{"id":1594,"date":"2023-02-28T17:02:42","date_gmt":"2023-02-28T22:02:42","guid":{"rendered":"https:\/\/embarrdowns.com\/market-roundup-u-s-stocks-open-higher-zoom-tesla-and-nvidia-shares-move\/"},"modified":"2023-02-28T17:02:43","modified_gmt":"2023-02-28T22:02:43","slug":"market-roundup-u-s-stocks-open-higher-zoom-tesla-and-nvidia-shares-move","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/market-roundup-u-s-stocks-open-higher-zoom-tesla-and-nvidia-shares-move\/","title":{"rendered":"Market Roundup: U.S. Stocks Open Higher; Zoom, Tesla and Nvidia Shares Move"},"content":{"rendered":"

U.S. stocks opened slightly higher on Friday following the release of Federal Reserve\u2019s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index.[0]<\/a><\/sup> The index rose 0.6% in January for a year-over-year rate of 5.4%, while the core PCE prices, which exclude food and energy, increased 0.6%, rising 4.7% from a year ago.[0]<\/a><\/sup> The surprisingly high reading has reignited concerns on Wall Street that the Federal Reserve may need to take more restrictive monetary policies than earlier expected. <\/p>\n

In the fixed income markets, yields were mixed.[1]<\/a><\/sup> The 10-year Treasury yield (US10Y) was down 3 basis points to 3.92%, while the 2-year yield (US2Y) was also down 3 basis points to 4.78%.[2]<\/a><\/sup> Separate data showed the University of Michigan\u2019s consumer sentiment index rose 3% from January to February to 67.[3]<\/a><\/sup><\/p>\n

Zoom (ZM) saw a rise in share prices after announcing its fourth quarter earnings, which were $1.22 per share – higher than the anticipated 80 cents.[4]<\/a><\/sup> Income totaled $1.12 billion.[5]<\/a><\/sup> Dow Jones Stocks and Dow Jones Products were slightly lower.<\/p>\n

Turning to the housing market, home prices fell 0.5% in December according to data from S&P Corelogic Case-Shiller Index, while the FHFA house price index for December dipped 0.1%.[6]<\/a><\/sup><\/p>\n

Oil rose, with Crude Oil WTI Futures up 2.1% to $77.27 a barrel and Brent Oil Futures up 1.7% to $83.38 a barrel.[7]<\/a><\/sup> Gold Futures increased by 0.2%, closing at[8]<\/a><\/sup><\/p>\n

Shares of Tesla (TSLA) dropped slightly around 1% after Mexico’s president affirmed that the electric vehicle manufacturer would construct a new facility in Monterrey, Mexico.[5]<\/a><\/sup> Shares of Norwegian Cruise Line (NCLH) plummeted after their earnings report revealed a larger-than-anticipated deficit and a discouraging outlook for 2023, as the cruise company is under pressure from escalating fuel and labor expenses.[5]<\/a><\/sup> Shares of Target (TGT) rose after the retail giant exceeded expectations for comparable sales.[8]<\/a><\/sup> Nvidia’s (NVDA) earnings exceeded expectations of Wall Street, however, the chip giant’s revenue was significantly lower than the same period last year, as anticipated.[9]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. stocks open sharply lower after hotter-than-expected inflation reading” MarketWatch, 24 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stocks-open-sharply-lower-after-hotter-than-expected-inflation-reading-b88521c8<\/a><\/a><\/p>\n

1. <\/span>“Nasdaq, S&P, Dow bounce back after suffering their worst weekly loss in 2023” Seeking Alpha, 27 Feb. 2023, https:\/\/seekingalpha.com\/news\/3941181-nasdaq-sp500-dow-jones-stock-market-fed-rates-economic-data<\/a><\/a><\/p>\n

2. <\/span>“Stock Market News Today: Bulls Finish Today\u2019s Session in Control” TipRanks, 27 Feb. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-recoup-from-a-dull-trading-week<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: Hot Inflation Data Sinks Stocks” Kiplinger’s Personal Finance, 24 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-022423-hot-inflation-data-sinks-stocks<\/a><\/a><\/p>\n

4. <\/span>“Dow futures rise 70 pts; Target earnings, Goldman investor day in focus By Investing.com” Investing.com, 28 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-rise-70-pts-target-earnings-goldman-investor-day-in-focus-3016858<\/a><\/a><\/p>\n

5. <\/span>“Stock market news today: Stocks fall as volatile month comes to close” Yahoo News, 28 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-28-2023-120603661.html<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq, S&P 500 Futures Flatline Ahead Of Housing, Consumer Data: Analyst Pins Hopes On Dollar, Fed Rates To …” Benzinga, 27 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/31085204\/nasdaq-s-p-500-futures-flatline-ahead-of-housing-consumer-data-analyst-pins-hopes-on-dollar-fed-rat<\/a><\/a><\/p>\n

7. <\/span>“Indexes Mixed As Tesla’s GigaMexico Plan Gets Green Light Ahead Of Investor Day; CHIPS Act Goes Live” Investor’s Business Daily, 28 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-stalls-chip-stocks-soar-as-chips-act-goes-live-teslas-investor-day-on-deck\/<\/a><\/a><\/p>\n

8. <\/span>“Stocks mixed as February on track to close on a down note By Investing.com” Investing.com, 28 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/stocks-fall-as-february-on-track-to-close-on-a-down-note-3017274<\/a><\/a><\/p>\n

9. <\/span>“So Long, Losing Streak? Stocks, Yields Climb as Market Mulls Fed Minutes, Hot Jobs Data, GDP – Ticker Tape” The Ticker Tape, 23 Feb. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/so-long-losing-streak-stocks-yields-climb-as-market-mulls-fed-minutes-hot-jobs-data-gdp-19400<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks opened slightly higher on Friday following the release of Federal Reserve\u2019s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index.[0]<\/a><\/sup> The index rose 0.6% in January for a year-over-year rate of 5.4%, while the core PCE prices, which exclude food and energy, increased 0.6%, rising 4.7% from a year ago.[0]<\/a><\/sup> The surprisingly high reading has reignited concerns on Wall Street that the Federal Reserve may need to take more restrictive monetary policies than earlier expected. <\/p>\n

In the fixed income markets, yields were mixed.[1]<\/a><\/sup> The 10-year Treasury yield (US10Y) was down 3 basis points to 3.92%, while the 2-year yield (US2Y) was also down 3 basis points to 4.78%.[2]<\/a><\/sup> Separate data showed the University of Michigan\u2019s consumer sentiment index rose 3% from January to February to 67.[3]<\/a><\/sup><\/p>\n

Zoom (ZM) saw a rise in share prices after announcing its fourth quarter earnings, which were $1.22 per share – higher than the anticipated 80 cents.[4]<\/a><\/sup> Income totaled $1.12 billion.[5]<\/a><\/sup> Dow Jones Stocks and Dow Jones Products were slightly lower.<\/p>\n

Turning to the housing market, home prices fell 0.5% in December according to data from S&P Corelogic Case-Shiller Index, while the FHFA house price index for December dipped 0.1%.[6]<\/a><\/sup><\/p>\n

Oil rose, with Crude Oil WTI Futures up 2.1% to $77.27 a barrel and Brent Oil Futures up 1.7% to $83.38 a barrel.[7]<\/a><\/sup> Gold Futures increased by 0.2%, closing at[8]<\/a><\/sup><\/p>\n

Shares of Tesla (TSLA) dropped slightly around 1% after Mexico’s president affirmed that the electric vehicle manufacturer would construct a new facility in Monterrey, Mexico.[5]<\/a><\/sup> Shares of Norwegian Cruise Line (NCLH) plummeted after their earnings report revealed a larger-than-anticipated deficit and a discouraging outlook for 2023, as the cruise company is under pressure from escalating fuel and labor expenses.[5]<\/a><\/sup> Shares of Target (TGT) rose after the retail giant exceeded expectations for comparable sales.[8]<\/a><\/sup> Nvidia’s (NVDA) earnings exceeded expectations of Wall Street, however, the chip giant’s revenue was significantly lower than the same period last year, as anticipated.[9]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. stocks open sharply lower after hotter-than-expected inflation reading” MarketWatch, 24 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stocks-open-sharply-lower-after-hotter-than-expected-inflation-reading-b88521c8<\/a><\/a><\/p>\n

1. <\/span>“Nasdaq, S&P, Dow bounce back after suffering their worst weekly loss in 2023” Seeking Alpha, 27 Feb. 2023, https:\/\/seekingalpha.com\/news\/3941181-nasdaq-sp500-dow-jones-stock-market-fed-rates-economic-data<\/a><\/a><\/p>\n

2. <\/span>“Stock Market News Today: Bulls Finish Today\u2019s Session in Control” TipRanks, 27 Feb. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-recoup-from-a-dull-trading-week<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: Hot Inflation Data Sinks Stocks” Kiplinger’s Personal Finance, 24 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-022423-hot-inflation-data-sinks-stocks<\/a><\/a><\/p>\n

4. <\/span>“Dow futures rise 70 pts; Target earnings, Goldman investor day in focus By Investing.com” Investing.com, 28 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-rise-70-pts-target-earnings-goldman-investor-day-in-focus-3016858<\/a><\/a><\/p>\n

5. <\/span>“Stock market news today: Stocks fall as volatile month comes to close” Yahoo News, 28 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-28-2023-120603661.html<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq, S&P 500 Futures Flatline Ahead Of Housing, Consumer Data: Analyst Pins Hopes On Dollar, Fed Rates To …” Benzinga, 27 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/31085204\/nasdaq-s-p-500-futures-flatline-ahead-of-housing-consumer-data-analyst-pins-hopes-on-dollar-fed-rat<\/a><\/a><\/p>\n

7. <\/span>“Indexes Mixed As Tesla’s GigaMexico Plan Gets Green Light Ahead Of Investor Day; CHIPS Act Goes Live” Investor’s Business Daily, 28 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-stalls-chip-stocks-soar-as-chips-act-goes-live-teslas-investor-day-on-deck\/<\/a><\/a><\/p>\n

8. <\/span>“Stocks mixed as February on track to close on a down note By Investing.com” Investing.com, 28 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/stocks-fall-as-february-on-track-to-close-on-a-down-note-3017274<\/a><\/a><\/p>\n

9. <\/span>“So Long, Losing Streak? Stocks, Yields Climb as Market Mulls Fed Minutes, Hot Jobs Data, GDP – Ticker Tape” The Ticker Tape, 23 Feb. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/so-long-losing-streak-stocks-yields-climb-as-market-mulls-fed-minutes-hot-jobs-data-gdp-19400<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1593,"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\/1594"}],"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=1594"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1593"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}