BK4504":"桥水持仓","BK4183":"个人用品","BK4590":"PTP","XLP":"消费品指数ETF-SPDR主要消费品","IVV":"标普500指数ETF","XLRE":"Real Estate Select Sector SPDR Fund","SSO":"两倍做多标普500ETF","XLU":"公共事业指数ETF-SPDR","KVUE":"Kenvue Inc","OEX":"标普100",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SH":"标普500反向ETF","XLY":"消费品指数ETF-SPDR可选消费品","BK4585":"ETF&股票定投概念","VOO":"Vanguard标普500ETF","BK4534":"瑞士信贷持仓","BK4146":"鞋类","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","CROX":"卡骆驰","USAC":"USA Compression Partners L.P.","BK4535":"淡马锡持仓","XLB":"材料ETF","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4588":"碎股","COMP":"Compass, Inc.","BK4561":"索罗斯持仓"},"translate_title":"2024年5月8日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLY":1,"XLU":1,"XLRE":1,"XLP":1,"XLB":1,"KVUE":1,"USAC":1,"US10Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"CROX":0.9,"COMP":0.9,"US30Y.BOND":0.9,"US3Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"US7Y.BOND":0.9,"VOO":0.67,"SPY":0.67,"US912797HH31.BOND":0.6,"US912797HE00.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GB79.BOND":0.6,"US912797FS14.BOND":0.6,"US912797FH58.BOND":0.6,"ESmain":0.6,"IVV":0.6,"UPRO":0.6,"SSO":0.6,".SPX":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6},"content_text":"Market News\nWall Street ended mixed on Tuesday as investors eagerly awaited signals from the Federal Reserve regarding potential interest rate cuts. Market participants were assessing strong earnings results. The Dow and the S&P 500 ended in positive territory, while the Nasdaq Composite finished in the negative zone.\nHow Did the Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) rose 0.1% or 31.99 points to close at 38,884.26. Notably, 20 components of the 30-stock index ended in positive territory, while 10 finished in red.The tech-heavy Nasdaq lost 16.69 points or 0.1% to close at 16,332.56.The S&P 500 gained 0.1% or 6.96 points to end at 5,187.70. Of the 11 broad sectors of the benchmark, eight ended in positive territory, while three ended in the red zone. The Materials Select Sector SPDR (XLB), the Utilities Select Sector SPDR (XLU), the Consumer Staples Select Sector SPDR (XLP) and the Real Estate Select Sector SPDR (XLRE) rose 1.2%, 1.1%, 1.1% and 1.1%, respectively, while the Consumer Discretionary Select Sector SPDR (XLY) declined 0.7%.The fear-gauge CBOE Volatility Index (VIX) was up 0.7% to 13.32. The S&P 500 posted 49 new 52-week highs and two new 52-week lows. The Nasdaq Composite registered 155 new 52-week highs and 69 new 52-week lows.\nFederal Reserve Weighs Inflation Concerns\nInvestors are eagerly looking for clues from the Fed on interest rate adjustments in light of concerns about rising prices. Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, highlighted the importance of addressing pressures while hinting that interest rates may stay steady for a while. Despite mentioning an approach to raising rates, Kashkari stressed the significance of monitoring how monetary policy impacts the economy. Investors are looking forward to hearing more from Fed governor Lisa Cook and Chicago president Austan Goolsbee this week, which could provide clarity on the Fed’s future decisions.\nStrong Earnings\nCrocs, Inc. CROX reported first-quarter 2024 adjusted earnings of $3.02 per share, beating the Zacks Consensus Estimate of $2.25. The footwear company generated total revenues of $938.63 million, beating the Zacks Consensus Estimate by 6.20%.Kenvue Inc. KVUE reported first-quarter 2024 adjusted earnings of 28 cents per share, beating the Zacks Consensus Estimate of 25 cents. This consumer health company generated total revenues of $3.89 billion, surpassing the Zacks Consensus Estimate of $3.8 billion.USA Compression Partners, LP USAC reported first-quarter 2024 adjusted earnings of 16 cents per share, beating the Zacks Consensus Estimate of 12 cents. This natural gas compression services company generated total revenues of $229.3 million, outpacing the Zacks Consensus Estimate of $226.4 million.Consequently, shares of Crocs, Kenvue and USA Compression Partners returned 7.8%,6.4% and 3.1%, respectively. Crocs currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nPer a report released by the Federal Reserve, consumer credit for March came in at $6.3 billion against a consensus of $15 billion for the period. The number for February was revised up to $15 billion from the previously reported $14.1 billion.\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\nCrocs, Inc. (CROX) : Free Stock Analysis Report\nUSA Compression Partners, LP (USAC) : Free Stock Analysis Report\nKenvue Inc. (KVUE) : 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/2433517778"}