Financial Sector Outperforms Despite Tech Declines
Category: Markets Total Views: 210By : Owen Jenkins Updated: 07-30-2024
Nasdaq Drops 1% Amid Chip and Megacap Share Decline
Loss in chip and megacap stocks drove Tuesday's 1% drop in the Nasdaq. Before important results from big technology companies, investors were wary. With a 5% drop, Nvidia led the fall that profoundly affected the semiconductor industry. Other tech behemoths including Apple, Amazon, and Tesla likewise saw declining shares. This cautious attitude resulted from worries about the longevity of recent increases in several high-grow... Read More
Market Volatility Ahead of Fed Meeting and Jobs Data
Category: Markets Total Views: 135By : Logan Wright Updated: 07-28-2024
Upcoming Earnings Reports from Tech Giants
The earnings reports from some of the most well-known tech companies—including Microsoft, Apple, Amazon, and Meta Platforms—are much awaited by investors. These studies are vital since they might either calm the market or cause more volatility. A rally in tech stocks stalled in the second half of July, which caused a notable selloff following Tesla and Alphabet's underperformance. The results this week will be a litmus tes... Read More
Key Tech Earnings to Shape Market's Near-Term Trajectory
Category: Markets Total Views: 140By : 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: 180By : 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: 104By : 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