Small-Cap Stocks and Dow Outperform Amid Market Rebound
Category: Stocks Total Views: 23By : Addison Perry Updated: 07-25-2024
Wall Street Indexes Rebound on Strong GDP Data
Thursday's main indexes on Wall Street climbed in response to better than expected GDP data. While the Dow and small-cap stocks lagged, the Nasdaq and S&P corrected early losses. After the tech mauling of the last session, this rise brought relief. On route to recoup Wednesday's losses, the Russell 2000 jumped 2%. Investors questioned whether the recent turn to underperformance made sense. Most megacap stocks were set to p... Read More
Magnificent Seven Stocks Hit Hard by Earnings Reports
Category: Stocks Total Views: 33By : Lucas Young Updated: 07-25-2024
Tech Giants' Earnings Disappoint, Sparking Market Selloff
Significant market selloff was started by Tesla and Alphabet's latest earnings releases. Investors worried about Tesla's lowest quarterly profit margin in five years. Anxiety about growing AI infrastructure costs and YouTube competition eclipsed Alphabet's better-than-expected earnings. With a tech-heavy Nasdaq Composite falling 3.6%, its worst day since October 2022. The S&P 500 likewise slumped 2.3%. T... Read More
SK Hynix Reports Record Profit Driven by AI Chip Demand
Category: Stocks Total Views: 13By : Evelyn Baker Updated: 07-25-2024
SK Hynix Reports Highest Quarterly Profit Since 2018
SK Hynix declared its highest quarterly profit since 2018. For the quarter April–June, the company declared an operating profit of 5.47 trillion won. From the loss of 2.9 trillion won a year before, this is a notable increase. The profit lines up with LSEG SmartEstimate's projections. Analyzes projected a good performance from SK Hynix. Three straight profitable quarters have come from the company. This represents a no... Read More
June New Home Sales Drop Despite Easing Mortgage Rates
Category: Real Estate Total Views: 13By : Owen Jenkins Updated: 07-25-2024
New Home Sales Drop to Seven-Month Low in June
June's sales of newly built single-family homes dropped to a seven-month low. With a 0.6% drop noted by the Census Bureau of the Commerce Department, the seasonally adjusted annual rate comes to 617,000 units. Since November, this represents the lowest level. May's sales pace, on the other hand, was raised from the earlier stated 619,000 units to 621,000 units. This surprising decline in June sales is unambiguous evidence that... Read More
Lineage Raises $4.45B in Historic IPO, Valued at $18B
Category: Stocks Total Views: 12By : Logan Wright Updated: 07-25-2024
Lineage Achieves Historic IPO with $4.45 Billion Raise
With its U.S. initial public offering, Lineage, the biggest cold-storage warehouse operator in the world, raised $4.45 billion. This is the largest worldwide stock market debut of this year. Pricing almost 57 million shares at $78 apiece comprised the IPO. At the top of its stated range, $70 to $82, this price was The company first intended to offer 47 million shares. Still, great demand resulted in the sale of extra shares. T... Read More