Wall Street Futures Hold Steady Before Key Economic Events
Category: Markets Total Views: 41By : Hannah Lewis Updated: 07-08-2024
Wall Street Futures Steady Ahead of Busy Economic Week
Monday's Wall Street futures stayed the same while investors got ready for a big week ahead. Important economic events that could affect market mood will abound in the next days. The possible September rate cut by the Federal Reserve especially interests investors. The most recent employment data has strengthened the conviction that a rate reduction could be just around here. Futures show a 77% probability of this shift ri... Read More
Exxon Mobil Projects Q2 Earnings Boost from Higher Oil Prices
Category: Markets Total Views: 45By : Addison Perry Updated: 07-08-2024
Exxon Mobil Expects Boost in Q2 Earnings from Oil Prices
Exxon Mobil expects changes in oil prices to significantly increase its second-quarter earnings. Comparatively to the first quarter, the company expects an increase in its upstream earnings between $300 million and $700 million. The expected increase in income can mostly be ascribed to the higher oil prices seen lately. Rising demand and worldwide market patterns help to explain the surge in oil prices. Exxon Mobil can profi... Read More
Mixed Performance in Asia After Inflation Data Release
Category: Markets Total Views: 4By : Dylan Bailey Updated: 07-02-2024
Nasdaq Composite Reaches New Record with Tech Stock Surge
Gains in big tech stocks helped the Nasdaq Composite hit a new record. Leading forces behind the 0.83% increase in the index—ending at 17,879.3—were Microsoft, Apple, and Nvidia. This milestone reflects the great investor confidence in technology companies, which still show great performance and future growth possibilities. A major contributing factor to Nasdaq's continuous rise is the tech industry's re... Read More
AI Enthusiasm Boosts First-Half Market Performance
Category: Markets Total Views: 5By : 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: 12By : 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