• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Is Walmart About to Transform the Way You Shop and Save?

June 15, 2025

9 Hot Collectibles That Could Make You Money Fast

June 15, 2025

AMD CEO Claims New AI Chips ‘Outperform’ Nvidia’s

June 14, 2025
Facebook Twitter Instagram
Trending
  • Is Walmart About to Transform the Way You Shop and Save?
  • 9 Hot Collectibles That Could Make You Money Fast
  • AMD CEO Claims New AI Chips ‘Outperform’ Nvidia’s
  • Why Knowing Your Customer Drives Smarter Growth (and Higher Profits)
  • You’re Only Three Weeks Away From Reaching International Clients, Partners, and Customers
  • Streamline Your Workflow With This $30 Microsoft Office Professional Plus 2019 License
  • BLS Data Show White Men’s Employment Opportunities Declining In Recent Months
  • Surveillance Nation: Who Else Has a File on Your Finances?
Sunday, June 15
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » U.S. stocks wobble as investors await inflation report for July
Investing

U.S. stocks wobble as investors await inflation report for July

News RoomBy News RoomAugust 9, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters.

Investing.com — U.S. stocks wobbled on Wednesday ahead of more corporate earnings, with numbers from entertainment giant Disney the highlight.

By 9:41 ET (13:41 GMT), the was down 7 points or flat, while the was down less than 0.1% and the was down 0.2%.

The benchmark Wall Street indices recorded a down day on Tuesday, pressured by losses in the banking sector after Moody’s rating agency cut its rating of 10 midsized lenders, citing concerns over sluggish deposits, elevated funding costs, and risks to commercial real estate assets.

The blue-chip fell just over 150 points, or 0.5%, the tech-heavy slumped 0.8%, and the broad-based dropped 0.4%.

Disney offers the day’s earnings highlight

The quarterly corporate earnings season remains in focus, with quarterly results from Walt Disney (NYSE:) the day’s highlight, scheduled to be released after the close.

The media conglomerate is expected to face tough questions over recent box office failures, while its TV division, which once financed high-profile mergers, has struggled to entice lucrative advertisers, and its streaming unit is not projected to make a profit until next year.

Penn Entertainment (NASDAQ:) stock rose 11% after the online bettor signed a $2 billion deal with ESPN sports network, with Penn rebranding its U.S. sports betting portals, currently known as Barstool Sportsbook, as ESPN Bet.

Amazon (NASDAQ:) dipped 0.8% following a Reuters report that the online e-commerce giant is in negotiations over joining a number of other technology firms as an anchor investor in Softbank-owned chip designer Arm’s planned initial public offering.

Fed speakers hint at rate-hiking pause

There’s little in the way of tier one economic data due for release Wednesday, with Thursday’s release of the latest data the week’s clear highlight.

Ahead of that Philadelphia Fed President suggested on Tuesday that interest rates are high enough already, echoing the view of Atlanta Fed President .

Crude rebounds after weak Chinese inflation data

Oil prices rebounded after early losses Wednesday, helped by the wider boost to risk sentiment.

The market retreated earlier Wednesday after the release of weak inflation data raised further concerns about the health of the Chinese economy, the world’s largest oil importer.

Official inventory data from the is due later in the session, after the industry body released data on Tuesday showing that U.S. crude inventories grew by over 4 million barrels last week.

futures were up 1% to $83.77 a barrel, while futures were up 0.8% to $86.92 a barrel. fell 0.1% to $1,957.

(Peter Nurse and Oliver Gray contributed to this item.)

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Is Walmart About to Transform the Way You Shop and Save?

Burrow June 15, 2025

9 Hot Collectibles That Could Make You Money Fast

Make Money June 15, 2025

AMD CEO Claims New AI Chips ‘Outperform’ Nvidia’s

Make Money June 14, 2025

Why Knowing Your Customer Drives Smarter Growth (and Higher Profits)

Investing June 14, 2025

You’re Only Three Weeks Away From Reaching International Clients, Partners, and Customers

Make Money June 14, 2025

Streamline Your Workflow With This $30 Microsoft Office Professional Plus 2019 License

Make Money June 14, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

9 Hot Collectibles That Could Make You Money Fast

June 15, 20250 Views

AMD CEO Claims New AI Chips ‘Outperform’ Nvidia’s

June 14, 20250 Views

Why Knowing Your Customer Drives Smarter Growth (and Higher Profits)

June 14, 20250 Views

You’re Only Three Weeks Away From Reaching International Clients, Partners, and Customers

June 14, 20250 Views
Don't Miss

Streamline Your Workflow With This $30 Microsoft Office Professional Plus 2019 License

By News RoomJune 14, 2025

Disclosure: Our goal is to feature products and services that we think you’ll find interesting…

BLS Data Show White Men’s Employment Opportunities Declining In Recent Months

June 14, 2025

Surveillance Nation: Who Else Has a File on Your Finances?

June 14, 2025

These Six-Figure Jobs Value Competence, Not Credentials

June 14, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.