Category: Latest News
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Tech Sell-Off Leads To Significant Weakness On Wall Street
Following the mixed performance seen during Thursday’s session, stocks showed a significant move to the downside during trading on Friday. The major averages all moved lower, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages ended the day off their worst levels of the session but still in negative territory. The Nasdaq…
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Canopy Growth (CGC) Stock Climbs on Reports of Federal Cannabis Rescheduling
Canopy Growth Corp. (NASDAQ:CGC) shares surged Friday morning following reports that President Donald Trump is preparing to ease federal restrictions on marijuana. What’s Driving the Move:The rally began after a Washington Post report indicated that Trump plans to direct federal agencies to reclassify marijuana as a Schedule III substance. This potential shift carries major financial…
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Jefferies highlights standout gold miners as the sector enters 2026 on strong footing
Gold producers are approaching 2026 with what Jefferies describes as one of the most supportive environments the group has seen in years. In its latest sector outlook, the firm reaffirmed its positive view on gold equities and unveiled an updated roster of preferred names. Analyst Fahad Tariq wrote in the preview, “We remain bullish on…
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Dow Jones, S&P 500 and Nasdaq Futures diverge as tech weakens and cyclical stocks gain momentum
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a mixed open on Friday, with the major averages likely to once again move in opposite directions. While the Nasdaq 100 futures are down by 0.5 percent, the Dow futures are up by 0.2 percent. A slump by shares of Broadcom (NASDAQ:AVGO) may weigh…
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Goolsbee speaks at Economic Outlook Symposium
Chicago Federal Reserve President Austan Goolsbee is scheduled to participate in a moderated conversation before the 39th Annual Economic Outlook Symposium at 10:35 am ET.
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Ed Yardeni reverses course, shifts to Underweight on the Magnificent 7
Ed Yardeni has pulled back from one of his signature long-held positions, lowering his stance on the Magnificent 7 to Underweight as he urges investors to rebalance both U.S. and international equity exposure heading into 2026. In his latest market commentary, Yardeni warns that mega-cap tech dominance has reached levels that create excessive concentration risk,…
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AI Infrastructure Surge Likely to Last Until 2027, Northland Says
Northland Capital Markets told clients on Tuesday that the current boom in AI infrastructure spending is far from over, anticipating another year and a half of strong momentum. Analyst Gus Richard wrote that the investment cycle “is in its 7th inning and will slow mid CY27,” noting that even with ongoing concerns about limits on…
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Oil Prices Rebound as Concerns Grow Over Venezuelan Supply Disruptions
Oil prices moved higher on Friday, recovering some of the losses suffered in the previous session, after reports suggested the United States may intensify efforts to intercept tankers transporting Venezuelan crude, raising fresh concerns about supply disruptions. By 04:40 ET (09:40 GMT), Brent crude futures for February delivery were up 0.2% at $61.40 a barrel,…
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Costco Beats Forecasts as Comparable Sales Rise 6.4%
Costco Wholesale Corp (NASDAQ:COST) reported stronger-than-expected earnings and revenue for its fiscal first quarter of 2026, although its shares edged 0.6% lower in U.S. premarket trading on Friday. Net income for the period climbed to $2.0 billion, equivalent to $4.50 per diluted share, surpassing analysts’ expectations of $4.28 per share. Revenue increased 8.3% year-on-year to…
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Lululemon Shares Surge After CEO Exit Announcement and Upgraded Outlook
Shares of Lululemon athletica (NASDAQ:LULU) climbed about 9% in U.S. premarket trading on Friday after the company announced that chief executive Calvin McDonald will step down, alongside an improvement to its full-year profit guidance. McDonald is expected to depart in January, bringing to an end his seven-year tenure leading the premium athleisure brand. No immediate…