
Increasing workforce effectiveness and competency via technology
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
November 22, 2021: -Futures tied to the Dow Jones Industrial Average and S&P 500 were under pressure Friday, as concern over a Covid-19 resurgence weighed on global markets.
Dow futures fell 177 points, or 0.5%, reversing course, earlier in positive territory, and S&P 500 futures fell 0.2%. Nasdaq 100 futures gained 0.4% as tech shares gained.
Markets took a hit after Austria announced earlier in the day that it would re-enter a complete national lockdown due to a spike in Covid cases. Germany also unveiled more restrictions for unvaccinated people on Thursday, as a fourth wave sent daily issues to a record high.
The market rally appeared to have slowed down a bit near-record levels even amid strong corporate earnings. Macy’s and Kohl’s both blew past analyst estimates in their quarterly earnings reports on Thursday.
Intuit shares soared nearly 10% higher premarket after the tech platform’s earnings blew past estimates and the company raised full-year revenue guidance. NVIDIA continued its strong run, with shares rising 1.8% on continued momentum from its earnings beat earlier this week.
On the downside, big energy companies were lower as oil prices continued their recent slump, with West Texas Intermediate falling about 2.5%. Occidental Petroleum led the declines, falling 3% in premarket trading Friday.
Shares of air carriers were also lower in premarket trading as investors worried about the Austrian lockdown’s potential effects. United Airlines fell 2% while Delta and American fell more than 1%.
Other travel stocks dropped as well, with Expedia falling 1.9% and Airbnb declining 2%.
Last week, the Biden administration lifted pandemic travel restrictions that have barred many international visitors for nearly 20 months, a move airlines and other travel companies cheered. But the increase in Covid cases and new regulations in Europe is damping hopes for an immediate rebound in trans-Atlantic travel. This usually lucrative segment is key to large carriers’ return to profitability.
So far this week, the blue-chip Dow is down 0.6%, on pace for its second negative week in a row. The S&P 500 and the tech-heavy Nasdaq Composite are headed for modest gains, up 0.5% and 0.8% this week, respectively. The S&P 500 is on track for its sixth positive week in seven, sitting 0.3% below its all-time high.
More than 90% of the S&P 500 companies have handed in their financial results for the third quarter, and over 80% of them reported earnings better than Street’s expectations, according to Refinitiv. S&P 500 companies are on track to grow profit by 41.5% year over year.
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
Total Quality Management (TQM) is an organisational philosophy that small business owners and managers adopt rather than a particular management …
We all struggle with self-doubt, but this struggle can be especially difficult for those in leadership positions. Leaders are expected to be …
Diversity and inclusion (D&I) include more than just headcounts, rules, or initiatives. Equitable employers outperform their rivals by valuing each team …
Whether you’ve recently been promoted to the executive level or have been with the company for 10+ years, one thing will never change. Human nature, like …
Regardless of your job title or business, you can be obliged to participate in negotiations from time to time as a business professional. Chances are, you are currently …
March 31, 2023: Initial filings for unemployment insurance ticked higher in the previous week but remained generally low in a tight …
March 30, 2023: In February, Higher mortgage rates took a few of the juice out of the housing development. After a sharp gain, pending home sales …
March 30, 2023: Saudi Arabia’s cabinet allowed a decision to enter a China-led security bloc, which makes Riyadh’s eastern …
March 29, 2023: On Tuesday, Alibaba said that it would split its company into six business groups, each able to raise outside …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you