Tag Archives: S&P 500

The S&P 500 climbed to a fresh record on Wednesday, breaking above 5,600 for the first time due to a sharp rise in semiconductor stocks. The broad market index jumped 1.02%, closing at 5,633.91 and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an …

The stock market’s impressive July debut is carrying over the energy from 2024’s promising first half. Although strong earnings are anticipated for the upcoming quarter, several analysts believe notable growth predictions for the remainder of the year are unrealistic. This could signal a postponement of the probable decline in the …

The S&P 500 and Nasdaq Composite experienced a drop in volume on Thursday, with the broad market index falling 0.3% after briefly reaching the 5,500 level. Nvidia that temporarily unseated Microsoft as the most valuable public company, declined 3.4% after rising earlier in the session. Shares have climbed more than …

Bitcoin bulls’ hopes have been dashed once again as liquidity grabs erase the latest BTC price recovery. Bitcoin/USD was hitting $66,455 before the Wall Street open, but a slow grind beyond $66,000 evaporated before an abrupt about turn sent the pair a full $2,000 lower. Observers put the blame firmly …

The Dow Jones Industrial Average soared above 40,000 for the first time ever, marking the beginning of a bull market that began in October 2022. The index had reached the 40,000 mark earlier this year, but a slight April pullback due to high interest rates knocked it back down. The …

Uber’s forecast for second-quarter gross bookings fell short of expectations on Wednesday, causing its shares to plummet nearly 10% before the opening bell. The shortfall in this key metric, which indicates the total revenue earned on the Uber platform, suggests weakened demand for its ride-share and food delivery services. Despite …

On Friday, the stock market rallied, continuing its upward trajectory for a third week. Despite a weaker-than-expected jobs data for April that heightened investor expectations for a rate decrease by the Federal Reserve later this year, this bullish feeling persisted.What is driving the US stock market?Wall Street is generally cheering …

The US economy is expected to have maintained solid growth in the first quarter of the year, albeit at a slightly slower pace, while inflation likely picked up speed. This reinforces market expectations that the Federal Reserve will postpone interest rate cuts until September. The Commerce Department’s report on first-quarter …

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 …

Earnings season began on Wall Street with a puzzle. Despite the fact that major banks like JPMorgan Chase and Wells Fargo had higher-than-expected profits, the market as a whole and their equities both fell on Friday. Investors appear uneasy due to JPMorgan’s cautious outlook for the remainder of the year …