Major U.S. stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports.
Consumer stocks were broadly lower in Friday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) retreating 2.6%.
U.S. stock indexes pared declines by afternoon on Friday as
a strong jobs report that initially raised fears of the Federal
Reserve keeping interest rates higher for longer also pointed to
the resilience in the economy in the face of aggressive policy
tightening.
Ford F reported adjusted earnings of 51 cents per share in fourth-quarter 2022, missing the Zacks Consensus Estimate of 60 cents. Lower-than-expected profits from all but International Markets Group unit led to this downslide. The bottom line improved 96.2% from the year-
Ford Motor Co's disappointing quarterly results underscored that disruptions caused by the global semiconductor shortage are still bedeviling automakers, but some are suffering more than others.
Honda Motor Co on Friday issued a "Do Not Drive" warning for 8,200 model year Acura and Honda vehicles with unrepaired Takata air bag inflators in the United States.
Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation.
In early trading on Friday, shares of Clorox topped the list of the day's best performing components of the S&P 500 index, trading up 6.2%. Year to date, Clorox registers a 6.7% gain.
The U.S. Treasury Department said Friday it will make more Tesla, Ford Motor, General Motors and Volkswagen electric vehicles eligible for up to $7,500 tax credits after it revised its vehicle classification definitions.
The U.S. Treasury Department said Friday it will make more electric vehicles eligible for up to $7,500 tax credits after it revised its vehicle classification definitions.
The individual results may have caused both F and SBUX to lose ground, but the underlying causes of those results are, in fact, actually quite encouraging for U.S. stock investors overall.
Wall Street's main indexes were set to open lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation.
With their shares having rallied as much as 30% since the end of December, Ford Motor Company (NYSE: F) investors would have been looking forward to a strong February and potentially March. Ford shares have been stuck in a pretty defined range since last summer, bouncing off the
Ford will return to Formula One in 2026 when the sport enters a new engine era, the U.S. carmaker said on Friday ahead of a launch in New York by world champions Red Bull.
Some of the battered electric vehicle (EV) stocks are already regaining ground in 2023 after last year's rout. Nio (NYSE: NIO) stock plunged 69% in 2022, while Ford (NYSE: F) lost almost 44% value in the year. As of this writing, both stocks are already up around 24% each barely
The NASDAQ 100 Pre-Market Indicator is down -216.31 to 12,586.83. The total Pre-Market volume is currently 58,524,777 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.64 at $26.27, with 6,331,408 shares traded
For the quarter ended December 2022, Ford Motor Company (F) reported revenue of $41.8 billion, up 18.4% over the same period last year. EPS came in at $0.51, compared to $0.26 in the year-ago quarter.
Following another strong day on the Nasdaq, led by Meta’s META best trading day in 10 years, after-market activity is rife with Q4 earnings results. The Dow failed to make it into the green all session, finishing -0.17%, while the S&P 500 grew +1.48%. The Nasdaq close
Ford Motor Company (F) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.