[ad_1]
28 minutes ago
Nintendo stock falls due to unconfirmed reports regarding Switch 2 release delay
Shares in Japan-based video game company Nintendo fell more than 6% following unconfirmed reports that the release of its next console could be delayed to early next year.
Nintendo initially aimed to release a successor to its Switch game console by the end of 2024, but the company did not immediately respond to CNBC’s request for comment.
See chart…
Nintendo stock slide
2 hours ago
CNBC Pro: These are the only two ETFs that have made money every year for the past 10 years
According to research by CNBC Pro, only two exchange-traded funds around the world that invest in defensive stocks have posted positive returns every year over the past 10 years.
These two funds stood out among 8,300 equity ETFs from around the world reviewed by CNBC Pro. Both funds have more than doubled investors’ cash over the past decade.
CNBC Pro subscribers can read more here.
— Ganesh Rao
2 hours ago
CNBC Pro: ‘Good year’ for stocks: Morgan Stanley’s Slimmon names three stocks to buy right now
The stock market has been very strong so far, with the S&P 500 index closing above 5,000 for the first time last week.
“I think that’s very encouraging because it means that earnings expectations for this year are not going to go down, they could possibly go up, and that’s important to the market,” said Andrew, Managing Director and Senior Portfolio Manager.・Mr. Slimmon said. Morgan Stanley Investment Management told CNBC.
This year will be a “good year for stocks,” Slimmon said, naming three of his favorite stocks.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
Friday, February 16, 2024 4:08pm EST
Stocks fall, ending five-week winning streak
All three major indexes ended in the red on Friday, ending a five-week winning streak.
The S&P 500 fell 0.48% to end at 5,005.57. The Dow Jones Industrial Average fell 145.13 points, or 0.37%, to settle at $38,627.99. The Nasdaq Composite Index fell 0.82% to end at 15,775.65.
— Lisa Kailai Han
Friday, February 16, 2024 11:53 a.m. EST
Consumer sentiment, inflation outlook stable in February, survey finds
In the latest University of Michigan survey, consumer confidence and inflation expectations were little changed as respondents weighed different indicators of stock market volatility and prices.
February’s sentiment index was 79.6, up just 0.6 points from January and just shy of the Dow Jones forecast of 80.
Regarding inflation expectations, the one-year outlook gradually rose by a tenth of a point to 3% on a monthly basis, while the five-year outlook remained unchanged at 2.9%. Both rates are above the Federal Reserve’s 2% target, but they continue to show signs of easing. In contrast, the 1-year forecast a year ago was 4.2%.
“The fact that sentiment hasn’t collapsed at all this month suggests that consumers continue to feel more secure about the economy, and in December and January, “We have seen significant improvements in various aspects of the economy.”
—Jeff Cox
[ad_2]
Source link
