Target Corporation climbed on Wednesday after seeing a brief decline following the Q1’s earnings report, as analysts noted that the results were better than pessimistic projections had suggested.Target’s sales declined in the most recent quarter as consumers ceased routinely splurging on trendy clothing, home goods, and other things that account …
Read More »Wall Street’s big tech is back on Wednesday
On Wednesday, Wall Street’s Big Tech will return.As investors continue to employ the strategies that have been successful for them over the previous ten years, the tech sector continues to be the primary driver of the major US stock indices. Investors are still primarily focused on discussions regarding lifting the …
Read More »The Japanese economy grew 1.6% year on year in the first quarter
Government data showed that the Japanese economy grew by 1.6% on an annual basis in the first quarter of the year, as strong private consumption and an unexpected increase in capital spending offset the decline in external demand. The GDP figures for the first quarter far exceeded economists’ median estimate …
Read More »Japan’s Nikkei closed above 30,000 points for the first time in 20 months
On Wednesday, Japan’s Nikkei index closed above 30,000 points for the first time since September 2021, supported by a weaker yen and a strong domestic earnings season. The Nikkei index ended Wednesday’s trading up 0.84 percent at 30,093.59 points, after hitting a high of 30,115.32 points in the afternoon session. …
Read More »Stocks mixed amid debt-ceiling talks, retail sales data
Wall Street is watching for signs of movement in the debt-ceiling impasse, with a meeting between President Joe Biden and House Speaker Kevin McCarthy set for Tuesday afternoon in Washington.US stocks were mixed during midday trading on Tuesday as investors digested fresh economic data and focused on negotiations over the …
Read More »Japan’s Topix closes at a 33-year peak and chip stocks follow Nasdaq’s gains
The Japanese Topix index closed at the highest level in 33 years on Tuesday, after companies showed strong expectations during the results season, and stocks of companies related to chip manufacturing tracked the gains made by the Nasdaq index at the close of trading on Monday. The broader Topix index …
Read More »Asian stocks dip ahead of Chinese data
Most Asian stock markets fell on Monday as investors braced for a spate of Chinese economic data, as well as monetary policy indications from a crop of Federal Reserve speakers later in the week. China’s Shanghai Composite index was the worst performer on the day, down 1.1% as local industrial, …
Read More »Trend of the week: Poor corporate results, US regional banks concerns
Even though US inflation has slowed and there are signs that the cycle of monetary tightening may be coming to an end, this week’s trend was negatively impacted by a bunch of weak corporate earnings and ongoing worries about US regional banks. Although the sessions have been tumultuous, the major …
Read More »Dow futures rise 145 pts
US equities are expected to begin higher Friday on rising hope that the Federal Reserve would stop its monetary tightening drive, however concerns about a future recession, as well as the debt ceiling and the banking sector, persist. The Dow Futures contract was up 145 points, or 0.4%, at 11:00 …
Read More »Wall Street is grappling with losses related to earnings
U.S. stocks dropped Thursday after disappointing earnings of Disney as well as a plunge in shares of regional banks and the threat of a U.S. debt default. Concerns of bank failure popped up again partially because of debt ceiling potential risk as well as liquidity issues regional banks recently show. …
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