Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …
Read More »Dow Jones closes rallying week with a fresh record
The S&P 500 surged just above the flatline, notching a new closing high, while the Dow Jones increased 0.2%, or about 60 points, claiming a fresh record of its own. The Nasdaq Composite headed in the opposite direction, finishing down 0.3% after a blockbuster week.Investors appeared to catch their breath …
Read More »Nasdaq boosted following Nvidia’s earnings
As Nvidia’s stock surged to an all-time high, the S&P 500 approached a new high and global stock rallies gained momentum.The chip manufacturer, propelled by the surge in demand for AI systems, announced another quarter of record-breaking performance. During afternoon trade, Nvidia’s shares increased by 15%. As a result, the …
Read More »Us stocks enjoy late session rebound after Nvidia’s results
US stocks were able to erase previous losses ahead of Nvidia Corp.’s quarterly numbers, as investors eagerly awaited the firm’s ability to match the high expectations surrounding artificial-intelligence technology. Nvidia has been the poster child of AI enthusiasm, making semiconductor chips that power generative AI and demand for those chips …
Read More »S&P 500, Nasdaq decline as Nvidia leads tech retreat
On Tuesday, stocks experienced a decline as Nvidia led a broader tech decline ahead of the chipmaker’s earnings report. The Dow Jones Industrial Average dipped 107 points, or less than 0.9%, while the S&P 500 slipped 0.8%. The tech-heavy Nasdaq Composite lost 1.4%. Shares of Nvidia fell about 6%, and …
Read More »US stocks gain traction after flat opening
The Energy Sector is the best-performing major sector in the S&P 500 so far on Monday, rising 0.8% on the day. On the other hand, the Health Care Sector is down 0.3%. Diamondback Energy Inx. (FANG) is up more than 10% as the top gainer in the first half of …
Read More »S&P 500 sets a new record high as Tech stocks lead Nasdaq’s rally
The S&P 500 opened at a new all-time high above 5,000, with the Technology Sector being the best-performing major sector. The S&P 500 index rose 0.33% to trade at 5,014.3, while the Dow Jones decreased 0.18% to 38,657.35. The Nasdaq gained 0.95% to trade at 15,944. Applied Materials Inc is …
Read More »S&P 500 briefly hits 5,000 for the first time
The S&P 500 briefly topped the 5,000 milestone for the first time ever, with the broad-based index finishing slightly higher at 4,997.91. The Dow Jones Industrial Average rose 48.97 points, or 0.13%, to end at 38,726.33, while the Nasdaq Composite gained 0.24% to close at 15,793.71. Strong earnings and a …
Read More »Explainer: Why have commodities largely fluctuated in January?
In January 2024, financial markets were active and turbulent, with investors initially rejoicing as inflation fell and sectors such as semiconductors saw big gains. However, a hawkish central bank and geopolitical concerns tempered confidence, while dropping oil prices and stricter investment conditions put adverse pressure on investors.Financial markets continued its …
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 …
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