Uber Technologies (NYSE:UBER) shares fell 6% premarket on Wednesday after reporting a lower-than-expected Q4 profit, with rising costs and a weaker Q1 bookings forecast overshadowing its revenue beat. Q4 Earnings Highlights Revenue: $11.96 billion (beat expectations of $11.77 billion) Adjusted EPS: $0.23 (missed estimates of $0.50) Gross Bookings: $44.2 billion …
Read More »US Stock Futures Fall as Alphabet Earnings Disappoint and Trade Tensions Rise
US stock index futures declined on Wednesday, dragged down by weak earnings from Alphabet and renewed US-China trade tensions. Stock Futures Performance (06:00 ET / 11:00 GMT) Dow Jones Futures: ↓ 80 points (-0.2%) S&P 500 Futures: ↓ 30 points (-0.5%) Nasdaq 100 Futures: ↓ 195 points (-0.9%) On Tuesday, …
Read More »Apple Faces Antitrust Scrutiny in China Amid Trade Tensions
Apple Inc. (NASDAQ: AAPL) is under review by China’s antitrust watchdog, the State Administration for Market Regulation (SAMR), over its App Store policies and developer fees, according to a Bloomberg report on Wednesday. Key Focus of the Review Regulators are examining Apple’s 30% commission on in-app purchases and its ban …
Read More »Dow Jones Midrange Stability and Tariff Developments
Dow Jones PerformanceThe Dow Jones Industrial Average (DJIA) is comfortably hovering around the 44,450 mark on Tuesday. Despite persistent trade tensions with China, the market has adjusted to the expected tariff breaks.Trade Tensions and Tariff SuspensionPresident Donald Trump has once again delayed nearly all of his recent trade war tariffs, …
Read More »Market Drivers; US Session
The US dollar weakened further on Tuesday as markets reacted to US tariff announcements and potential Chinese retaliation. Here’s a market overview for Wednesday, February 5th:US Dollar Index (DXY): The dollar index remained above 108.00 due to tariff concerns and rising US yields, failing to mount a recovery. Key US …
Read More »Semiconductor Stocks Decline Amid Trade War Fears
Semiconductor stocks tumbled on Monday as President Donald Trump’s tariffs on Mexico, Canada, and China intensified trade tensions, sparking investor uncertainty. Key Market Moves Nvidia (NVDA): Down 2% AMD (AMD): Down 1.6% Broadcom (AVGO): Down 2% Qualcomm (QCOM): Down 1.9% Texas Instruments (TXN): Down 1.4% Intel (INTC): Down 1.4% TSMC: …
Read More »Weekly market recap: Was the greenback the biggest gainer last week?
US Dollar ended last week higher buoyed several market drivers, including concerns of Trump’s administration tariffs, Federal Reserve Bank rate decision and its chief Jerome Powell’s statements, and US data of inflation and spending. Such market drivers were impactful om the greenback and all other traded assets in global financial …
Read More »Exxon Mobil Surpasses Earnings Estimates but Falls Short on Revenue
Exxon Mobil Corporation (NYSE: XOM) reported strong fourth-quarter earnings that beat analyst expectations, though revenue came in lower than projected. Despite this, the company’s stock rose 0.9% following the announcement. Key Financial Highlights – Q4 2024: Earnings: $7.6 billion ($1.72 per share) Adjusted Earnings (Excluding Identified Items): $1.67 per share …
Read More »Dow’s Bullish Momentum Persists Amidst Tech Uncertainties
The Dow Jones Industrial Average (DJIA) navigated a week of conflicting signals, ultimately maintaining a bullish bias near record highs. While the index hovered around 44,800, absorbing a wave of corporate earnings and economic data, the prevailing narrative reveals a market wrestling with both promising opportunities and looming uncertainties, especially …
Read More »The Fed Pauses, Nvidia Slumps: US Stock Market Faces Pressures
The S&P 500 retreated on Wednesday following the Federal Reserve’s decision to maintain interest rates. Nvidia shares continued their downward spiral amid growing scrutiny over its AI technology. This confluence of events underscores the delicate balance facing markets: navigating inflationary pressures, grappling with the evolving landscape of AI, and contending …
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