S&P 500 Gains Amid Mixed Market, Dow Ends Winning Streak
Category: Markets Total Views: 88By : Editor Updated: 06-25-2024
Nasdaq Climbs 1.3% Led by Big Tech
Tuesday's 1.3% gain was notable for the Nasdaq Composite. Mainly, this increase was fueled by excellent results from big IT firms. Notable contributors were Nvidia and Alphabet, the latter of which set a record. Especially those in the artificial intelligence space, investors displayed a renewed confidence in tech stocks. This momentum helped the tech-heavy index outpace other significant U.S. stock indices. The power of the IT industry offer... Read More
Latest Stock Market Trends: Bullish Tech, Auto, and Defense
Category: Markets Total Views: 173By : Editor Updated: 06-25-2024
General Market Sentiment: Bullish Trends
With significant indices like the NASDAQ and S&P 500 exhibiting rising trends, the market has been generally bullish. Strong corporate earnings and encouraging economic data are the main causes of the high investor trust. The general good mood is being aided by the expansion of many sectors. The bullish tendency is a reflection of hope for corporate profitability and the economic recovery. The market is still strong in spite of certain ... Read More
Nasdaq Hits Worst Day Since April Amid Tech Stock Selloff
Category: Markets Total Views: 185By : Editor Updated: 06-24-2024
Nasdaq Composite Experiences Worst Day Since April
Closing down 1.09%, the Nasdaq Composite had its worst day since April. Investors' departure from favored technology stocks caused the fall. A big change in market mood was signaled by this selloff. Among the worst hit stocks were those in semiconductors and artificial intelligence. Nvidia fell by about 7% on top of the 4% drop from the previous week. Qualcomm lost 5% and Super Micro Devices fell 8.7%. More than 4% fell off Br... Read More
Stock Futures Steady as June Ends Near Record Highs
Category: Markets Total Views: 55By : Editor Updated: 06-23-2024
Market Overview as June Comes to a Close
Stock futures show a steady market as June draws to an end, mostly unchanged. With the market trading at or close to record highs, investors are getting ready for the final week of the month. Futures stability indicates traders are taking a cautious approach as they wait for more earnings reports and economic data. How well the market can sustain its upward trend will depend heavily on this week.
There have been notable increases ... Read More
Key Market Indicators and Earnings Reports This Week
Category: Markets Total Views: 51By : Editor Updated: 06-23-2024
Key Economic Indicators to Watch This Week
Investor attention is this week on important economic data that could indicate shifts in market trends. Importantly, the May Personal Consumption Expenditures (PCE) index will be released. Investors are keen to see if inflationary pressures are abating. Relative to the Fed's 2% target, the April PCE index increased 2.7% year over year. Third revisions of the first-quarter GDP will also be released; earlier revisions indicated a declin... Read More