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S&P 500, Nasdaq dip with economic data, earnings in focus

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S&P 500, Nasdaq dip with economic data, earnings in focus
The S&P 500 and the Nasdaq closed lower on Tuesday while the Dow edged up to its third record close in a row, as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was the market’s weakest sector, weighed down by Alphabet shares, which fell 1.8% after Google’s parent said it sold bonds worth $20 billion.

The announcement played in to investor ‌worries about the amount of ⁠money technology ⁠companies say they must spend to support the artificial-intelligence boom, with Amazon, Alphabet, Meta and Microsoft collectively set to spend hundreds of billions in 2026 as they race for AI dominance. Meanwhile, U.S. retail sales unexpectedly stalled in December as households scaled back spending on vehicles and other big-ticket items, suggesting a slower growth path for consumer spending and the economy heading into the new year. The flat reading compared with economists’ estimates for 0.4% growth. Trader hopes edged up for a more dovish Federal Reserve with the probability of a one-notch April rate cut up to 36.9% from 32.2% on Monday, according to CME Group’s FedWatch tool. Markets still expect, however, that the central bank will keep rates on hold until June, when President Donald Trump’s Fed chair nominee, Kevin Warsh, would take charge if approved by the U.S. Senate.

Mark Luschini, chief investment strategist ⁠at Janney Montgomery Scott, ‌described the disappointing retail data as “bad news is good news,” particularly for rate-sensitive industry indexes such as utilities and real estate , ​which were leading the ​benchmark’s sector gainers.

But the strategist pointed to caution ahead of the delayed but closely watched nonfarm payrolls report, due on Wednesday.

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“In ⁠anticipation of the jobs report, nobody wants to get too far above their risk budget in ​the event the number does cause some consternation,” said Luschini. Potentially adding some angst was White House economic adviser Kevin Hassett’s ​comment on Monday that U.S. job gains could be lower in the coming months because of slower labor force growth and higher productivity due to AI gains.


The Dow Jones Industrial Average rose 52.27 points, or 0.10%, to 50,188.14, after hitting an intraday record high earlier in the day. The S&P 500 lost 23.01 points, or 0.33%, to 6,941.81 and the Nasdaq Composite lost 136.20 points, or 0.59%, to 23,102.47.
With the S&P 500 narrowly missing a return to its late January record close on Monday, Janney’s Luschini said: “When a security or an index reapproaches a high level again there’s often some hesitation, some contention that has to take place before it can break through that peak again.” Gains ‌of more than 2% in stocks such as Walt Disney and Home Depot helped push up the blue-chip Dow, countering declines in shares including Coca-Cola, which finished down 1.5% after missing Wall Street estimates for fourth-quarter revenue.In other individual stocks, Datadog jumped 13.7% and led S&P 500 ​percentage gainers on the ​day after the cloud-based monitoring and analytics platform ⁠beat quarterly estimates. In the consumer discretionary sector, Marriott closed up 8.5% for its biggest daily gain since April after also hitting a record high. The hotel chain projected a 35% jump in fees from co-branded credit cards, as affluent travelers splurge on luxury vacations. Shares of S&P Global slumped 9.7%, making it the biggest loser in the S&P 500 ​after forecasting 2026 profit below analysts’ estimates. Peers Moody’s and MSCI also fell. Spotify shares soared 14.7% after the audio-streaming platform forecast first-quarter earnings above expectations, benefiting from strong user growth and price hikes.

Advancing issues outnumbered decliners by a 1.47-to-1 ratio on the NYSE where there were 795 new highs and 65 new lows. On the Nasdaq, 2,276 stocks rose and 2,447 fell as declining issues outnumbered advancers by a 1.08-to-1 ratio.

The S&P 500 posted 72 new 52-week highs and 11 new lows while the Nasdaq Composite recorded 105 new highs and 107 new lows.

On U.S. exchanges, 17.89 billion shares changed hands compared with the 20.68 billion-share moving average for the last 20 sessions.

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Toyota, Hyundai, Chinese expected to be most impacted by Iran war

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Toyota, Hyundai, Chinese expected to be most impacted by Iran war

Toyota Motor Corp. vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan, on Tuesday, April 29, 2025.

Toru Hanai | Bloomberg | Getty Images

DETROIT — Toyota Motor, Hyundai Motor and Chinese automakers such as Chery face the most potential impact of non-domestic automakers from the U.S.-Israel war with Iran, according to an analysis by Bernstein.

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Those international automakers account for roughly a third of sales in the Middle East, according to the report, led by Toyota at 17%, Hyundai at 10% and Chery at 5%. In Iran specifically, Bernstein reports Iranian automakers Iran Khodro and SAIPA lead, followed by Chery with a 6% market share.

Other Chinese carmakers also are expected to be impacted, as the Middle East has become a growing destination for Chinese auto exports. Bernstein, citing China export data, said the region accounted for about 17% of China’s passenger vehicle exports in 2025.

The Bernstein report notes that while sales in the region will be impacted, the closing of the Strait of Hormuz, which links the Persian Gulf to the Gulf of Oman and the Indian Ocean, and rising oil prices will have ripple effects across the global automotive industry.

“Closure of the Strait of Hormuz adds 10-14 days to transit times,” Bernstein analyst Eunice Lee said in a Wednesday investor note, adding “a prolonged conflict and closure of the strait would hurt sales, increase logistics costs, and delay deliveries.”

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Roughly 20 million barrels of crude oil travel through the strait every day, according to consulting firm AlixPartners. It’s also a “critical passage” for vehicle and parts shipments to the Middle East, Bernstein noted.

Bernstein said any effect on Japanese automakers “appears limited for now, but close monitoring of developments is still required.” It also said, of the European automakers, Chrysler and Jeep parent Stellantis “seems to have the largest exposure in light of its overall issues.”

“The impact of rising gasoline pump prices is already being seen in Stellantis’ 11% stock price slump since its close last Friday – making so sharp a pivot to gas guzzling HEMI V8 engines and writing off its electrification efforts seems particularly inauspiciously timed at the moment,” Lee wrote.

U.S. crude oil prices on Thursday topped $80 per barrel, and retail gasoline prices in the U.S. have jumped nearly 27 cents since last week to $3.25 per gallon on average, according to the motorist group AAA.

Stellantis this week said it is “closely monitoring developments across the affected countries,” noting it’s “not yet possible to fully assess the potential impact on local operations.”

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Toyota, Hyundai and Chery did not immediately respond for requests for comment.

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Truist reiterates Buy on Camden Property Trust stock, $118 target

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Truist reiterates Buy on Camden Property Trust stock, $118 target

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Craig-Hallum raises Marvell stock price target on data center growth

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Craig-Hallum raises Marvell stock price target on data center growth

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How Major Sporting Events Like Cheltenham Festival Impact The UK Economy

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How Major Sporting Events Like Cheltenham Festival Impact The UK Economy

Every year, major sporting events capture national attention. Stadiums fill, viewing figures rise, and social media feeds become saturated with highlights and commentary. But beyond the excitement, there is a bigger question worth asking.

What do these events actually do for the UK economy?

Cheltenham is a prime example. While it is known for world-class racing, its influence stretches far beyond the track. From hospitality and retail to technology and media, the ripple effects are significant and measurable.

The Local Economic Surge

The most direct effect is financial to host towns and cities.

Hotels often operate at near full capacity during the festival. Restaurants stay open later to meet increased demand. Local shops increase their stock in anticipation of higher foot traffic. Transport services and taxis are at their maximum capacity.

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For many independent businesses, festival week represents a significant share of their annual income. Some businesses even structure their annual plans around these peak periods.

This surge in activity can help sustain businesses through quieter months. Visitors who discover the area during major events often return later for leisure or business.

Regulated Betting As An Economic Driver

The effect of Cheltenham on the UK economy is greatly connected with the regulated bets. The amount of betting on licensed sites increases dramatically during the Festival.

This growth is improving the turnover of operators and generating revenue for the government in the form of betting duties and taxation. It aids employment in trading teams, compliance divisions, payment providers, and technology services.

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Reliable, UK-regulated betting sites play a key role in this ecosystem. As race week approaches, many adults choose to engage through approved operators, often taking advantage of Cheltenham free bets within strict regulatory guidelines.

These incentives help drive participation on licensed platforms rather than unregulated markets, keeping economic activity within the UK system.

The Digital And Technology Effect

Of course, modern sporting events rely heavily on technology.

Live streaming platforms must handle large numbers of simultaneous users. Cybersecurity teams monitor systems for potential vulnerabilities. Faster connectivity also supports the growth of online commerce. Cloud infrastructure can scale quickly to handle peak traffic.

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Search engines announce that they have had great growth in queries about events. Real-time activities are peaking on social media. Brands take advantage of such moments to test programs and gauge the reaction of the audience.

To a great extent, sport has turned into a digital resilience test. Companies that anticipate such a rush usually have worthwhile performance lessons. The ones that do not necessarily threaten downtime or a damaged reputation.

Employment And Skills Opportunities

Festival week has seen a boom in visitor numbers and business. Clearly, it provides temporary employment, which has a direct impact on the local economy by injecting money in the form of wages.

These jobs include:

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  • Stewards
  • Hospitality and bar staff
  • Event operations coordinators
  • Security and crowd control officers
  • Cleaning and ground maintenance crews
  • Transport marshals and shuttle drivers

For students and part-time workers, these positions provide flexible income. For others, they offer hands-on experience in fast-paced operational environments.

Infrastructure Investment With Lasting Value

The major events hosting lead to the improvements of infrastructure that directly boost the economy of the location.

These may include:

  • Improved public transport links
  • Road network enhancements
  • Broadband and mobile connectivity upgrades
  • Expanded safety and crowd management systems

This kind of improvement enhances productivity, attracts investment, and business growth even after the event has been held. Light-speed connection enhances online trade, and improved transportation minimizes the expenses and promotes all-year-round tourism.

Hosting a high-profile event in other instances speeds up the investment decision-making process, giving rise to investment that provides a long-term economic benefit.

Responsible Business And Consumer Awareness

The regulatory frameworks in the UK are still changing to make consumer protection central to them. The language of marketing has also become more restrained, with words that are aimed at information as opposed to empty promises.

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This wider change portrays a changing expectation. Businesses in the UK are coming out to be evaluated based not only on profitability but also on ethical behavior and transparency.

The issue of opportunity versus responsibility is now a thing of the business environment.

Conclusion: A Blueprint For Economic Momentum

Major sporting events demonstrate how culture and commerce intersect.

They create concentrated economic activity. They stimulate digital innovation. They encourage infrastructure investment. They generate employment opportunities.

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For business leaders, the takeaway is clear. Preparation matters. Data analysis matters. Strategic timing matters. When managed effectively, sporting events become more than entertainment. They become catalysts for growth.

As the UK continues to adapt to economic pressures and technological change, understanding how to harness the momentum of major events could offer a valuable competitive edge.

The real question is not whether events like Cheltenham drive economic impact. The real question is how effectively businesses and regions position themselves to capture that opportunity.

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Why Physical Office Strategy is the New Competitive Edge

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Fintech has really changed the way we deal with cash, into an era when digital wallets, instant loans, and banking access are all within a few taps.

In the digital age, we spend a massive amount of time talking about the “cloud,” remote workflows, and virtual collaboration. We obsess over the software that keeps our teams connected.

However, for those of us who still maintain physical headquarters, retail spaces, or industrial hubs, there’s a physical reality that often goes unaddressed. The environment we build around our people is a silent partner in our success or failure.

But have you ever walked into an office and felt your energy drain before you even sat down? Honestly, we’ve all been there. It’s that subtle, heavy feeling of a space that just wasn’t designed for humans.

As we move through 2026, the traditional cubicle farm feels like a relic of a distant past. Business leaders are beginning to understand that the “vibe” of an office isn’t just about aesthetic preference. It’s about biological and psychological needs. When a space feels cramped, dark, or disjointed, the people inside it reflect that energy. Conversely, a space designed with flow and human comfort in mind can act as a catalyst for innovation.

So, how much of your team’s output is being stifled by the very walls around them?

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The Psychology of Transitions

Most of us don’t think about the physical transitions in our workday. We move from the car to the lobby, the desk to the breakroom, and the meeting room to the private booth. Each of these movements is a mental transition. If the path is cluttered or the environment is harsh, that transition is jarring.

Smart business management is about reducing friction. In a physical sense, this means creating intuitive layouts. It means ensuring that when someone moves from a high-energy collaborative session to a moment of private reflection, the architecture supports that shift. This is where the details matter. From the height of the ceilings to the durability of the materials used in the most high-traffic areas, every choice is a message to your team about how much you value their daily experience.

And that’s the point. It’s about respecting the workday.

Investing in Infrastructure That Lasts

When a business grows, the temptation is often to find the fastest, cheapest way to fill a space. We saw this in the “fast furniture” trend that dominated the last decade. But we’re seeing a correction now. Leaders are looking for longevity. They want materials that can withstand the rigors of a busy workforce while maintaining professional dignity.

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This focus on quality is particularly important in the areas of a building that are most used. Whether you’re looking at modular office walls or specialized facility components, the source of your materials defines the lifespan of your renovation. Many project managers find that working with specialists like onepointpartitions.com allows them to maintain a high standard of durability without sacrificing the modern look that today’s talent expects. It’s about finding that balance between rugged utility and high-end design.

But what happens when you prioritize the upfront cost over the long-term culture? Usually, you end up paying for it in turnover.

The Impact of Private Spaces in a Collaborative World

The “open office” experiment had some wins but also major losses. We learned the hard way that humans need walls. We need boundaries. While collaboration is the lifeblood of a creative company, deep work requires silence and a lack of visual distraction.

The future of office design is hybrid. This doesn’t just mean working from home; it means having a hybrid physical space. It means having areas where the energy is palpable and areas where the world is shut out. Designing these “quiet zones” requires a deep understanding of acoustics and spatial psychology.

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If you give a team member a place where they can truly focus without feeling like they’re on display, their output changes. It becomes more thoughtful and less reactive. We all need a little room to breathe.

Sustainability as a Business Asset

In 2026, sustainability is no longer a “nice to have” feature. It is a core metric of business health. Clients, employees, and investors are all looking at the physical footprint of the companies they support. A building that’s energy-efficient and built with sustainable materials is future-proof.

This extends to the way we renovate. Instead of tearing everything down and starting over, we’re seeing a rise in modularity. Being able to reconfigure a space without sending tons of drywall to a landfill is a massive advantage. It allows a business to stay agile. As the team grows or the business model shifts, the walls can literally move with the vision.

It’s the hum of the laptop at midnight in a building that breathes with you.

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The ROI of Employee Wellness

At the end of the day, a business is its people. If those people are stressed, tired, and frustrated by their physical surroundings, no amount of high-tech software will save the culture. Investing in the physical environment is an investment in retention.

When a team member walks into a facility that feels clean, intentional, and well-maintained, they feel respected. They feel like the company’s invested in their day-to-day comfort. You know, it’s those small things—the quality of the lighting, the privacy of the facilities—that tell the real story of a company’s values. This leads to higher engagement and a more positive brand reputation.

Final Thoughts on Spatial Strategy

Rethinking your physical space is a daunting task, but it’s one of the most rewarding moves a business leader can make. It forces you to look at how your team actually works rather than how you think they should. It requires a blend of practical logistics and creative vision.

When you prioritize the human element of your architecture, everything else falls into place. Space becomes a tool rather than a hurdle. As we look toward the future of work, the winners will be the companies that treat their physical headquarters as a living, breathing part of their strategy.

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Form 8K First United Corporation For: 6 March

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Form 8K First United Corporation For: 6 March

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Form 8K Entergy Mississippi LLC For: 6 March

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Form 8K Entergy Mississippi LLC For: 6 March

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Canadian rice producer to build first US facility

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Canadian rice producer to build first US facility

Will significantly expand company’s production capacity in the United States.

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Used vehicle prices jump ahead of spring selling season optimism

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Used vehicle prices jump ahead of spring selling season optimism

A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop.

Jim Watson | AFP | Getty Images

DETROIT — A closely watched barometer for used vehicle pricing jumped last month as dealers sped to increase inventories amid expectations of a robust spring selling season.

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Cox Automotive on Friday reported its Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 4% in February compared with a year earlier, to a level of 212.3. That was up 0.8% from January and marks the index’s highest level since September 2023.

“Since the start of 2026, we’ve seen mostly solid demand at Manheim with higher sales conversion rates indicating an appetite from dealers to buy. As we progressed through February, we saw prices move higher than usual, especially in the back half of the month,” said Jeremy Robb, Cox chief economist.

Robb said the buying optimism was fueled by expected higher tax returns for American consumers, which offset broader economic and geopolitical concerns. However, the war in Iran introduces risks to the economy and may “put a damper on consumer appetite in the short run,” he said.

“This could slow the building pace we see on the back of tax refund season, particularly as gas prices rise. All in, the impact may be more acutely felt early in the month, with a pickup in demand building as we move through March,” Robb said.

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Used vehicle prices remain high compared with historical levels but are off from record highs during the coronavirus pandemic, when resilient demand and low inventories inflated prices. Retail prices for consumers traditionally follow changes in wholesale prices.

The average listing price for a used vehicle in January was $25,533. That compares to more than $28,000 in 2022, according to Cox.

At the beginning of the year, Cox said it expected wholesale prices on its Manheim Used Vehicle Value Index to end this year 2% higher than December 2025. 

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United Airlines CEO says fuel prices will hit first-quarter results

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United Airlines CEO says fuel prices will hit first-quarter results

Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City.

Michael M. Santiago | Getty Images

BOSTON — United Airlines CEO Scott Kirby said the spike in fuel prices since the U.S. and Israel attacked Iran on Saturday will have a “meaningful” impact on the carrier’s financial results this quarter, but he added that demand has been resilient.

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Jet fuel, airlines’ biggest expense after labor, has surged 58% since last Friday, going for $3.95 a gallon on Thursday, according to the Argus U.S. Jet Fuel Index.

“If it continues we’ll feel it in Q2 also,” Kirby said after an event Thursday afternoon where he discussed the future of air travel at Harvard John A. Paulson School of Engineering and Applied Sciences.

United, like most major U.S. carriers, doesn’t hedge fuel, a practice where airlines or other companies lock in prices using futures contracts or other products. A Boeing 737-800 can hold 6,875 gallons of fuel, according to a manufacturer guide.

“No one hedges anymore and even if you do, hedging the crack spread is really hard to do,” Kirby said. The crack spread is the difference between the price of crude oil and products like gasoline.

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When asked when the higher fuel costs will start affecting airfares, Kirby said it will “probably start quick.” 

He added that travel demand has been resilient over all, with booked revenue up 20% from a year ago. Demand “has not taken even a tiny step back,” he said.

Read more about the Middle East conflict’s travel impact

Kirby spoke less than two weeks before airlines are set to attend a closely watched JPMorgan industry conference where airline executives often update their financial outlooks.

His comments are an early sign of how global airlines are impacted by the war, which left more than a million people stranded after over 25,000 flights were canceled, forcing customers to find alternatives to flight chaos in the Middle East.

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A new segment is emerging for United because so many customers have been caught up in airspace closures and massive flight cancellations in the Middle East since Saturday’s attacks and other strikes throughout the week.

Dubai International Airport in the United Arab Emirates is the busiest international airport in the world, according to the Airports Council International, while Hamad International Airport that serves Doha, Qatar, is another major hub.

The airports are gateways to millions of passengers flying to and from destinations that span Australia, India, Europe and North America. But customers have been forced to avoid the Middle East amid airspace closures.

“Each day this week, we have booked over 1,000 people from Australia and New Zealand to Europe. Last year, we booked less than one a day,” Kirby said, adding that Europe is the strongest region in the world for bookings now.

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United is also in talks with the Trump administration for potential charter flights to get citizens out of the Middle East, Kirby said, but that plans haven’t been set yet.

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