Daily Report 25.08.2022
Objavljeno: 25. 08. 2022

Stocks rise following three-day slide for Dow, S&P 500; European markets close slightly higher as global investors wait for Fed 
The S&P 500 rose Wednesday, attempting to recover from a three-day decline, as investors awaited more clarity on the Federal Reserve’s fight against inflation. 
The Dow Jones Industrial Average gained 41 points, or 0.13%. The S&P 500 climbed 0.25%, and the Nasdaq Composite advanced 0.54%. The Dow and the S&P 500 were higher after three straight sessions of declines. 
Peloton Interactive shares jumped 8% in premarket trading after the exercise equipment maker struck a deal to sell its products on Amazon. 
Peloton is looking to broaden its customer base as it deals with a loss of investor confidence. Shares of Peloton are down roughly 70% this year, and about 90% off its 52-week high. 
Intuit was the best-performing stock in the S&P 500, up 5.5%, following strong earnings results and upbeat guidance. CEO Sasan Goodarzi said in a statement that the company is “more confident than ever” in its long-term business strategy. 
Shares of SoFi popped more than 8% after President Joe Biden announced he will forgive $10,000 in federal student loans for most borrowers. The relief will be limited to individuals earning less than $125,000 per year. 


The pan-European Stoxx 600 index provisionally ended up 0.2%, with major bourses and sectors pointing in opposite directions. Household goods added 1.2% to lead gains, while mining stocks fell 1.8%. 
Swedish security business Securitas fell to the bottom of the Stoxx 600, down 6%, following the release of its financial results. 
Source: CNBC, Investing.com