{"id":674,"date":"2023-02-12T13:02:55","date_gmt":"2023-02-12T18:02:55","guid":{"rendered":"https:\/\/embarrdowns.com\/us-stock-indexes-end-mixed-nasdaq-leads-sell-off-fed-governors-to-speak-today\/"},"modified":"2023-02-12T13:02:56","modified_gmt":"2023-02-12T18:02:56","slug":"us-stock-indexes-end-mixed-nasdaq-leads-sell-off-fed-governors-to-speak-today","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/us-stock-indexes-end-mixed-nasdaq-leads-sell-off-fed-governors-to-speak-today\/","title":{"rendered":"US Stock Indexes End Mixed, Nasdaq Leads Sell-Off; Fed Governors to Speak Today"},"content":{"rendered":"

On Friday, the major US stock indexes ended the trading session mixed, with the Nasdaq Composite (COMP.IND) closing down 0.61% to 11,718.12 points, the S&P 500 (SPX.IND) down 0.88% to 4,081.52 points, and the Dow Jones Industrial Average (DJI.IND) down 0.73% to 33,699.88 points.[0]<\/a><\/sup> This marks the first weekly loss for the S&P 500 in three weeks and its worst one-week decline since December.[1]<\/a><\/sup> The tech-heavy Nasdaq led the weekly sell-off with a drop of more than 2%.[0]<\/a><\/sup><\/p>\n

Tesla (TSLA) saw a 3% increase in its closing price when it became apparent that their recent price decreases were stimulating interest in their electric vehicles. In January, 66,051 of their China-made cars were delivered, representing an 18.4% month-over-month growth.[2]<\/a><\/sup> Other Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) were also sharply higher after today’s stock market open.[3]<\/a><\/sup><\/p>\n

After its quarterly earnings report revealed a poor outlook, shares of Lyft (LYFT) saw a sharp decline.[4]<\/a><\/sup> The ridesharing company notched a massive stock decline on a disappointing earnings report, posting record revenue for a second consecutive quarter but issuing weak guidance.<\/p>\n

West Texas Intermediate crude oil fell 1.1% to $77.63 a barrel, while the yield on the 10-year Treasury rose 6.4 basis points to 3.747%.[5]<\/a><\/sup><\/p>\n

The University of Michigan released its preliminary measure of February consumer sentiment, coming in at 66.4 versus the forecasted 65 figure.[6]<\/a><\/sup><\/p>\n

To date, 63% of the S&P 500 corporations have reported their fourth-quarter earnings.[7]<\/a><\/sup> Fundstrat reported that 68% of the companies have exceeded profit estimates with a median of 6%, and 63% of the companies have exceeded revenue estimates with a median of 4%.[8]<\/a><\/sup><\/p>\n

Christopher Waller, a Federal Reserve Governor, is scheduled to give a speech at 12:30 p.m [9]<\/a><\/sup> Earlier this week, he said at an Agribusiness conference in Arkansas that the central bank\u2019s efforts are paying off and that it has more work to do.[9]<\/a><\/sup> Philadelphia Fed President Patrick Harker will also speak at 4 pm. Stocks have endured some pressure this week following hawkish remarks from Fed officials such as New York President John Williams and Waller.[4]<\/a><\/sup><\/p>\n

0. <\/span>“US stocks end mixed after volatile session as indexes notch weekly losses” msnNOW, 10 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/us-stocks-end-mixed-after-volatile-session-as-indexes-notch-weekly-losses\/ar-AA17lFoi<\/a><\/a><\/p>\n

1. <\/span>“Stock market news today: S&P 500 snaps streak of weekly gains” Markets Insider, 10 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-sp500-dow-jones-nasdaq-weekly-losses-2023-2<\/a><\/a><\/p>\n

2. <\/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

3. <\/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

4. <\/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

5. <\/span>“Stock Buyers\u2019 Fatigue Kicks In as Bond Yields Jump: Markets Wrap” Yahoo! Voices, 9 Feb. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-face-declines-wall-230048868.html<\/a><\/a><\/p>\n

6. <\/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

7. <\/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

8. <\/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

9. <\/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":"

On Friday, the major US stock indexes ended the trading session mixed, with the Nasdaq Composite (COMP.IND) closing down 0.61% to 11,718.12 points, the S&P 500 (SPX.IND) down 0.88% to 4,081.52 points, and the Dow Jones Industrial Average (DJI.IND) down 0.73% to 33,699.88 points.[0]<\/a><\/sup> This marks the first weekly loss for the S&P 500 in three weeks and its worst one-week decline since December.[1]<\/a><\/sup> The tech-heavy Nasdaq led the weekly sell-off with a drop of more than 2%.[0]<\/a><\/sup><\/p>\n

Tesla (TSLA) saw a 3% increase in its closing price when it became apparent that their recent price decreases were stimulating interest in their electric vehicles. In January, 66,051 of their China-made cars were delivered, representing an 18.4% month-over-month growth.[2]<\/a><\/sup> Other Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) were also sharply higher after today’s stock market open.[3]<\/a><\/sup><\/p>\n

After its quarterly earnings report revealed a poor outlook, shares of Lyft (LYFT) saw a sharp decline.[4]<\/a><\/sup> The ridesharing company notched a massive stock decline on a disappointing earnings report, posting record revenue for a second consecutive quarter but issuing weak guidance.<\/p>\n

West Texas Intermediate crude oil fell 1.1% to $77.63 a barrel, while the yield on the 10-year Treasury rose 6.4 basis points to 3.747%.[5]<\/a><\/sup><\/p>\n

The University of Michigan released its preliminary measure of February consumer sentiment, coming in at 66.4 versus the forecasted 65 figure.[6]<\/a><\/sup><\/p>\n

To date, 63% of the S&P 500 corporations have reported their fourth-quarter earnings.[7]<\/a><\/sup> Fundstrat reported that 68% of the companies have exceeded profit estimates with a median of 6%, and 63% of the companies have exceeded revenue estimates with a median of 4%.[8]<\/a><\/sup><\/p>\n

Christopher Waller, a Federal Reserve Governor, is scheduled to give a speech at 12:30 p.m [9]<\/a><\/sup> Earlier this week, he said at an Agribusiness conference in Arkansas that the central bank\u2019s efforts are paying off and that it has more work to do.[9]<\/a><\/sup> Philadelphia Fed President Patrick Harker will also speak at 4 pm. Stocks have endured some pressure this week following hawkish remarks from Fed officials such as New York President John Williams and Waller.[4]<\/a><\/sup><\/p>\n

0. <\/span>“US stocks end mixed after volatile session as indexes notch weekly losses” msnNOW, 10 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/us-stocks-end-mixed-after-volatile-session-as-indexes-notch-weekly-losses\/ar-AA17lFoi<\/a><\/a><\/p>\n

1. <\/span>“Stock market news today: S&P 500 snaps streak of weekly gains” Markets Insider, 10 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-sp500-dow-jones-nasdaq-weekly-losses-2023-2<\/a><\/a><\/p>\n

2. <\/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

3. <\/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

4. <\/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

5. <\/span>“Stock Buyers\u2019 Fatigue Kicks In as Bond Yields Jump: Markets Wrap” Yahoo! Voices, 9 Feb. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-face-declines-wall-230048868.html<\/a><\/a><\/p>\n

6. <\/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

7. <\/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

8. <\/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

9. <\/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":673,"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\/674"}],"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=674"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/673"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}