S&P 500 and Nasdaq Hit Fifth Consecutive Record Highs
Category: Markets Total Views: 97By : Logan Wright Updated: 07-10-2024
Fifth Consecutive Intraday Records for S&P 500 and Nasdaq
For the fifth day in running, the S&P 500 and Nasdaq set intraday records. For first time, the S&P 500 exceeded 5,600. This run emphasizes the excellent performance of important sectors. Expectations of a September interest-rate reduction have helped investor mood. Recent remarks by Federal Reserve Chair Jerome Powell have stoked these hopes. Participants in the market are hopeful about steady increase. The cons... Read More
U.S. Crude Oil Sees Fourth Weekly Gain Despite Drop
Category: Markets Total Views: 94By : Caleb Price Updated: 07-08-2024
U.S. Crude Oil Prices Drop Amid Hurricane Beryl Concerns
Monday's U.S. crude oil futures dropped almost 1% as traders tracked Hurricane Beryl's influence. The storm touched Gulf Coast production, refining, and export facilities. On Friday, crude prices closed down but showed a fourth straight weekly increase. Recently the benchmark reached a two-month high of $84.52 per barrel. These prices were taken advantage of by traders, which slightly dropped the market. U.S. oil has... Read More
Wall Street Futures Hold Steady Before Key Economic Events
Category: Markets Total Views: 122By : 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: 91By : 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: 114By : 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