Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …
Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …
Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, …
Micron earnings suggest chip downturn could be worse than Wall Street expects Read More »
Ahead of that, stocks fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they face recession risks with higher rates and higher inflation alongside a brutal war in Europe. But our …
Ahead of that, stocks fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation alongside a brutal war in Europe. But our …
