LIVE: Market Coverage: Friday October 22 Yahoo Finance

#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).

Stocks traded mixed Friday morning as investors took in another batch of earnings results and more data on the pace of the economy recovery.

The S&P 500 rose after market open, setting a fresh intraday record high. The Dow also gained, while the Nasdaq lagged following a couple of weaker-than-expected technology earnings.

Snap (SNAP) shares sank after missing third-quarter revenues and offering weak current-quarter guidance, with Apple’s iOS privacy updates denting the social media platform’s advertising business. The miss also catalyzed a drop in shares of peer social media companies including Facebook (FB) and Alphabet (GOOGL).

Shares of Intel (INTC) also dropped after the company said margins would be under pressure for the next up to three years, in part reflecting challenges from global materials shortages. And Chipotle (CMG) shares fluctuated between small gains and losses despite posting better-than-expected quarterly same-store sales, though the company flagged widespread staffing shortages.

Despite some of the more recent, mixed earnings results, the S&P 500 and Dow have hovered within striking distance of their all-time highs, boosted by a string of earlier estimates-topping quarterly corporate profits and economic data. Both have served to stave off concerns over a decelerating growth environment after a surge in reopening activity earlier this year.

New data on Thursday showed weekly jobless claims improved to their lowest level since March 2020 last week, falling more-than-expected as firings, layoffs and other involuntary separations slowed further in the labor market. And existing home sales posted their biggest jump since September 2020 last month, showing still-robust demand for homes even as inventory remained tight and prices crept higher.

And based on quarterly results so far, many companies have shown they managed to grow profits even in the face of rising input and labor costs and supply chain challenges.

For more on this article, please visit:


1 Comment

  • Chelsea Rhiannon on October 22, 2021

    <<Love your video in general, but I will advise anyone who loves cryptos to stick with ETH and BTC as much as possible. 2021 will be completely different. Lucas Brooklyn also did a great job with my trades and increased my crypto using the price action margin. I had enough BTC and always traded more. If everyone is selling when it starts to fall, which at some point will be, the dream may be lost because it is too volatile for businesses to fall behind. The ability to create something that cannot be copied in the digital world is of immense value. A lot of people are going to build a business on it.

WhatsApp us
Live Chat

Office hours operation Mon-Sun 8:00 am ET – 4:00 pm ET

To start your Premium WP or Cpanel service, use our domain search engine, if the domain you want is available, contact us by Whats app to activate your project.

The easiest, fastest, and most secure way to communicate with us.
Please enter your domain.
Please verify that you are not a robot.

Terms Privacy