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The burger chain beat quarterly earnings expectations, but a key metric was even worse than feared.
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JPMorgan says aero engines is a hot sector and not about to go away, with GE Aerospace among its picks.
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Stocks have prospered while the world has plunged into disorder, an economist says. "Keep calm and carry on" may be the best investors can do.
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Arista did a better job than networking rival Cisco when it came to calming margin fears and refocusing attention around AI.
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Asian Stocks to Drop as AI Jitters Hit Wall Street: Markets Wrap BloombergAsia stock markets track losses on Wall Street as AI fears hit sentiment CNBCAsian shares step back from record as tech jitters return, bonds rally ReutersAsia stocks slip following Wall St tech slide; still set for sharp weekly gains Investing.com
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Applied Materials expects to see more than 20% growth in semiconductor-equipment revenue this year as AI potentially lifts overall chip-industry sales to $1 trillion.
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Shares of C.H. Robinson Worldwide on Thursday headed for their steepest drop ever, as investors seemed to focus their fears about AI disruption onto the transportation and logistics company.
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Long-term Treasurys had their best day in months on Thursday, as investors looked for safety in the bond market amid a broad selloff in U.S. equities.
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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