{"id":1229,"date":"2023-02-18T11:02:51","date_gmt":"2023-02-18T16:02:51","guid":{"rendered":"https:\/\/embarrdowns.com\/mixed-market-action-as-stocks-react-to-fed-bitcoin-hits-6-month-high\/"},"modified":"2023-02-18T11:02:52","modified_gmt":"2023-02-18T16:02:52","slug":"mixed-market-action-as-stocks-react-to-fed-bitcoin-hits-6-month-high","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/mixed-market-action-as-stocks-react-to-fed-bitcoin-hits-6-month-high\/","title":{"rendered":"Mixed Market Action as Stocks React to Fed, Bitcoin Hits 6-Month High"},"content":{"rendered":"

U.S. stocks ended mixed on Friday as investors weighed comments from Federal Reserve officials, who suggested more aggressive rate hikes in order to contain inflation.[0]<\/a><\/sup> The S&P 500 (^GSPC) dropped 0.3%, while the Dow Jones Industrial Average (^DJI) added 0.4%, recovering from early-session losses.[1]<\/a><\/sup> The Nasdaq Composite (^IXIC), which is heavily focused on technology, decreased by 0.6[2]<\/a><\/sup><\/p>\n

In single stock moves, shares of DraftKings (DKNG) jumped 15.3% after the sports betting platform said fourth-quarter revenue was up 81% year-over-year to $855 million, more than analysts were expecting.[3]<\/a><\/sup> The firm reported a lower-than-expected per-share loss of 53 cents and raised its outlook for the whole year.[4]<\/a><\/sup> DoorDash (DASH) was another big post-earnings mover, though its shares fell 7.6% after the food delivery company reported a wider-than-expected Q4 loss.[5]<\/a><\/sup><\/p>\n

Deere & Co. (DE) shares rose 7.5% Friday \u2014 the most in two years \u2014 after the world\u2019s biggest tractor maker raised its earnings guidance above estimates thanks to sustained high crop prices that kept farmers spending.[6]<\/a><\/sup> The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.815%, while the dollar index traded near the flatline at $103.88.[7]<\/a><\/sup> US benchmark WTI crude oil was trading at around $76.35 a barrel, which was 2.7% lower than previous.[8]<\/a><\/sup><\/p>\n

Roku (ROKU) stock jumped 11.2% after the streaming company reported a slimmer-than-expected fourth-quarter loss of $1.70 per share on higher-than-anticipated revenue of $867 million.[9]<\/a><\/sup> The corporation further declared that active customers and streaming hours had increased in comparison to the 3rd quarter.[10]<\/a><\/sup><\/p>\n

ADI experienced a 7.5% increase in share price with high trading volume after announcing financial results that exceeded expectations for their first fiscal quarter.[9]<\/a><\/sup> The semiconductor company’s stock price rose above 5% of the 180.05 purchase point of a cup base.[11]<\/a><\/sup><\/p>\n

The price of Bitcoin (BTC-USD) surged to a six-month peak amidst ongoing jitters in the cryptocurrency industry due to tighter regulations.[2]<\/a><\/sup><\/p>\n

0. <\/span>“Nasdaq, S&P, Dow on track to end mixed, but well off their session lows” Seeking Alpha, 17 Feb. 2023, https:\/\/seekingalpha.com\/news\/3937764-nasdaq-sp500-dow-jones-stock-market-fed-rate-hikes-earnings<\/a><\/a><\/p>\n

1. <\/span>“Stocks End Week Slightly Lower on Tough Fedspeak: Markets Wrap” Yahoo Finance, 17 Feb. 2023, https:\/\/finance.yahoo.com\/news\/stocks-asia-set-drop-wall-222737989.html<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Stocks sell off after hot inflation report, hawkish Fedspeak” Yahoo Money, 16 Feb. 2023, https:\/\/money.yahoo.com\/stock-market-news-live-updates-february-16-2023-122740853.html<\/a><\/a><\/p>\n

3. <\/span>“U.S. stocks end mixed, Dow books longest weekly losing streak since September as traders bet on more Fed rate hikes” MarketWatch, 17 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-further-losses-on-fed-rate-hike-jitters-bfd51efc<\/a><\/a><\/p>\n

4. <\/span>“Stock Market Today: Stocks Close Mostly Lower Amid Rate-Hike Worries” Kiplinger’s Personal Finance, 17 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021723-stocks-close-lower-amid-rate-hike-worries<\/a><\/a><\/p>\n

5. <\/span>“S&P 500 off lows but remains under pressure as rate-hike fears dent tech By Investing.com” Investing.com, 17 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-off-lows-but-remains-under-pressure-as-ratehike-fears-dent-tech-3007413<\/a><\/a><\/p>\n

6. <\/span>“Central Bank Comments on Tighter Monetary Policy Weighs on Stocks” Barchart, 17 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14311438\/central-bank-comments-on-tighter-monetary-policy-weighs-on-stocks<\/a><\/a><\/p>\n

7. <\/span>“Dow Jones Dives Amid Inflation Data Surprise; Elon Musk Offers This Defense Amid Big Tesla Recall” Investor’s Business Daily, 16 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-falls-amid-inflation-data-surprise-elon-musk-lashes-out-amid-big-tesla-recall-tesla-stock-tsla-stock-microsoft-stock-ai-chatgpt\/<\/a><\/a><\/p>\n

8. <\/span>“U.S. stocks are mixed after Fed officials stoke rate fears By Investing.com” Investing.com, 17 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/us-stocks-are-falling-after-fed-officials-stoke-rate-fears-3007153<\/a><\/a><\/p>\n

9. <\/span>“S&P Futures Tick Lower Ahead of Key U.S. PPI Data” Barchart, 16 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14260125\/s-p-futures-tick-lower-ahead-of-key-u-s-ppi-data<\/a><\/a><\/p>\n

10. <\/span>“Stock Market Today: Hot Inflation Data Sends Stocks Lower” Kiplinger’s Personal Finance, 16 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021623-hot-inflation-data-sends-stocks-lower<\/a><\/a><\/p>\n

11. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks ended mixed on Friday as investors weighed comments from Federal Reserve officials, who suggested more aggressive rate hikes in order to contain inflation.[0]<\/a><\/sup> The S&P 500 (^GSPC) dropped 0.3%, while the Dow Jones Industrial Average (^DJI) added 0.4%, recovering from early-session losses.[1]<\/a><\/sup> The Nasdaq Composite (^IXIC), which is heavily focused on technology, decreased by 0.6[2]<\/a><\/sup><\/p>\n

In single stock moves, shares of DraftKings (DKNG) jumped 15.3% after the sports betting platform said fourth-quarter revenue was up 81% year-over-year to $855 million, more than analysts were expecting.[3]<\/a><\/sup> The firm reported a lower-than-expected per-share loss of 53 cents and raised its outlook for the whole year.[4]<\/a><\/sup> DoorDash (DASH) was another big post-earnings mover, though its shares fell 7.6% after the food delivery company reported a wider-than-expected Q4 loss.[5]<\/a><\/sup><\/p>\n

Deere & Co. (DE) shares rose 7.5% Friday \u2014 the most in two years \u2014 after the world\u2019s biggest tractor maker raised its earnings guidance above estimates thanks to sustained high crop prices that kept farmers spending.[6]<\/a><\/sup> The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.815%, while the dollar index traded near the flatline at $103.88.[7]<\/a><\/sup> US benchmark WTI crude oil was trading at around $76.35 a barrel, which was 2.7% lower than previous.[8]<\/a><\/sup><\/p>\n

Roku (ROKU) stock jumped 11.2% after the streaming company reported a slimmer-than-expected fourth-quarter loss of $1.70 per share on higher-than-anticipated revenue of $867 million.[9]<\/a><\/sup> The corporation further declared that active customers and streaming hours had increased in comparison to the 3rd quarter.[10]<\/a><\/sup><\/p>\n

ADI experienced a 7.5% increase in share price with high trading volume after announcing financial results that exceeded expectations for their first fiscal quarter.[9]<\/a><\/sup> The semiconductor company’s stock price rose above 5% of the 180.05 purchase point of a cup base.[11]<\/a><\/sup><\/p>\n

The price of Bitcoin (BTC-USD) surged to a six-month peak amidst ongoing jitters in the cryptocurrency industry due to tighter regulations.[2]<\/a><\/sup><\/p>\n

0. <\/span>“Nasdaq, S&P, Dow on track to end mixed, but well off their session lows” Seeking Alpha, 17 Feb. 2023, https:\/\/seekingalpha.com\/news\/3937764-nasdaq-sp500-dow-jones-stock-market-fed-rate-hikes-earnings<\/a><\/a><\/p>\n

1. <\/span>“Stocks End Week Slightly Lower on Tough Fedspeak: Markets Wrap” Yahoo Finance, 17 Feb. 2023, https:\/\/finance.yahoo.com\/news\/stocks-asia-set-drop-wall-222737989.html<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Stocks sell off after hot inflation report, hawkish Fedspeak” Yahoo Money, 16 Feb. 2023, https:\/\/money.yahoo.com\/stock-market-news-live-updates-february-16-2023-122740853.html<\/a><\/a><\/p>\n

3. <\/span>“U.S. stocks end mixed, Dow books longest weekly losing streak since September as traders bet on more Fed rate hikes” MarketWatch, 17 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-further-losses-on-fed-rate-hike-jitters-bfd51efc<\/a><\/a><\/p>\n

4. <\/span>“Stock Market Today: Stocks Close Mostly Lower Amid Rate-Hike Worries” Kiplinger’s Personal Finance, 17 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021723-stocks-close-lower-amid-rate-hike-worries<\/a><\/a><\/p>\n

5. <\/span>“S&P 500 off lows but remains under pressure as rate-hike fears dent tech By Investing.com” Investing.com, 17 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-off-lows-but-remains-under-pressure-as-ratehike-fears-dent-tech-3007413<\/a><\/a><\/p>\n

6. <\/span>“Central Bank Comments on Tighter Monetary Policy Weighs on Stocks” Barchart, 17 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14311438\/central-bank-comments-on-tighter-monetary-policy-weighs-on-stocks<\/a><\/a><\/p>\n

7. <\/span>“Dow Jones Dives Amid Inflation Data Surprise; Elon Musk Offers This Defense Amid Big Tesla Recall” Investor’s Business Daily, 16 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-falls-amid-inflation-data-surprise-elon-musk-lashes-out-amid-big-tesla-recall-tesla-stock-tsla-stock-microsoft-stock-ai-chatgpt\/<\/a><\/a><\/p>\n

8. <\/span>“U.S. stocks are mixed after Fed officials stoke rate fears By Investing.com” Investing.com, 17 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/us-stocks-are-falling-after-fed-officials-stoke-rate-fears-3007153<\/a><\/a><\/p>\n

9. <\/span>“S&P Futures Tick Lower Ahead of Key U.S. PPI Data” Barchart, 16 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14260125\/s-p-futures-tick-lower-ahead-of-key-u-s-ppi-data<\/a><\/a><\/p>\n

10. <\/span>“Stock Market Today: Hot Inflation Data Sends Stocks Lower” Kiplinger’s Personal Finance, 16 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021623-hot-inflation-data-sends-stocks-lower<\/a><\/a><\/p>\n

11. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1229"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1229"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1228"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}