{"id":642,"date":"2023-02-11T10:02:54","date_gmt":"2023-02-11T15:02:54","guid":{"rendered":"https:\/\/embarrdowns.com\/market-slips-despite-strength-dow-jones-tesla-and-walt-disney-make-moves\/"},"modified":"2023-02-11T10:02:54","modified_gmt":"2023-02-11T15:02:54","slug":"market-slips-despite-strength-dow-jones-tesla-and-walt-disney-make-moves","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/market-slips-despite-strength-dow-jones-tesla-and-walt-disney-make-moves\/","title":{"rendered":"Market Slips Despite Strength; Dow Jones, Tesla, and Walt Disney Make Moves"},"content":{"rendered":"

The market continues to rally amid ongoing strength.[0]<\/a><\/sup> However, in Wednesday\u2019s session the Dow Jones Industrial Average and the S&P 500 closed down slightly while the Nasdaq Composite lost 1%.[1]<\/a><\/sup> Meanwhile, the small-cap Russell 2000 declined 1.5%. The US10Y (10-year Treasury yield) increased 6 basis points to stand at 3.75%, while the US2Y (2-year yield) saw a rise of 2 basis points to 4.53%.[2]<\/a><\/sup><\/p>\n

Lyft (LYFT) shares plummeted after their fourth-quarter earnings report included a weak forecast.[3]<\/a><\/sup> Shares of Tesla (TSLA) rose by over 3% in response to news that sales of its electric vehicles increased due to recent price cuts. In January, 66,051 cars were delivered from its Chinese factories, representing a month-over-month growth of 18.4%.[4]<\/a><\/sup> The Dow Jones Industrial Average edged down 0.2% in last week\u2019s stock market trading.[5]<\/a><\/sup> The S&P 500 index experienced a[6]<\/a><\/sup> The Nasdaq composite experienced a decrease of 2 The Russell 2000, composed of small-cap stocks,<\/p>\n

Looking at individual stocks, Walt Disney (DIS) jumped more than +6% in pre-market trading after reporting Q1 revenue of $23.51 billion, above the consensus of $23.39 billion, and announcing a restructuring that includes 7,000 job cuts and $5.5 billion in cost savings.[7]<\/a><\/sup> The cost of crude oil in the United States increased by 1.7%, reaching $78[1]<\/a><\/sup><\/p>\n

Thus far, earnings for the fourth quarter have been reported by 63% of S&P 500 companies.[8]<\/a><\/sup> Fundstrat reported that 68% of those companies have outperformed their profit predictions by an average of 6%, and 63% have outperformed their revenue expectations by an average of 4%.[9]<\/a><\/sup> The price of gold fell by 0.97%, settling at $[9]<\/a><\/sup> On Friday evening,[3]<\/a><\/sup> At 12:30 p.m., Gov. Christopher Waller will give a speech, and Philadelphia Fed President Patrick Harker will speak at 4 p.m.[3]<\/a><\/sup> <\/p>\n

The University of Michigan is also scheduled to release the results of its preliminary consumer sentiment survey for February at 10 a.m.[2]<\/a><\/sup> [10]<\/a><\/sup> Economists anticipate that the index will increase from 64.9 in January to 65 in February.[10]<\/a><\/sup> Traders might concentrate on the inflation information in the report, particularly the one-year and five-year inflation projections.[10]<\/a><\/sup><\/p>\n

0. <\/span>“Dow Jones Rallies 250 Points After Jobless Claims; Tesla Stock Doubles From Lows” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-rise-ahead-of-jobless-claims-disney-surges-on-earnings\/<\/a><\/a><\/p>\n

1. <\/span>“U.S. stock futures slip as rally to begin 2023 loses steam By Investing.com” Investing.com, 10 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/us-stock-futures-slip-as-rally-to-begin-2023-loses-steam-3000575<\/a><\/a><\/p>\n

2. <\/span>“Nasdaq, S&P, Dow look for direction, set to end lower for the week on Fed concerns” Seeking Alpha, 10 Feb. 2023, https:\/\/seekingalpha.com\/news\/3934862-nasdaq-sp500-dow-jones-stock-market-fed-earnings<\/a><\/a><\/p>\n

3. <\/span>“Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December” MarketWatch, 10 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-another-down-day-on-wall-street-amid-earnings-disappointment-e26059bc<\/a><\/a><\/p>\n

4. <\/span>“Stocks Relinquish Early Gains and Close Lower as Bond Yields Climb” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14072296\/stocks-relinquish-early-gains-and-close-lower-as-bond-yields-climb<\/a><\/a><\/p>\n

5. <\/span>“Market Rally Pullback Continues \u2014 What’s Your Game Plan? Inflation Report Looms | Investor’s Business Daily” Investor’s Business Daily, 11 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/market-rally-has-first-real-pullback-cpi-inflation-report-looms-large-tesla-stock\/<\/a><\/a><\/p>\n

6. <\/span>“Futures Strong As Disney Jumps; Why This Rally Looks Healthy” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-disney-jumps-why-this-market-pullback-looks-healthy\/<\/a><\/a><\/p>\n

7. <\/span>“Markets Today: Stocks Climb on Positive Earnings Results and Lower Bond Yields” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14057174\/markets-today-stocks-climb-on-positive-earnings-results-and-lower-bond-yields<\/a><\/a><\/p>\n

8. <\/span>“Dow closes nearly 250 points lower, Nasdaq sheds 1% as Alphabet shares slide: Live updates” CNBC, 9 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/08\/stock-market-futures-open-to-close-news.html<\/a><\/a><\/p>\n

9. <\/span>“Stock market news today: Rising interest rates help spoil early gains” Markets Insider, 9 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-rising-interest-rates-highest-level-november-2023-2<\/a><\/a><\/p>\n

10. <\/span>“US Stocks Look Set To Steepen Losses For Week As Nasdaq, S&P Futures Plunge – Invesco QQQ Trust, Series 1” Benzinga, 10 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30851938\/us-stocks-look-set-to-steepen-losses-for-week-as-nasdaq-s-p-futures-plunge-focus-on-inflation-data<\/a>–<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The market continues to rally amid ongoing strength.[0]<\/a><\/sup> However, in Wednesday\u2019s session the Dow Jones Industrial Average and the S&P 500 closed down slightly while the Nasdaq Composite lost 1%.[1]<\/a><\/sup> Meanwhile, the small-cap Russell 2000 declined 1.5%. The US10Y (10-year Treasury yield) increased 6 basis points to stand at 3.75%, while the US2Y (2-year yield) saw a rise of 2 basis points to 4.53%.[2]<\/a><\/sup><\/p>\n

Lyft (LYFT) shares plummeted after their fourth-quarter earnings report included a weak forecast.[3]<\/a><\/sup> Shares of Tesla (TSLA) rose by over 3% in response to news that sales of its electric vehicles increased due to recent price cuts. In January, 66,051 cars were delivered from its Chinese factories, representing a month-over-month growth of 18.4%.[4]<\/a><\/sup> The Dow Jones Industrial Average edged down 0.2% in last week\u2019s stock market trading.[5]<\/a><\/sup> The S&P 500 index experienced a[6]<\/a><\/sup> The Nasdaq composite experienced a decrease of 2 The Russell 2000, composed of small-cap stocks,<\/p>\n

Looking at individual stocks, Walt Disney (DIS) jumped more than +6% in pre-market trading after reporting Q1 revenue of $23.51 billion, above the consensus of $23.39 billion, and announcing a restructuring that includes 7,000 job cuts and $5.5 billion in cost savings.[7]<\/a><\/sup> The cost of crude oil in the United States increased by 1.7%, reaching $78[1]<\/a><\/sup><\/p>\n

Thus far, earnings for the fourth quarter have been reported by 63% of S&P 500 companies.[8]<\/a><\/sup> Fundstrat reported that 68% of those companies have outperformed their profit predictions by an average of 6%, and 63% have outperformed their revenue expectations by an average of 4%.[9]<\/a><\/sup> The price of gold fell by 0.97%, settling at $[9]<\/a><\/sup> On Friday evening,[3]<\/a><\/sup> At 12:30 p.m., Gov. Christopher Waller will give a speech, and Philadelphia Fed President Patrick Harker will speak at 4 p.m.[3]<\/a><\/sup> <\/p>\n

The University of Michigan is also scheduled to release the results of its preliminary consumer sentiment survey for February at 10 a.m.[2]<\/a><\/sup> [10]<\/a><\/sup> Economists anticipate that the index will increase from 64.9 in January to 65 in February.[10]<\/a><\/sup> Traders might concentrate on the inflation information in the report, particularly the one-year and five-year inflation projections.[10]<\/a><\/sup><\/p>\n

0. <\/span>“Dow Jones Rallies 250 Points After Jobless Claims; Tesla Stock Doubles From Lows” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-rise-ahead-of-jobless-claims-disney-surges-on-earnings\/<\/a><\/a><\/p>\n

1. <\/span>“U.S. stock futures slip as rally to begin 2023 loses steam By Investing.com” Investing.com, 10 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/us-stock-futures-slip-as-rally-to-begin-2023-loses-steam-3000575<\/a><\/a><\/p>\n

2. <\/span>“Nasdaq, S&P, Dow look for direction, set to end lower for the week on Fed concerns” Seeking Alpha, 10 Feb. 2023, https:\/\/seekingalpha.com\/news\/3934862-nasdaq-sp500-dow-jones-stock-market-fed-earnings<\/a><\/a><\/p>\n

3. <\/span>“Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December” MarketWatch, 10 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-another-down-day-on-wall-street-amid-earnings-disappointment-e26059bc<\/a><\/a><\/p>\n

4. <\/span>“Stocks Relinquish Early Gains and Close Lower as Bond Yields Climb” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14072296\/stocks-relinquish-early-gains-and-close-lower-as-bond-yields-climb<\/a><\/a><\/p>\n

5. <\/span>“Market Rally Pullback Continues \u2014 What’s Your Game Plan? Inflation Report Looms | Investor’s Business Daily” Investor’s Business Daily, 11 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/market-rally-has-first-real-pullback-cpi-inflation-report-looms-large-tesla-stock\/<\/a><\/a><\/p>\n

6. <\/span>“Futures Strong As Disney Jumps; Why This Rally Looks Healthy” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-disney-jumps-why-this-market-pullback-looks-healthy\/<\/a><\/a><\/p>\n

7. <\/span>“Markets Today: Stocks Climb on Positive Earnings Results and Lower Bond Yields” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14057174\/markets-today-stocks-climb-on-positive-earnings-results-and-lower-bond-yields<\/a><\/a><\/p>\n

8. <\/span>“Dow closes nearly 250 points lower, Nasdaq sheds 1% as Alphabet shares slide: Live updates” CNBC, 9 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/08\/stock-market-futures-open-to-close-news.html<\/a><\/a><\/p>\n

9. <\/span>“Stock market news today: Rising interest rates help spoil early gains” Markets Insider, 9 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-rising-interest-rates-highest-level-november-2023-2<\/a><\/a><\/p>\n

10. <\/span>“US Stocks Look Set To Steepen Losses For Week As Nasdaq, S&P Futures Plunge – Invesco QQQ Trust, Series 1” Benzinga, 10 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30851938\/us-stocks-look-set-to-steepen-losses-for-week-as-nasdaq-s-p-futures-plunge-focus-on-inflation-data<\/a>–<\/a><\/p>\n","protected":false},"author":3,"featured_media":641,"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\/642"}],"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=642"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/641"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}