Futures on the Dow Jones Industrial Average were down 0.3%, which is a sign of improvement after the index slumped by 1.4% during after-hours trading on Thursday. The S&P 500 declined by 0.4% while futures on the tech-heavy Nasdaq 100 fell by 0.6%, narrower than previous declines.

One stock that was hit unexpectedly is Netflix, with the streaming giant declining by 3% in after-hours trading. While the company added over nine million new subscribers in the past quarter, its value was dragged down due to a revenue guidance of $9.49 billion for the second quarter, lower than an estimated $9.51 billion.

The post Stocks Continue Slide as Israel-Iran Tension Ensues appeared first on theprimarymarket.com.

The benchmark S&P 500 edged 0.1% higher, while the tech-heavy Nasdaq Composite rose by about 0.2%. The Dow Jones Industrial Average slipped lower by 0.1%.

Powell spoke at Stanford University on Wednesday, explaining that while inflation is on a “bumpy” pathway toward the Fed’s 2% target, the central bank is nevertheless set to introduce rate cuts. While stocks enjoyed a rampant rally to start the year, they entered the red last week following a dent in consumer confidence. The S&P 500 has gained almost 10% for the year to date.

The post Stocks Edge Higher as Fed Chair Confirms Rate Cuts Ahead appeared first on theprimarymarket.com.

Expenses fell by 21.2% to $357.1 million, largely resulting from lower labor costs as well as consulting services and marketing. Reduced labor costs were largely the result of GameStop’s exit from its operations in Austria, Ireland, and Switzerland.

Still, GameStop’s reduced expenses did little to quell worries about its declining revenue, particularly given the rising trends in video game purchases. “An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately,” Wedbush Securities analyst Michael Pachter observed, Pachter recommended that GameStop management think of new ways to drive store traffic.

The post GameStop Stock Plunges Following Slump in Revenue appeared first on theprimarymarket.com.

This development had a significant effect on investor confidence, driving futures on the benchmark S&P 500 up by 0.4%. Futures on the Nasdaq 100 rose by as much as 0.8%, while contracts listed on the Dow Jones Industrial Average gained 0.3%. Across the Atlantic, the Stoxx Europe 600 advanced by 0.9%, while the MSCI Asia Pacific Index surged 2% higher.

“The Fed appears to have achieved a better balance around its dual mandate of price stability and maximum employment,” Banco Bilbao Vizcaya Argentaria analysts told clients in a written note. They added their expectation that the central bank would normalize its policy stance by June.

The post Fed Sticks to Rate Cut Agenda, Sending Stocks Higher appeared first on theprimarymarket.com.

The benchmark S&P 500 slumped 0.7% while the tech-heavy Nasdaq Composite plummeted by 1%. The Dow Jones Industrial Average fell 0.5%. Both the S&P 500 and the Nasdaq Composite clocked in their second consecutive weekly loss.

Friday’s declines follow a stock slump during the previous session following an unexpectedly hot Consumer Price Index (CPI) report for February. Investors have since shifted focus to the Personal Consumption Expenditures (PCE) report set to be released later this week.

The post Stocks Slip Lower on Friday for Second Straight Losing Week appeared first on theprimarymarket.com.

The benchmark S&P 500 slumped by 0.7%, retreating from another record close on Thursday, while the Dow Jones Industrial Average slipped 0.2% lower. The tech-heavy Nasdaq Composite tanked by 1.2%, with heavy-hitting chipmaker Nvidia retreating by over 5% to retreat from a record-breaking rally.

With the February jobs report beating expectations, the latest employment data has boosted investors’ confidence that the Federal Reserve will introduce interest rate cuts later in the year, with the latest expectations being that the central bank will implement its first cut after its June meeting.

The post Stocks Falter Following Stronger-Than-Expected Jobs Report appeared first on theprimarymarket.com.

Fitch has highlighted a large general government (GG) deficit in 2023, accounting for 8.8% of GDP in 2023, which the credit agency expects to fall to 8% in 2024 due to rising revenue growth and slashed government spending. “The interest burden, however, will continue to grow given the higher debt burden and impact of higher rates”, Fitch explained, suggesting that a declining GG deficit will not prove to be the entire solution to stunted economic growth.

Looking forward, the credit agency views the upcoming US presidential elections in November as a vital driver of the country’s economic trajectory given potential changes in policymaking.

The post Fitch Maintains AA+ Rating for U.S. Amid Stable Outlook appeared first on theprimarymarket.com.

The company has been highly focused on revamping its loyalty program, thus driving repeat sales, while also building its delivery partnership with Uber Eats, which has largely driven sales of Domino’s pizzas and chicken wings. The decision to revamp its loyalty program comes after the fast-food franchise looked to overcome a sales slowdown near the start of 2023.

Domino’s partnership with Uber Eats has proven to be an effective channel for growth, with the company quickly growing its customer base as a result. According to research firm M Science, Domino’s had already captured a 19% market share on Uber Eats in December.

The post Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand appeared first on theprimarymarket.com.

Investors are on edge due to the high expectations held for Nvidia’s earnings, particularly on the back of its artificial intelligence developments. Given Nvidia’s major influence over the market, any disappointment in the report could shift stocks downward at large.

Markets are also bracing for the release of the minutes from the Federal Reserve’s January meeting in an effort to gauge the trajectory of the central bank’s interest rate policy. Currently, investors appear to be gravitating toward the belief that the Fed will introduce interest rate cuts in June; a long way off from previous expectations of a rate cut as early as March.

The post U.S. Futures Fall Ahead Of Nvidia Earnings appeared first on theprimarymarket.com.

Should this figure ring true, it would show the progress that the Federal Reserve has made in its fight against inflation. Overall CPI is expected to have risen by less than 3% for the first time in almost two years according to economists’ forecasts.

“In deciding when to start cutting rates, the Fed will have to reconcile the data they have in hand— which show inflation on a fast track to the 2% target—with risks that inflation could flare up again or the labor market could weaken more sharply,” Bloomberg Economics noted, adding that a final decision will most likely not be reached until shortly before the next policy meeting.

The post Slowing Inflation Boosts Interest Rate Cut Hopes appeared first on theprimarymarket.com.

Futures on the Dow Jones Industrial Average were down 0.3%, which is a sign of improvement after the index slumped by 1.4% during after-hours trading on Thursday. The S&P 500 declined by 0.4% while futures on the tech-heavy Nasdaq 100 fell by 0.6%, narrower than previous declines.

One stock that was hit unexpectedly is Netflix, with the streaming giant declining by 3% in after-hours trading. While the company added over nine million new subscribers in the past quarter, its value was dragged down due to a revenue guidance of $9.49 billion for the second quarter, lower than an estimated $9.51 billion.

The post Stocks Continue Slide as Israel-Iran Tension Ensues appeared first on theprimarymarket.com.

The benchmark S&P 500 edged 0.1% higher, while the tech-heavy Nasdaq Composite rose by about 0.2%. The Dow Jones Industrial Average slipped lower by 0.1%.

Powell spoke at Stanford University on Wednesday, explaining that while inflation is on a “bumpy” pathway toward the Fed’s 2% target, the central bank is nevertheless set to introduce rate cuts. While stocks enjoyed a rampant rally to start the year, they entered the red last week following a dent in consumer confidence. The S&P 500 has gained almost 10% for the year to date.

The post Stocks Edge Higher as Fed Chair Confirms Rate Cuts Ahead appeared first on theprimarymarket.com.

Expenses fell by 21.2% to $357.1 million, largely resulting from lower labor costs as well as consulting services and marketing. Reduced labor costs were largely the result of GameStop’s exit from its operations in Austria, Ireland, and Switzerland.

Still, GameStop’s reduced expenses did little to quell worries about its declining revenue, particularly given the rising trends in video game purchases. “An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately,” Wedbush Securities analyst Michael Pachter observed, Pachter recommended that GameStop management think of new ways to drive store traffic.

The post GameStop Stock Plunges Following Slump in Revenue appeared first on theprimarymarket.com.

This development had a significant effect on investor confidence, driving futures on the benchmark S&P 500 up by 0.4%. Futures on the Nasdaq 100 rose by as much as 0.8%, while contracts listed on the Dow Jones Industrial Average gained 0.3%. Across the Atlantic, the Stoxx Europe 600 advanced by 0.9%, while the MSCI Asia Pacific Index surged 2% higher.

“The Fed appears to have achieved a better balance around its dual mandate of price stability and maximum employment,” Banco Bilbao Vizcaya Argentaria analysts told clients in a written note. They added their expectation that the central bank would normalize its policy stance by June.

The post Fed Sticks to Rate Cut Agenda, Sending Stocks Higher appeared first on theprimarymarket.com.

The benchmark S&P 500 slumped 0.7% while the tech-heavy Nasdaq Composite plummeted by 1%. The Dow Jones Industrial Average fell 0.5%. Both the S&P 500 and the Nasdaq Composite clocked in their second consecutive weekly loss.

Friday’s declines follow a stock slump during the previous session following an unexpectedly hot Consumer Price Index (CPI) report for February. Investors have since shifted focus to the Personal Consumption Expenditures (PCE) report set to be released later this week.

The post Stocks Slip Lower on Friday for Second Straight Losing Week appeared first on theprimarymarket.com.

The benchmark S&P 500 slumped by 0.7%, retreating from another record close on Thursday, while the Dow Jones Industrial Average slipped 0.2% lower. The tech-heavy Nasdaq Composite tanked by 1.2%, with heavy-hitting chipmaker Nvidia retreating by over 5% to retreat from a record-breaking rally.

With the February jobs report beating expectations, the latest employment data has boosted investors’ confidence that the Federal Reserve will introduce interest rate cuts later in the year, with the latest expectations being that the central bank will implement its first cut after its June meeting.

The post Stocks Falter Following Stronger-Than-Expected Jobs Report appeared first on theprimarymarket.com.

Fitch has highlighted a large general government (GG) deficit in 2023, accounting for 8.8% of GDP in 2023, which the credit agency expects to fall to 8% in 2024 due to rising revenue growth and slashed government spending. “The interest burden, however, will continue to grow given the higher debt burden and impact of higher rates”, Fitch explained, suggesting that a declining GG deficit will not prove to be the entire solution to stunted economic growth.

Looking forward, the credit agency views the upcoming US presidential elections in November as a vital driver of the country’s economic trajectory given potential changes in policymaking.

The post Fitch Maintains AA+ Rating for U.S. Amid Stable Outlook appeared first on theprimarymarket.com.

The company has been highly focused on revamping its loyalty program, thus driving repeat sales, while also building its delivery partnership with Uber Eats, which has largely driven sales of Domino’s pizzas and chicken wings. The decision to revamp its loyalty program comes after the fast-food franchise looked to overcome a sales slowdown near the start of 2023.

Domino’s partnership with Uber Eats has proven to be an effective channel for growth, with the company quickly growing its customer base as a result. According to research firm M Science, Domino’s had already captured a 19% market share on Uber Eats in December.

The post Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand appeared first on theprimarymarket.com.

Investors are on edge due to the high expectations held for Nvidia’s earnings, particularly on the back of its artificial intelligence developments. Given Nvidia’s major influence over the market, any disappointment in the report could shift stocks downward at large.

Markets are also bracing for the release of the minutes from the Federal Reserve’s January meeting in an effort to gauge the trajectory of the central bank’s interest rate policy. Currently, investors appear to be gravitating toward the belief that the Fed will introduce interest rate cuts in June; a long way off from previous expectations of a rate cut as early as March.

The post U.S. Futures Fall Ahead Of Nvidia Earnings appeared first on theprimarymarket.com.

Should this figure ring true, it would show the progress that the Federal Reserve has made in its fight against inflation. Overall CPI is expected to have risen by less than 3% for the first time in almost two years according to economists’ forecasts.

“In deciding when to start cutting rates, the Fed will have to reconcile the data they have in hand— which show inflation on a fast track to the 2% target—with risks that inflation could flare up again or the labor market could weaken more sharply,” Bloomberg Economics noted, adding that a final decision will most likely not be reached until shortly before the next policy meeting.

The post Slowing Inflation Boosts Interest Rate Cut Hopes appeared first on theprimarymarket.com.