Stock Market Today: Dow Jones, S&P 500 Rebound Following Back To Back Losing Days (2024)

Stock Market Today Mid Morning Updates

U.S. stock futuresare trading higher early Wednesday morning. This comes on the heels of new economic data getting released on Wednesday morning. Additionally, investors await data from more notable names in the stock market on Wednesday. Such as Lucid Group(NASDAQ: LCID),Marathon Oil Corp.(NYSE: MRO),eBay, Inc.(NASDAQ: EBAY), and others.

The stock market on Wednesday morning broke back-to-back days of losses. This comes as investors react positively to earnings results fromModerna(NASDAQ: MRNA) andCVS Health(NYSE: CVS).

Among the Dow Jones leaders, shares ofApple(NASDAQ: AAPL) jumped by 2.16% on Wednesday, whileMicrosoft(NASDAQ: MSFT) is also up by 1.33%. Meanwhile,shares ofHome Depot(NYSE: HD), andNike(NYSE: NKE) shares are trading modestly higher on Wednesday. Among the Dow financial leaders, shares ofVisa(NYSE: V) andGoldman Sachs(NYSE: GS)are also trading higher during Wednesday morning’s trading session.

Shares of EV leaderTesla(NASDAQ: TSLA) are up Wednesday by 0.55%. Rival EV companies likeRivian(NASDAQ: RIVN) are also trading up by 0.23%.Lucid Group(NASDAQ: LCID) stock gained 0.48% on Wednesday. Chinese EV leaders likeNio(NYSE: NIO) andLi Auto Inc.(NASDAQ: LI) are both trading lower on Wednesday.

Dow Jones Today: U.S. Treasury Yield At 2.80%; Key Economic Data Reported

Following thestock marketopening on Wednesday, the major indices opened higher. The Dow, S&P 500, and Nasdaq are trading higher at 0.53%, 0.72%, and 1.36%, respectively. Among exchange-traded funds, the Nasdaq 100 trackerInvesco QQQ Trust(NASDAQ: QQQ) has rallied by 1.43% while theSPDR S&P 500 ETF(NYSEARCA: SPY) is up by 0.72%.The benchmark 10-year U.S. Treasury yield is at 2.80% during Wednesday’s early morning trading session.

Moving on, The major averages moved higher on Wednesday following the release of stronger-than-expected U.S. services data. In detail, The ISM non-manufacturing purchasing managers index reported an unexpected recovery in July. Specifically, the reports came in at 56.7, which is higher than 55.3 in June. Consensus estimates were 54. Also, factor orders in June were stronger than expected, increasing by 2%. For context, economists were expecting estimates of a 1.2% increase.

Moderna Stock (MRNA) Rallies On Earnings Beat

Next, shares of biotech company Moderna (MRNA) are rallying higher on Wednesday. MRNA stock is up over 16% early Wednesday morning at $187.02 per share. This rally comes after the company reported a beat for its second quarter 2022 fiscal earnings. In the report, Moderna posted earnings of $5.24 per share on revenue of $4.7 billion. This is compared with, wall street’s consensus earnings estimate of $4.50 per share on revenue of $4.2 billion.

“Today’s earnings represent a strong second quarter performance, with $10.8 billion in revenue for the first half of the year. We continue to have advance purchase agreements for expected delivery in 2022 of around $21 billion of sales. Given our strong financial position and commercial momentum, we are announcing today that the Board of Directors has approved a new share repurchase program for $3 billion,” stated Stéphane Bancel, Chief Executive Officer of Moderna.

Stock Market Today: Dow Jones, S&P 500 Rebound Following Back To Back Losing Days (1)

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CVS Stock (CVS) Jumps On Stronger-Than-Expected Earnings

Next up, let’s take a look at CVS Health (CVS). The company reported its second quarter 2022 earnings on Wednesday morning. In it, CVS reported earnings of $2.40 per share on revenue of $80.6 billion. Wall street’s earnings estimate were $2.16 per share on revenue of $76.4 billion. This means CVS reported better-than-expected earnings. As a result shares of CVS stock are rallying on Wednesday morning by more than 4% at $99.72 per share.

Also, the company provided guidance for its full-year 2022 earnings. In detail, it anticipates full-year 2022 earnings of $8.40 to $8.60 per share. The company’s previous guidance was earnings of $8.20 to $8.40 per share. Meanwhile, analysts’ current consensus earnings estimate is $8.34 per share for the year.

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Stock Market Today: Dow Jones, S&P 500 Rebound Following Back To Back Losing Days (2024)

FAQs

Has the stock market ever lost money over a 5 year period? ›

As you increase the time period length, the fraction of losing periods drops to about 1 in 8 for 5 years, 1 in 20 for 10 years, and none at all for rolling 20-year periods.

How much did the stock market drop in 2000? ›

On April 14, 2000 the index fell by nearly 10 percent, its second-biggest single-day decline ever at the time. By the time the market bottomed in October 2002, the Nasdaq had lost nearly 80 percent of its value. It was a unique environment because not all stocks were crashing.

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What happens to the stock market in the spring of 2000? ›

On March 7, 2000, share prices began to drop. They quickly went down, then up, and then down again. In five weeks in March and April, the NASDAQ lost a total of 37 percent of its value. Never before had such a major index dropped so rapidly after a historic high.

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Is it possible to lose all your money in the stock market? ›

A drop in price to zero means the investor loses his or her entire investment: a return of -100%. To summarize, yes, a stock can lose its entire value. However, depending on the investor's position, the drop to worthlessness can be either good (short positions) or bad (long positions).

Will the stock market recover in 2024? ›

Anthony Denier, CEO of the trading platform Webull, says he believes the stock market will ultimately post a positive return in 2024 as investors anticipate interest rate cuts by the Fed. However, he adds, we probably won't see as big of a rally as we did in 2023.

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How many dollars disappear on the day of the stock market crash? ›

Around $14 billion of stock value was lost, wiping out thousands of investors. The panic selling reached its peak with some stocks having no buyers at any price. The Dow lost an additional 30.57 points, or 11.73%, for a total drop of 68.90 points, or 23.05% in two days. On October 29, William C.

Has the S&P 500 ever lost money? ›

In 2002, the fallout from frenzied investments in internet technology companies and the subsequent implosion of the dot-com bubble caused the S&P 500 to drop 23.4%. And in 2008, the collapse of the U.S. housing market and the subsequent global financial crisis caused the S&P 500 to fall 38.5%.

Read On ›

Why is the market crashing? ›

A stock market collapse typically occurs when the economy is overheated, inflation is rising, market speculation is rampant, and there is significant uncertainty about the path of an economy.

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What was the worst 20 year return in the stock market? ›

The worst 20 year return was a gain of less than 2% ending in 1949. This makes sense when you consider that period included the Great Depression and World War II. One of the neat things about the distribution of returns over 20 years is almost 90% of the time annual returns were 7% or higher.

What happens to your money when stock market crashes? ›

Do I lose all my money if the stock market crashes? While your stock holdings will likely take a hit in value during a stock market crash, most stocks generally retain a portion of their value. Each crash is a bit different, and the impact on various stocks and market sectors can vary widely.

Has the stock market ever been down over a 10 year period? ›

Contents. Today's Chart of the Day from Cambria shows the rolling 10-year US stock return going back 108 years to 1914. There are two general periods where stocks realized a negative return over a 10-year span: one during the Great Depression in the 1930s and the other during the Great Recession in 2008.

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What is the average return on stocks over 5 years? ›

5-year, 10-year, 20-year and 30-year S&P 500 returns

Period (start-of-year to end-of-2023)	Average annual S&P 500 return
5 years (2019-2023)	15.36%
10 years (2014-2023)	11.02%
15 years (2009-2023)	12.63%
20 years (2004-2023)	9.00%

2 more rows

May 3, 2024

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How many years did it take the stock market to recover after 2008? ›

The bounce-back from the 2008 crash took five and a half years, but an additional half year to regain your purchasing power.

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How many years has the stock market had a negative return? ›

The S&P 500 had 25 negative years between 1928 to 2021, meaning that 27% of the time, the market experienced a down year, while 73% of the time the market had positive returns. Of the 25 negative years, 11 of those were double-digit losses as seen in the chart below.

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