US stock futures fell on Wednesday night after Meta Platforms reported its latest quarterly results, while traders also awaited the release of key economic data later this week. Futures tied to the Dow Jones fell 76 points or 0.2%, while S&P 500 futures slid 0.6% and Nasdaq 100 futures dropped …
Read More »Dow skyrockets to fresh record after Fed’s hints at 3-rate cuts
After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …
Read More »S&P 500 hits record high in late session rally
All three main indices finished Thursday’s trading day in the green territory, recovering from sharp losses earlier in the week. The S&P 500 closed at a new record high. As of now this year, the 500-stock benchmark has closed on 11 consecutive record highs.The Nasdaq Composite gained 0.30% to conclude …
Read More »S&P 500, Nasdaq leap on soaring tech earnings including Meta
The S&P 500 and Nasdaq rose on Friday due to strong tech earnings and a stronger-than-expected jobs report. The broad market index added 1.3%, while the Nasdaq Composite climbed 1.9%. Meta shares soared over 22% after defying analysts’ expectations. The company announced it will pay a quarterly dividend for the …
Read More »Dow stocks decline amid economic data ahead of FOMC decision
US stocks showed mixed performance on Tuesday, with the Dow Jones Industrial Average reversing higher in midday trades as investors awaited a slew of Big Tech earnings and a Fed rate decision. Financial stocks, including JPMorgan Chase, Visa, American Express, and Goldman Sachs, lifted the index. The S&P 500 also …
Read More »US stocks rally on shining earnings
Earlier in the session, the Nasdaq Composite had surged more than 1%; but, by the afternoon, gains had tapered off to roughly 0.5%. Not only did Netflix lead the way in strong profits, but other major tech companies like Microsoft and Meta also had increases in their stock prices.While the …
Read More »US Stocks add to seven-week gains as S&P 500 rises
Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …
Read More »US stocks impressively rally ahead of key earnings
Wall Street’s rally continued apace on Tuesday, with the Dow Jones Industrial Average rising to a 52-week high. Microsoft soared on news about its AI-powered Office tools and its AI alliance with Meta Platforms. META stock rose slightly, while AI chip leader Nvidia kept climbing. Financials continued to rally on …
Read More »Threads overtakes ChatGPT as the world’s fastest-growing app
New Meta app Threads dethrones OpenAI’s ChatGPT and becomes the world’s fastest growing app in terms of users. Since Threads launched less than a week ago, the Instagram-related app has seen huge growth in users, until it surpassed 100 million subscribers on Monday. Mark Zuckerberg, head of Meta, confirmed that …
Read More »After 30 million sign-ups, could Meta’s Threads be Twitter killer?
Meta launched its brand new app; Threads and reaped 30 million sign-ups as of Thursday morning. The app is available in 100 countries and over 30 languages via Apple’s iOS and Android. Threads is the latest platform launched in recent months to unseat Twitter as the go-to app for real-time, …
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