Author: Fernanda T
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University of Michigan’s Consumer Sentiment and Fed AI Speech Highlight Key Events Today
The University of Michigan is scheduled to release its revised reading on consumer sentiment in the month of November at 10 am ET. The consumer sentiment index for November is expected to be upward revised to 73.7 from the preliminary reading of 73.0, which was up from 70.5 in October. At 6:15 pm ET, Federal…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the upward move seen over the course of the previous session. Traders may take a breather following the volatility seen over the past few sessions, which has seen the major…
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U.S. Jobless Claims Drop Unexpectedly; Fed Updates Awaited
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous week’s revised level of 219,000. Economists had expected jobless claims to inch up…
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Nvidia Earnings and Futures Point to Higher Open Amid Market Recovery
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen late in the previous session. Nvidia (NASDAQ:NVDA) may help lead the markets higher, as the AI darling has turned higher over the course of pre-market trading is currently jumping by 1.5 percent.…
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U.S. Index Futures Rise, Oil Prices Decline
U.S. index futures rose in Monday’s pre-market, extending last week’s gains fueled by Trump’s victory and the Federal Reserve’s interest rate cut. The U.S. bond market will be closed today due to the national Veterans Day holiday. Although it’s a federal holiday, U.S. stock exchanges will operate as usual. In the commodities market, West Texas…
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Tesla Rises 5% Pre-Market After Surpassing $1T Market Value; U.S. Bans TSMC From Selling Advanced Chips to China
Tesla (NASDAQ:TSLA) – On Friday, Tesla’s market capitalization surpassed $1 trillion following Donald Trump’s election, anticipated to support CEO Elon Musk’s business ventures, as he was a campaign supporter. Tesla closed last week with a 29% cumulative gain, with shares rising 5.2% pre-market after an 8.2% gain on Friday. Taiwan Semiconductor Manufacturing Co (NYSE:TSM) –…
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Bitcoin Trades at All-Time High; Impact of Trump Victory, ETF Inflows, and New Blockchain Advances
Bitcoin ETFs see large inflows following Trump victory and record high Bitcoin (COIN:BTCUSD) rose by 1.35% over the last 24 hours, reaching $76,665.65, surpassing its previous record following Donald Trump’s election win. Investors are now eyeing a potential 25-basis-point rate cut by the Fed, with traders seeing a high probability of the reference rate falling…
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U.S. Futures Rise as Investors Await Fed Rate Decision; Oil Prices Drop
U.S. index futures rose in Thursday’s pre-market session following Donald Trump’s victory, which sent the Dow Jones up over 1,500 points yesterday. Investors are watching for the Federal Reserve’s interest rate decision, with CME Group’s Fed Watch tool showing a 100% probability of a rate cut. Corporate earnings, jobless claims data, and wholesale inventories will…
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Qualcomm Exceeds Expectations, Rises 8%; Wolfspeed Drops 25% on Negative Margin; Lyft and AppLovin Surge Over 20%
Qualcomm (NASDAQ:QCOM) – The semiconductor company exceeded expectations with an adjusted EPS of $2.69, against the expected $2.56, and revenue of $10.24 billion, above the expected $9.90 billion. Net income increased to $2.92 billion, with automotive growing 86% and device chips by 12%. The company projects revenue between $10.5 billion and $11.3 billion for the…
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Trump’s Triumph Propels Bitcoin and Stocks to Record Highs Amid Market Frenzy – Latest in Crypto
Trump victory propels US stock market and Bitcoin to new highs Donald Trump’s victory spurred a significant surge in US stocks, with the Dow Jones up 1,429 points at the time of writing and the S&P 500 projected to increase 15% by 2025, according to UBS’s Solita Marcelli. Investors are betting on less regulation and…