AI Enthusiasm Boosts First-Half Market Performance
Category: Markets Total Views: 204By : Hannah Lewis Updated: 07-01-2024
Nasdaq Composite Hits Record High
Monday brought higher stocks; the Nasdaq Composite closed at a record. Setting a new closing high, the tech-heavy index progressed 0.83% to end at 17,879.30. This signifies the ongoing great momentum observed in the first half of 2024. Gains in key technology stocks drove the rise. Investors still see great possibilities for the tech industry. Developments in artificial intelligence and other futuristic technologies have stoked this hope. The way ... Read More
Banking Stocks Propel Dow as Semiconductor Shares Decline
Category: Markets Total Views: 489By : Owen Jenkins Updated: 07-01-2024
Banking Stocks Propel Dow, Semiconductor Shares Drag Nasdaq
Monday's Dow rose with banking stocks, while the S&P 500 banking index surged 1.3% to its highest in more than a month. JP Morgan Chase's all-time high for shares helps to explain the index's climb. As U.S. Treasury yields peaked in more than two weeks, this increase in banking stocks followed. Strong financial performance and positive economic data have investors hopeful about the banking industry. The in... Read More
Euro Gains on France's Election, Market Eyes Fed Decisions
Category: Markets Total Views: 79By : Caleb Price Updated: 07-01-2024
Euro Gains After France's Snap Election
Following the first round of France's snap election, which placed the far-right National Rally (RN) party in the lead, the euro appreciated Monday. While winning, Marine Le Pen's party received a lower percentage of the vote than some polls had predicted. Since President Emmanuel Macron announced the election on June 9, the euro had lost almost 0.8%, but it was now up 0.24% at $1.0737. It hit a more than week-high of $1.0749 earl... Read More
S&P 500 Ends Strong First Half Despite Friday Dip
Category: Markets Total Views: 207By : Editor Updated: 06-28-2024
S&P 500 Closes Lower, Ending Strong First Half of 2024
At 5,460.48, the S&P 500 ended Friday down 0.41%. Though the index fell, it had a great first half of 2024, rising 14.5%. Investors were pleased to see slowing inflation in the economic data released on Friday. Before retreating, the index had earlier in the session hit a new intraday high. Equally falling, the Nasdaq Composite closed at 17,732.60, down 0.71%. Settling at 39,118.86, the Dow Jones Industrial Average fel... Read More
Tech and Basic Resources Lead European Market Gains
Category: Markets Total Views: 157By : Editor Updated: 06-26-2024
Nvidia Rally Helps Stabilize Volatility in Tech Sector
The recent volatility in the technology industry was much reduced by Nvidia's Tuesday rally. There had been a tech-driven selloff in the industry, which worried investors. Strong performance from Nvidia gave investors hope that stability would return to tech stocks. Negative mood from the last trading sessions was somewhat reversed by this change. Later chipmakers did the same, which helped to create a more steady market. ... Read More