Market Coverage – Thursday May 19 Yahoo Finance

Share This Post



#RussiaUkraine #bonds #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed
#YahooFinance #investing #stockmarket #bitcoin #crypto
Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).

U.S. stocks sank lower at the start of trading Thursday, deepening losses from a weeks-long sell-off on Wall Street that intensified in the previous trading session as disappointing retail earnings reignited concerns about the impact of inflation.

The S&P 500 fell 0.7% after the index registered its worst decline since June 2020. The Dow erased 300 points following a nearly 1,200-point drop on Wednesday to close at its lowest level since March 2021, and the Nasdaq Composite edged 0.3% lower after the tech-heavy index plunged 4.7% in the last session.

These losses followed a bevy of weaker-than-expected quarterly results from big-box U.S. retailers that stoked investor fear about the toll inflationary pressures may take on corporate profits and consumer spending.

Target (TGT) lost a quarter of its market value on Wednesday after the company reported an operating margin far below analyst estimates and cut its full-year outlook, citing higher transportation costs due to rising fuel prices.

“Today’s broad-based market sell-off concerns the ability of companies to pass along higher costs, something that was questioned but which found somewhat of an answer with the retailer’s earnings reports,” LPL Financial Chief Equity Strategist Quincy Krosby said in an email on Wednesday. “To be sure, consumers continue to spend, but many of the top retailers are unable to pass along the higher labor costs and higher prices wrought by a still constrained supply chain.”

Target’s report also follows an earnings miss and forecast cut earlier this week from Walmart (WMT), news that has sent shares of the retail giant down 17% in the last two days, marking the stock’s worst two-day sell-off since 1987.

“Seemingly safe haven stocks, the staples like Target and Walmart, are not immune,” Cresset Capital CIO Jack Ablin told Yahoo Finance Live on Wednesday. “Investors are looking at these stocks and thought that they were safe havens, and now we’re seeing perhaps they weren’t.”

Declines in equity markets Wednesday come on the heels of hawkish remarks from Federal Reserve Chair Jerome Powell at a Wall Street Journal conference earlier this week that strongly signaled two more 50 basis point interest rate hikes were likely in the coming central bank policy-setting meetings.

Uncertainty around the pace and magnitude of the Fed’s rate hiking cycle has stoked pressure across equity markets that has persisted throughout the year as investors worry over the prospect of an economic slowdown if the central bank acts too aggressively. In 2022 so far, the S&P 500 is roughly 18% below its all-time high on Jan. 3, again tip-toeing into bear market territory, while the Dow is down about 14% over the same period and the Nasdaq has fallen deeper into a bear market – 28% below its record closing price in November.

“Chairman Powell’s hawkish comments yesterday afternoon and Target’s shrinking profit margins this morning were too much for the market to handle,” Independent Advisor Alliance CIO Chris Zaccarelli said in an emailed note. “Today’s sell-off shows that growth fears are still gripping investors and this year and the Fed doesn’t have their back.”

For more on this article, please visit:

Related Posts

Study Reveals the 8 Best Photos to Use in Your Dating Profile

LOS ANGELES, March 20, 2023 (Newswire.com) - A new study, conducted by The Match Lab, has revealed the eight best types of photos to use in a datin...

TruPro Elites Launches eCommerce Consultant Program for Business Owners

The new program allows entrepreneurs to leverage TruPro Elites' outsourced eCommerce experts to set up, manage and scale an Amazon marketplace

More and more entrepreneurs turn to Amazon each year to set up marketplaces for their businesses or start side hustles to earn passive income. Now, through the help of TruPro Elites, an Atlanta-based eCommerce consulting agency, entrepreneurs can leverage eCommerce experts to automate and scale a business and grow its revenue.

According to Forbes, more than 100,000 brands joined Amazon in 2021 alone, resulting in over 3.9 million products sold and an average of $200,000 in annual sales per seller.

"There is no better time than now for people to launch their own eCommerce businesses," said Anthony Wilson, CEO of TruPro Elites. "Whether it's a brand trying to increase online sales, an entrepreneur trying to bring a new product to market or just someone looking for passive income to save for retirement or increase their net worth, eCommerce businesses are a lucrative way to generate revenue."

Small and medium-sized business owners all face the same challenge of balancing running their business and having time outside of work. TruPro Elites helps individuals to achieve financial freedom by conducting product and supplier research, supply chain management and leveraging their team of eCommerce experts to launch and scale Amazon FBA marketplaces without huge time or monetary commitments.

"Starting an eCommerce business can be tricky to do on your own, but because we have helped to launch and scale over 100 Amazon stores, we have been able to unlock the secrets to ensuring success," Wilson said. "We help to identify the right products, audiences and setups to allow for people to earn passive income that yields consistent results and predictable returns in just a few hours per month."

Previously, in order to successfully launch an eCommerce brand, individuals or businesses would have to devote years of training or costly resources and hours to ensure a return on investment, or they would have to give away a percentage of sales on a revenue-share model.

Through TruPro Elites, now people can leverage unique insights and tap into dedicated experts who manage every aspect of an Amazon marketplace. TruPro Elites identifies a product, sets up the marketplace and connects entrepreneurs with a dedicated "Store Manager" who helps provide resources and training and teaches the business owner how to optimize and scale before handing it back over for day-to-day management.

Interested entrepreneurs or individuals looking to get started can sign up for a complimentary consultation call with a TruPro Elite expert by visiting TruProElites.com.

About TruPro Elites

TruPro Elites is an Atlanta-based e-commerce consulting agency established in 2021. Our goal is to assist individuals in achieving long-term sustainable financial freedom by providing reliable passive income options that yield consistent results and predictable returns. Our proven expertise has helped create over 100+ Amazon stores, and our motto "Trust the Process" reflects our commitment to achieving the best results for our clients. Our team coaches and trains individuals to successfully run their own Amazon storefronts, using a calculated approach to determine the right products to feature and sell, along with offering done for you and placement services. Choose TruPro Elites to guide you on your path to financial independence.

Contact Information:
Mike Albanese
mike.albanese@newswire.com


Original Source: TruPro Elites Launches eCommerce Consultant Program for Business Owners

AJC Names Digital Additive to Top Workplaces 2023

Metro Atlanta's Best Places to Work Determined by Employee Feedback collected by Energage

Digital Additive, an award-winning eCRM-focused agency specializing in Salesforce Marketing Cloud, is honored to be included as an award winner in Atlanta Journal-Constitution's Metro Atlanta Top Workplaces 2023. This is the 12th year AJC has collaborated with employment research and consulting firm Energage to determine the best places to work in metro Atlanta.

A unique feature of the list is that it is based solely on employee feedback gathered by Energage through a confidential survey. This survey measures culture drivers critical to the success of any organization from alignment and connection to employee engagement and company leadership. Top workplaces are determined on how positively employees rate their workplaces, making it a genuine representation of the employee experience.

"Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees," said Eric Rubino, Energage CEO. "That's something to be proud of. In today's market, leaders must ensure they're allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends."

Earning this recognition reflects high organizational health. Research from Energage shows that the traits team members value most in the workplace are the core elements of overall organizational wellness. Additionally, companies with high organizational health typically outperform their peers in their industry.

"We're really proud that Digital Additive has been included in this list. It shows in a measurable way that our commitment to building a supportive work environment is a lived experience by our teammates," said Kevin Moran, Digital Additive CEO. "It will also ensure DA continues to attract and retain the best talent."

About Digital Additive: 
In a world of one-size-fits-all communication, Digital Additive delivers on the promise of one-to-one. We don't talk at people, we engage them in genuine conversations. Authentic connection, real relationships: that's messaging done right. We get that. And it drives us every day, every send, to do it smarter than everyone else. Learn more and discover open positions at www.digitaladditive.com or contact Roxana Shershin at info@digitaladditive.com

Contact Information:
Thrisa Powells
People Operations Director
thrisa.powells@digitaladditive.com
4045515558 x 150


Original Source: AJC Names Digital Additive to Top Workplaces 2023
green agriculture project
- Part of VUGA Media group -best seo company