Key Tech Earnings to Shape Market's Near-Term Trajectory
Category: Markets Total Views: 469By : Thomas Cooper Updated: 07-27-2024
Anticipation Builds for Major Tech Earnings
Earnings reports from big tech companies are much awaited by investors, who might shape the direction of American stock markets. Next week Microsoft, Apple, Amazon, and Meta Platforms have to report their quarterly results. The tech industry has shown notable volatility; recent results from Alphabet and Tesla let down the market. This begs questions regarding whether other tech behemoths can satisfy great expectations. These firms' p... Read More
Canadian Stock Market Impacted by Wildfires and Earnings
Category: Markets Total Views: 579By : Dominic Sanders Updated: 07-26-2024
Canadian Stock Market Hits Two-Week Low Amid Earnings Disappointments
Disappointingly low earnings from some economically sensitive companies caused Canada's main stock index to drop on Thursday to a two-week low. At 22,608.03 the S&P/TSX composite index of the Toronto Stock Exchange dropped 31.54 points, or 0.1%. Since July 11, this represented its lowest closing level. Important causes of the downturn were declines in metal mining and industrial shares. Chief investment ... Read More
China's Slowdown Affects Commodities and Global Markets
Category: Markets Total Views: 583By : Caleb Price Updated: 07-26-2024
Tech Stocks Drive the 2024 Market Rally
Tech stocks have been especially helping the market surge in 2024. Leading the push are companies including Tesla, Alphabet, Microsoft, Meta Platforms, Amazon, and Apple. The market value of these companies taken together exceeds $9 trillion. Their share of the S&P 500 is five percent overall. Particularly driving this increase and producing a two-tier stock market is the artificial intelligence explosion. Most of the climb of the S&... Read More
Weak Summer Demand, China Slowdown Hit Oil Markets
Category: Markets Total Views: 391By : Thomas Cooper Updated: 07-24-2024
Oil Prices Edge Higher Amid Canadian Wildfires and Falling U.S. Crude Inventories
Though they stayed close to their six-week low, oil prices slightly rose on Wednesday. Prices started to rise following three consecutive sessions of drop. Falling U.S. crude inventories and supply concerns from Canadian wildfires were mostly responsible for this. September Brent crude futures climbed 66 cents to $81.67 a barrel. September U.S. West Texas Intermediate (WTI) crude rose by 78 cents to ... Read More
Tech Earnings Could Trigger Market Rotation and Volatility
Category: Markets Total Views: 409By : Caleb Price Updated: 07-23-2024
Investors Brace for Volatility Amid Political Uncertainty and Tech Earnings
Investors are getting ready for a volatile U.S. stock market. Principal worries are political uncertainty, big tech profits, and seasonal weakness. The S&P 500 has surged almost 17% this year thanks in great part to the buzz over artificial intelligence and declining inflation. Still, there has been a quiet period of trading accompanying this expansion. Investors expect this calm to be tested not too f... Read More