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Tech Lifts Stocks as Apple Jumps in Late Hours: Markets Wrap

(Bloomberg) — The rally in tech heavyweights extended into late hours after better-than-estimated results from Apple Inc., with the iPhone maker also raising its dividend and announcing plans to buy back more stock. A $250 billion exchange-traded fund tracking the Nasdaq 100 powered higher after the close of regular trading, with Apple soaring after predicting…
United States New York United Kingdom Jerome Powell Ryan Vlastelica Jessica Menton

S&P's Risk-On Momentum Gets Added Boost From Rebounding Profits

(Bloomberg) -- With the quarterly reporting season roughly half over, US corporate earnings have largely lived up to Wall Street’s optimistic expectations even as macroeconomic headwinds linger.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally Tha...
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Source: yahoo.com

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Options Traders' Unease Focuses on CPI More Than Fed, Citi Says

(Bloomberg) -- The options market is more concerned about a potentially big S&P 500 move on Tuesday’s inflation report than it is about the Federal Reserve’s interest rate decision next week, Citigroup analysts said.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksThese Are the Best Countries for Wealthy ExpatsThe S&P 500 Index...
Stuart Kaiser Bloomberg Businessweek Federal Reserve Market Committee Federal Open Market Committee Options Snapshot
Source: yahoo.com

Traders play defense in regional bank ETF's options as shares sink

Options volume on SPDR S&P Regional Banking ETF surged for a second straight session on Thursday, spurred by bearish trading, as a sell-off in shares of U.S. regional banks continued after trouble at New York Community Bancorp. KRE shares fell 2% on Thursday while NYCB slipped 8%, extending its losses from Wednesday when the stock experienced a record single-day drop of 37.6% after announcing a surprise loss and a 70% divided cut. With the New York Community Bancorp (NYCB) shares just be...
Megan Davies Laura Matthews David Ljunggren Stuart Kaiser Nick Zieminski Saqib Iqbal Ahmed
Source: yahoo.com

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