Cnn business news stock market
Here are the latest news and updates from CNN Business on the stock market:
Market Updates
- Dow Jones Industrial Average (DJIA): 34,511.22 (-0.12%)
- S&P 500 Index: 4,242.19 (-0.15%)
- Nasdaq Composite Index: 13,923.62 (-0.23%)
- Russell 2000 Index: 2,245.41 (-0.35%)
Top Stories
- Stocks fall as inflation concerns weigh: The Dow Jones Industrial Average and S&P 500 Index both fell on Tuesday, as investors grew increasingly concerned about inflation and the potential impact on the economy.
- Tesla's stock surges after earnings beat: Tesla's stock price surged more than 10% on Tuesday after the company reported better-than-expected earnings and revenue in its latest quarterly report.
- Fed officials signal rate hikes ahead: Federal Reserve officials signaled on Tuesday that they are likely to raise interest rates in the coming months to combat inflation, which could have a negative impact on the stock market.
- Amazon's stock falls after earnings miss: Amazon's stock price fell more than 5% on Tuesday after the company reported earnings that missed expectations and provided a disappointing outlook for the future.
- Gold prices rise as investors seek safe-haven: Gold prices rose on Tuesday as investors sought a safe-haven asset amid growing concerns about inflation and the potential for a global economic downturn.
Earnings Reports
- Tesla (TSLA): The electric vehicle maker reported better-than-expected earnings and revenue in its latest quarterly report, sending its stock price surging.
- Amazon (AMZN): The e-commerce giant reported earnings that missed expectations and provided a disappointing outlook for the future, sending its stock price falling.
- Microsoft (MSFT): The software giant reported earnings that beat expectations and provided a strong outlook for the future, sending its stock price rising.
Market Analysis
- Jim Cramer: The CNBC host and former hedge fund manager said on Tuesday that he believes the stock market is due for a correction, citing concerns about inflation and the potential for a global economic downturn.
- Larry Fink: The CEO of BlackRock, the world's largest asset manager, said on Tuesday that he believes the stock market is likely to continue to rise in the coming months, despite concerns about inflation and the potential for a global economic downturn.
Investor Sentiment
- Investor sentiment: The CNN Business Fear & Greed Index, which measures investor sentiment, fell to 44 on Tuesday, indicating that investors are becoming increasingly cautious about the stock market.
- Investor confidence: The Conference Board's Consumer Confidence Index fell to 113.8 in February, down from 114.7 in January, indicating that consumers are becoming increasingly concerned about the economy.