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Dow Jones tumbles ahead of Powell’s keynote speech Pinterest plunges into earnings



Dow futures rose ahead of Tuesday’s open after the Dow Jones Industrial Average fell 34 points on Monday. Federal Reserve Chairman Jerome Powell will speak on Tuesday The Economic Club of Washington, D.Cand investors will be looking for hints of future Fed hikes in the wake of Friday’s explosive jobs report.


late Monday, binaries (He drinks), factory (FN), pinterest (pins), Skyworks Solution (swks) And Take-Two Interactive Program (TTWO) were major earnings reports.

Binaries beat fourth-quarter estimates and the bottom line, but stocks were essentially inactive in the after-hours trading session. Vabriant shares jumped less than 1% on stronger-than-expected earnings and sales results.


Pinterest fell as much as 16% in extended trade before narrowing losses to around 10% after missing sales estimates. Skyworks jumped 2% despite mixed results, as the company approved a new $2 billion share buyback program.

Take-Two missed Wall Street targets for the December quarter, citing weak consumer spending. Take-Two also capped it with significantly lower views guidance for the March quarter. TTWO stock fell more than 1% in extended trade.

More earnings reports this week include: Chipotle Mexican Grill (CMG), Disney (dis), paycom software (PAYC), trandigm (TDG extension) And Vertex Pharmaceuticals (VRTX).

stock market today

On Monday, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%. The tech-heavy Nasdaq Composite Index sold up 1%. Among the exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ(down 0.85% and the SPDR S&P 500 Index)spy) lost 0.6%.

electric car giant Tesla (TSLA) up 2.5% on Monday. Among Dow Jones stocks, apple (AAPL) decreased by 1.8% and Microsoft (MSFT) is down 0.6% in the stock market today.


IBD Leaderboard Stock Watchlist Lattice semiconductors (LSCC), etsy (ETSY), nextstar (NXST) And wing stop (wing) – as well as Dow Jones shares Larva (cat) And c. B. Morgan Chase (JPM) – among the top stocks to buy and watch, with the market’s bull run still going strong.

lattice is IBD Leaderboard Stock watch list. Etsy was one of the last IBD stocks for the day. Nexstar has been among the IBD 50 stocks to watch lately. Caterpillar and Lattice appeared in the inventory column near the buy zone for this week.

4 growth stocks to buy and watch in Cursstock market rally

Dow futures today: oil prices, treasury yields

Before the opening bell on Tuesday, Dow Jones futures were up 0.2% against fair value, and S&P 500 futures were up 0.25%. Nasdaq 100 futures rose 0.3% against fair value. Remember that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.

The 10-year US Treasury yield rose sharply again on Monday, settling at 3.63%. On Friday, the 10-year yield jumped after the Labor Department’s strong jobs report.


Oil prices rebounded more than 1% on Monday, snapping a three-day slide that saw WTI futures drop below $73 a barrel. WTI futures traded around $74.50 a barrel, still near recent lows.

IBD’s latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and cryptocurrencies directly in your inbox.

What to do in the ongoing stock market rally

Now is an important time to read IBD’s Big Picture column as the stock market heads into a “definite uptrend” amid solid gains since the beginning of January.

With more encouraging action last week amid Nasdaq’s five-week winning streak, it makes sense for investors to increase exposure to 60% to 80%. But be prepared to move quickly as things can change quickly in the stock market, especially with Fed Chair Powell’s speech on the agenda for Tuesday.

(See IBD inventory lists as file defect 50 and stocks near the buy area, for additional stock ideas.)


Five Dow Jones stocks to buy and watch now

Dow Jones stock to buy and watch: Caterpillar, JPMorgan

Above the Dow Jones Caterpillar stock is back in a buying range above the 239.85 flat entry level, as it tries to find support around the 50-day moving average, according to IBD MarketSmith chart analysis. Shares rose 1.5% on Monday.

Banking giant JPMorgan remains in a buying range above 138.76 steady buy points amid gains of 0.6% on Monday. JPM shares It shows 94 constants from a perfect 99 IBD composite classification, per IBD stock check. The composite rating is designed to help investors easily find the highest growth stocks.

How did your online broker perform in the IBD Best Online Broker Survey 2023?

Top stocks to buy and watch: Lattice, Etsy, Nexstar

IBD Leaderboard watchlist fell 1.45% Monday, still in a buy range above 76.57 kopecks with a buy point handle. LSCC stock Demonstrating a strong 98 perfect composite IBD rating.


Backstory: The Oregon-based programmable gate array designer focuses on four major markets: data center, computing, automotive, and industrial. Its logic chips win new designs due to the exceptional qualities of small size, low power, reliability and ease of use. On December 5th, Lattice officially launched its latest chip design platform, Avant. The executives said that the new product will double its total addressable market. Poetry reports fourth-quarter results on February 13.

Etsy remains outside the buy range above 137.01 buy points in a cup with handle despite its 2% drop on Monday. It topped the buy zone by 5% at 143.86.

Backstory: The company is an online e-commerce platform provider where creators of arts and crafts, vintage items, and other unique goods go to sell their products. It has a unique business model that has moved in the last few years from a niche e-commerce market to a better shopping destination among many categories.

Media giant Nexstar is in a buying range of over 204.72 buy points for the base of the cup and was the 50-stock pick to watch on Tuesday. Earnings are scheduled to be released on Thursday.

Backstory: America’s largest local television group, Nexstar Media produces and distributes local and national news, sports, and entertainment content. In addition to its leading position in television, Nexstar is one of the world’s leading diversified media companies.


Wingstop Eyes latest purchase Point

Wingstop is approaching 170.97 longs on a lopsided Cup base, despite losing 1.1% on Monday, which ended a four-day winning streak. Keep an eye out for a potential handle to make a lower entrance.

Backstory: The Dallas-based restaurant chain has more than 1,900 locations in the United States and international markets, according to Dow Jones Newswires. Its international locations include Mexico, Colombia, Panama, Singapore and the United Kingdom. The company added 40 stores in the previous quarter. Earnings are due on February 22nd.

Join IBD experts as they analyze the leading stocks of the current stock market rally on IBD Live

Tesla stock

Tesla stock rose another 2.5% on Monday, extending its winning streak to five sessions and closing at its highest level since Dec. 2.

Despite its strong rebound since Jan. 6, stocks are still below the 200-day line. On Monday, Tesla stock closed nearly 50% off its 52-week high.


Dow Jones leaders: Apple and Microsoft

Among Dow Jones shares, Apple shares fell 1.8% on Monday, ending a four-day winning streak that saw the stock return to its long-term 200-day line. Shares are still about 16% from their 52-week high.

Microsoft shares fell 0.6 percent on Monday, down for the second straight session. Stocks are trying to halt their slide around the 200-day line and are down about 19% from their 52-week high.

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Rast’s accusations against Alec Baldwin were formally dismissed by Reuters




© Reuters. FILE PHOTO: A view of the movie “Rust” playing at Bonanza Creek Ranch near Santa Fe, New Mexico, US January 20, 2023. REUTERS/Drone Base/File Photo

Written by Andrew Hay

TAOOS, New Mexico (Reuters) – Special prosecutors in New Mexico on Friday dropped charges against actor Alec Baldwin in the 2021 shooting of “Rust” cinematographer Halina Hutchins, referring to what many legal analysts described as a rationale for a prosecution. flawed jurisprudence.

A person close to prosecutors said the move followed new evidence of the gun Baldwin was carrying when he fired the shot that killed Hutchins while shooting the movie in Santa Fe, New Mexico.

This information undermined the prosecution’s case after a series of legal flops, leading them to dismiss the charges before a May hearing when a judge was to decide whether there was enough evidence to prosecute Baldwin and gunsmith “Rust” Hannah Gutierrez Reid.


“The case was dismissed without bias and the investigation is active and ongoing,” prosecutors Carey Morrissey and Jason Lewis said in a memo.

Prosecutors went on to charge Gutierrez Reed, 25, with manslaughter. She has said she held the live round in the gun thinking it was a dummy round. The preliminary hearing in her case has been postponed to August 9.

The dismissal of the same charge against Baldwin came after his attorney presented evidence last week that the copy of the .45 Colt Baldwin has used has been modified with new parts since being manufactured by Italian gunsmith FLL Pietta.

The information compromised the prosecution’s argument that the gun was in fully working condition and could only fire if Baldwin recklessly pulled the trigger, according to the person familiar with the case.

Special prosecutors have said they may re-file charges against Baldwin once new evidence is examined, though legal experts are skeptical.


“This very weak case against Baldwin should never have been brought in the first place,” said Ambrosio Rodriguez, a former district attorney with the District Attorney’s Office in Riverside County, California.

Filming for “Rust” resumed in Montana this week with many of the same lead actors, including Baldwin, and was expected to wrap up in May.

Rust Movie Productions (RMP) said in February that it would not resume filming in New Mexico, without giving a reason. A Santa Fe prosecutor charged Baldwin and others in January.

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Leading news reporter Jill Christian dies at 83




Gail Christian, who broke barriers as a black on-air reporter and came to national prominence at NBC News and PBS, died April 12 in Los Angeles. She was 83 years old.

Her wife, Lucy Debardelapine, said it was a complication from a recent bowel surgery.

Christian overcame a troubled youth—including a prison term for armed robbery—to end a career as a prominent television journalist and news executive in the 1970s and 1980s, an era when the industry was dominated by white men.

It became a visible presence in American living rooms with it coverage to NBC News on the trial of Patricia Hearst, the newspaper heiress who was kidnapped in 1974 by a gang of left-wing revolutionaries called the Symbionese Liberation Army, and who was convicted two years later for participating in a bank robbery with the group.


But for Ms. Christian, it wasn’t enough just to appear as a rare black face on the evening news.

She said in Interview with the Chicago Tribune In 1986. I felt that was the reason I was there. I didn’t resent it in the least. I felt then, as I feel now, that it is very dangerous for a group of people to live in a society in which they are not allowed to explain themselves.”

It has succeeded in this task with features like “A Country Called Watts”, An hour-long 1977 NBC News special that explored the efforts of residents of this Los Angeles neighborhood to come together and re-evaluate the bloody civil unrest that occurred in response to police brutality in 1965, rebuilding burned-out blocks in the face of perceived government indifference and continued police harassment.

Gary Gilson, former faculty director of a summer program for minority students at Columbia University’s Graduate School of Journalism, in a phone interview. “And her pioneering role as a black news reporter allowed black kids to see, many for the first time, an impressive person on television who looked like them. It gave them recognition and hope.”

After two years at NBC News, Ms. Christian became news director for public station KCET in her hometown of Los Angeles, where she created a “60 Minutes”-style investigative series called “28 Tonight” (the station was on channel 28).


The program featured several award-winning segments, including a segment on a banking scandal that harmed low-income communities and another on a chemical spill in Orange County that caused illnesses in the area, each of which won a Peabody Award.

In 1981 she moved to Washington, where she began nearly a decade as the news director for the Public Broadcasting Service.

“Since I’ve been in the business, I’ve always wanted to be one of the officers who goes out in that little room and decides what’s going to be covered and who’s going to cover it,” she said in a 1976 interview with the Los Angeles Times. “But at NBC, I never saw any women walk into that little room. Nor any minorities. I thought this was my chance.”

She added, “As Bobby Seale said,” referring to one of the founders of the Black Panther Party, “take the time.”

Jill Christian Jill Patricia Wells was born on February 20, 1940, in Los Angeles, one of four children of Edwin Wells, who worked on an assembly line for the Hughes Aircraft Company, and Lucille (Scruggs) Wells, who owned a cosmetology college. In the Leimert Park neighborhood of South Central Los Angeles. (She later adopted Christian, a name from her mother’s family, as her professional surname.)


Ms. Christian grew up in Venice, California, and spent three years studying world history at California State University, Los Angeles, before dropping out to join the Air Force in 1962. She was caught in a raging crowd after being discharged, and in 1965, was found guilty of Armed robbery after eroticism in a hotel.

The theft, which resulted in less than $100, led to her admission to the California Institute for Women in Chino for 18 months. Christian said in a 1976 interview with TV Guide. “I really didn’t need to do that. I had a loving family, unlike a lot of the others in prison. I was just kind of pushed out at the time.”

After she had served her time, a paroled colleague who was working as a switchboard operator at The San Francisco Examiner gave her a tip that the paper was planning to hire two black reporters to diversify its staff. Without any experience, Ms. Christian considered the opportunity far-reaching, but talked her way into the role of an apprentice by stretching the truth.

“I gave them this song and they danced around working on this little black paper that the Klan burned,” she told the Tribune.

In 1970, she participated in an 11-week summer program for minority students in broadcast journalism at Columbia. (Geraldo Rivera was a classmate.) Two years later, she was hired by local NBC affiliate KNBC. She worked there for six years before NBC News hired her.


Her tenure at PBS ended in 1989, shortly after the network found itself embroiled in controversy over the airing of a pro-Palestinian documentary, Days of Rage, which Ms. Christian had acquired and was responsible for vetting. A news report confirmed that the film was partially supported by undisclosed Arab funding, which was denied by the film’s producer.

In an interview with The New York Times, Ms. Christian said she quit PBS for other reasons. She said, “You’re burning because this is a no-win situation.” “You are silent when things are going well and angry when there are questions.”

She eventually settled in Palm Springs, California, with Mrs. DeBardelaben, whom she married in 2016. In 2003, the couple started the Palm Springs Women’s Jazz Festival.

In addition to Mrs. DeBardelaben, Mrs. Christian is survived by her grandson. Her daughter, Sunday Barrett, died in 2019.

While Ms. Christian kept quiet about her prison term early in her career, she finally decided to divulge it to a sympathetic NBC executive. “The guy just looked at me,” she recalls. He says: I don’t have enough problems. Do I have to listen to you? Get outta here.’ I didn’t hear another word.”


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Economic mood and other investment stories you may have missed this week




This week has been a tough bullish one. Here’s what investors saw:

  • Oil prices have given up most of the gains from the OPEC+ production cut.

  • The Philadelphia Fed Manufacturing Index hit a new low for this economic cycle and missed expectations. Other indicators from the Conference Board The leading economic indicator I also fell.

  • Initial jobless claims were a surprise to the upside for the fourth consecutive week.

  • Weak earnings and more caution emerged from freight operators JB Hunt and Union Pacific as well as auto retailer AutoNation. Netflix and Taiwan Semiconductor, a major supplier to Apple, also issued guidance warnings.

  • There have been more layoffs in Meta’s Cloroxwith reports of planned job cuts at Disney.

  • Tesla reported a quarterly gross margin loss recently price cuts.

The bottom line is that there is an ongoing negative shift in economic data, most likely as interest rates continue to rise in the economy. This is a red flag.

Oddly enough, however, investors can’t seem to jump into it judging by the resilience of the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average.

“The latest data is further evidence that there will be a recession in the US soon, which fits with our own view at DB Research that it is expected to happen later in the year,” Jim Reed, Deutsche Bank strategist wrote in the client note.


Good words of wisdom now.

Tesla CEO Elon Musk speaks to a visitor as he arrives to look at the Tesla Gigafactory construction on September 3, 2020, near Gruenheide, Germany. (Photo by Maja Hitij/Getty Images)

3 things you might have missed

1. The mood among AmEx cardholders: I met with American Express CEO Stephen Squarey, and he struck an optimistic tone about order trends.

“The economy is definitely divided, and I think at the lower end of the economy, we’re seeing some pressure, but we don’t have that,” Squirey said, adding that he sees strong demand for travel in the spring and summer. The call to travel lines up with what we’ve heard about this earnings season from Delta and United Airlines.

2. Elon Musk is following the storm. An interesting highlight from Tesla’s earnings call was when Elon Musk said he didn’t see the economy improving until 2024. The CEO predicted another year of “stormy economic weather” before “things start to get sunny in the spring of next year.”


Musk joins the likes of JPMorgan CEO Jamie Dimon in using weather to describe the economic outlook.

3. About this credit cost: In an exclusive on Yahoo Finance Live, Loretta Mester, President of the Federal Reserve Bank of Cleveland, tells Jane Schoneberger that there is only one direction for interest rates in the near term: higher.

“I think that, given the complexity of inflation, and given the still-strong job market, I think rates should go above the 5% level,” Mester said.

Loretta J.  Jim Urquhart

Loretta J. Jim Urquhart

C-Suite, quote of the week

“We are not seeing a significant drop in trade [among consumers]John Mueller, CEO of Procter & Gamble (PG) told Yahoo Finance Live. We are witnessing, if anything, more careful use of the product they purchased. So they might use half a sheet of a Bounty paper towel instead of a full sheet. But overall, again, just looking at the numbers, the consumer holds up very well.”

planner of the week

For those investors who are ignoring the dangers of the impending debt ceiling, here’s a helpful reminder from the macroeconomics team at Goldman Sachs on how markets will price in the 2011 debt ceiling debate:

Remember the debt ceiling debacle of 2011?

Remember the debt ceiling debacle of 2011?

Brian Suzy He is the Executive Editor of Yahoo Finance. Follow Suzy on Twitter @tweet and on linkedin. Deal tips, mergers, activist positions, or anything else? Email

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