{
}
Lennar's price target has been reduced to $164 from $183 by UBS, reflecting a shift in market expectations. This adjustment highlights the ongoing changes in the financial landscape affecting the homebuilder's stock performance.
The stock market faced significant losses as major indexes fell below key levels, influenced by a less-dovish Fed rate outlook and rising Treasury yields. FedEx surged on plans to spin off its Freight business, while Micron Technology and Vertex Pharmaceuticals plummeted due to disappointing guidance and drug study results, respectively. Despite a weak performance from Nike and other companies, a tame inflation report provided some relief on Friday.
Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
The Dow Jones Industrial Average attempted to recover from a significant 1,100-point drop, gaining 0.4% after a 2.6% decline. Micron's shares plummeted 17% following disappointing earnings guidance, while Nvidia rebounded 2.4% after five days of losses. Economic indicators showed a surprising 3.1% GDP growth and lower jobless claims, but market volatility persisted.
The Dow Jones Industrial Average rebounded by 1.1% following stronger-than-expected GDP growth of 3.1% and a drop in jobless claims to 220,000. However, Micron Technology's stock plummeted over 16% due to a disappointing outlook, while Nvidia attempted a recovery after a five-session decline. Other notable market movements included Darden Restaurants surging 14% and Lennar falling 4%.
Stock futures are rising as markets aim to recover from a significant sell-off triggered by the Federal Reserve's cautious outlook on interest rate cuts. The Dow fell 2.6% over ten consecutive sessions, while major tech stocks like Nvidia and Tesla saw gains. Meanwhile, Micron's shares dropped 11% after disappointing results, and Bitcoin traded at $102,000, recovering from a low of $99,000.
Dow futures remained stable as traders anticipated the Federal Reserve's interest rate decision following a nine-day losing streak for the index, its longest since 1978. With a 95% chance of a quarter-point rate cut, investors are also focused on Fed Chair Jerome Powell's press conference for future guidance. Market performance on Fed days has been notably weaker under Powell compared to previous chairs, with most sectors closing in the red, except for consumer discretionary, which gained 0.28%.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
Lennar Corp
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lennar price target reduced by UBS to 164 from 183
21:10 23.03.2025
stock market faces volatility as fed rate outlook shifts and earnings disappoint
United States Dollar
Euro
Boeing Co
Jabil Inc.
Shoe Carnival, Inc.
NIKE, Inc.
Honeywell International Inc.
Airbus SE
Accenture plc
Heico Corp
NVIDIA Corporation
Cintas Corp
FedEx Corp
Lennar Corp
Darden Restaurants, Inc.
CarMax, Inc.
USA
Matthew Friend
Elliott Hill
Elon Musk
Jerome Powell
Show more
18:20 20.12.2024
market update wall street reacts to fed decisions and corporate earnings
NIKE, Inc.
Sirius XM Holdings Inc.
Novo Nordisk A/S
Eli Lilly and Company
FedEx Corp
VeriSign, Inc.
Lennar Corp
Berkshire Hathaway Inc.
OCCIDENTAL PETROLEUM
USA
Donald Trump
John Donahoe
Warren Buffett
Elliott Hill
John Williams
Jerome Powell
Show more
15:07 20.12.2024
dow jones attempts recovery as micron plunges and nvidia rebounds
United States Dollar
Vertex Pharmaceuticals Inc
Tesla, Inc.
NVIDIA Corporation
Lennar Corp
Micron Technology, Inc.
Darden Restaurants, Inc.
USA
Kimberley Koenig
Show more
16:34 19.12.2024
Dow Jones Gains on Strong GDP and Jobless Claims Amid Market Volatility
United States Dollar
Microsoft Corporation
Apple Inc.
Burlington Stores, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
Amazon.com, Inc.
Micron Technology, Inc.
BlackRock, Inc.
Tesla, Inc.
NVIDIA Corporation
Lennar Corp
Darden Restaurants, Inc.
The Walt Disney Co
USA
Scott Lehtonen
Jerome Powell
Show more
15:45 19.12.2024
stock futures rise as market seeks recovery from recent sell-off
United States Dollar
Microsoft Corporation
Amazon.com, Inc.
Broadcom Inc.
Micron Technology, Inc.
Accenture plc
Tesla, Inc.
NVIDIA Corporation
Meta Platforms, Inc.
Lennar Corp
Alphabet Inc.
Darden Restaurants, Inc.
USA
Kamala Harris
Elon Musk
Show more
14:21 19.12.2024
dow futures steady as traders await federal reserve interest rate decision
United States Dollar
Micron Technology, Inc.
Lennar Corp
General Mills, Inc.
USA
Jerome Powell
Ross Mayfield
Christopher Hayes
Show more
00:01 18.12.2024
dow jones faces longest losing streak since 1970s amid economic concerns
United States Dollar
Berkshire Hathaway Inc.
Pfizer Inc.
Heico Corp
Alphabet Inc.
Tesla, Inc.
Broadcom Inc.
Amazon.com, Inc.
Metagenomi, Inc.
FedEx Corp
Lennar Corp
NIKE, Inc.
Microsoft Corp
Apple Inc.
NVIDIA Corporation
USA
Warren Buffett
Dan Ives
Timothy Arcuri
Ming-chi Kuo
Donald Trump
Show more
18:30 17.12.2024
stock market update chip stocks retail sales and corporate earnings insights
Advanced Micro Devices, Inc.
Rockwell Medical, Inc.
Affirm Holdings, Inc.
Broadcom Inc.
Pfizer Inc.
Wells Fargo & Company
Darden Restaurants, Inc.
Lennar Corp
Block, Inc.
Constellation Brands, Inc.
Honeywell International Inc.
Barclays PLC
Brown-Forman Corp
PayPal Holdings, Inc.
NVIDIA Corporation
GE Aerospace
USA
MEX
Donald Trump
Show more
15:00 17.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Government Policies
Government Economic Policies
Financial Scams and Security
Domestic Politics
Supply Chain Management
Corporate Social Responsibility
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
UniCredit S.p.A.
Deutsche Bank Money Market PP
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Apple Inc.
The Goldman Sachs Group, Inc.
Commerzbank AG
CREDIT AGRICOLE
Lloyds Banking Group plc
Wells Fargo & Company
Credit Suisse Strategic Income I
Banco Santander, S.A.
Amazon.com, Inc.
SpaceXCoin USD
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Singapore Dollar
Canadian Dollar
Mexican Peso
Norwegian Krone
Indonesian Rupiah
Russian Ruble
Chilean Peso
United Arab Emirates Dirham
People: