Shares of Texas Instruments Inc and Verizon Communications Inc have been in a sharp downtrend in recent months, but the sell-off has made neither of these any more attractive to own. In fact, Michael Landsberg dubbed both a “value trap” in a recent interview with CNBC.
Texas Instruments falls after the chip maker’s first-quarter earnings forecast misses estimates, and Boeing declines after revealing it expects to post a wider fourth-quarter loss because of strikes at the aerospace giant.
Verizon Communications delivered exceptional performance in the fourth quarter of 2024, marking its strongest mobile subscriber growth in five years. The telecommunications giant surpassed market expectations by adding nearly one million new contracts across its mobile and broadband segments,
The S&P 500 hit a high. Tesla launched the new Model Y in the U.S. and Europe. AI stocks like Nvidia are testing key levels.
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ET, Dow E-minis were down 78 points, or 0.17%, S&P 500 E-minis were down 12 points, or 0.20% and Nasdaq 100 E-minis were down 46.5 points, or 0.21%. Tariffs are high on investors' minds after Trump referred to the policies multiple times at separate events this week but did little to lay out entire details of the surcharges he plans to impose on trade partners of the United States.
NEW YORK — U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week . The S&P 500 slipped 0.3% a day after setting a record. The Dow Jones Industrial Average dipped 140 points, or 0.3%, and the Nasdaq composite sank 0.5%.
The SP 500 achieved a two-week winning streak despite a 0.3% decline on Friday, retreating from a fresh intraday record high of 6,128.18. The NASDAQ Composite dropped 0.5%, while the Dow Jones Industrial Average
Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.