In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and an ECB rate hike due out later this week.
raised its quarterly dividend to 65.25 cents per share from 64 cents per share — a 2% increase. The new dividend will be payable Nov. 1. The move comes as Verizon shares struggle this year, losing 20% in 2022. The stock is also off by 7% over the past month and 25% below its 52-week high.U.S. stocks rose at Tuesday's open as Wall Street looks to snap a three-week losing streak. The Dow Jones Industrial average ticked up 117 points or 0.
Counting back from 1994 to calendar year 2021, Stoltzfus counted 13 Septembers that saw a negative return for the S&P 500 and 15 Septembers when the S&P 500 delivered a positive return. Billionaire investor Bill Ackman has said the Federal Reserve needed to be more aggressive in its rate hiking plan to tame inflation. Now, he says it's on well on that track and there are some indications that inflation is calming.
"Ultimately if you own great businesses, you can ride through a challenging time like this," he said.The S&P 500's roughly -16.1% year-to-date "hides sharp underlying moves," Credit Suisse's Jonathan Golub wrote in a Monday note. Returns have been -22.5% year-to-date through mid-June, up 17.7% to mid-August and -8.1% to month-end.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. Treasury yields rise as investors await economic data, auctionsU.S. Treasury yields were higher on Tuesday as investors awaited a fresh batch of economic data following Monday's Labor Day recess.
Leer más »
5 Things to Know Before the Stock Market Opens TuesdayHere are the most important news items that investors need to start their trading day.
Leer más »
Power outage causes school closure in DothanA Dothan school will not be in session on a post-Labor Day Tuesday after a power outage hits the city school system.
Leer más »
Biden assails Trump loyalists but not all Republicans after backlashPresident Joe Biden assailed 'MAGA Republicans' loyal to former President Donald Trump as he spent Labor Day working to ensure union workers provide strong turnout for Democratic candidates in the November elections
Leer más »
Labor Day 2022: Where are we?This year we celebrate nation's tribute to labor, the 128th official Labor Day. Where are we really on Labor Day 2022?
Leer más »