Category: Market Summary
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Nvidia Unveils Blackwell: The Next-Gen AI Architecture Powering the Future of Computing
Nvidia (NASDAQ:NVDA) unveiled its latest advancement in graphics processor architecture named Blackwell on Monday, marking a significant leap forward from its existing Hopper technology. This new development aims to enhance the performance and efficiency of artificial intelligence (AI) systems, such as OpenAI’s ChatGPT, cementing Nvidia’s role as a key player in the AI hardware market.…
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U.S. Stocks Give Back Ground After Early Rally But Close Mostly Higher
After showing a strong move to the upside early in the session, stocks gave back some ground over the course of the trading day on Monday but managed to close mostly higher. With the upward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) regained ground after closing lower for three straight sessions. While the…
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Anticipation Builds on Wall Street for Federal Reserve’s Upcoming Policy Moves; WTI and Brent See Upticks
In Monday’s pre-market trading, U.S. index futures are mixed, with Wall Street in anticipation of the monetary policy guidelines that the Federal Reserve is expected to release during the week. At 06:31 AM, the futures of the Dow Jones Industrial Average (DOWI:DJI) fell 15 points, or 0.04%. The S&P 500 futures advanced 0.37%, and the…
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Nasdaq, S&P 500 Close Lower For Third Straight Day As Fed Meeting Looms
With traders looking ahead to next week’s Federal Reserve meeting, stocks moved mostly lower over the course of the trading session on Friday. With the downward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) closed lower for the third straight day. The major averages finished the day off their worst levels but still firmly…
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Pre-Market Optimism as Investors Eye Weekly Gains; Dip in Crude Oil Prices
U.S. index futures are trading higher in pre-market on Friday, following a previous session that ended lower, as the market reassesses expectations for Federal Reserve interest rate cuts in light of recent inflation data. Investors await further economic indicators, maintaining optimism for a slightly positive weekly close in the major indexes. At 07:05 AM, the…
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U.S. Stocks Move Mostly Lower As Producer Price Inflation Exceeds Estimates
Stocks showed a lack of direction in early trading on Thursday but moved mostly lower over the course of the session. The major averages all moved to the downside on the day, although selling pressure remained somewhat subdued. The major averages climbed well off their worst levels going into the close but remained in negative…
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U.S. Stock Futures Rise Ahead Of PPI and Retail Sales; Oil Prices Climb
U.S. index futures are rising in Thursday’s pre-market, with investors awaiting producer inflation data and retail sales, which impact U.S. interest rate projections for the year. At 06:39 AM, Dow Jones futures (DOWI:DJI) rose 108 points, or 0.27%. S&P 500 futures advanced 0.32%, and Nasdaq-100 futures gained 0.46%. The yield on 10-year Treasury notes was…
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Nasdaq, S&P 500 Give Back Ground But Dow Closes Higher
Following the significant rebound seen during Tuesday’s session, stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages spent most of the day on opposite sides of the unchanged line before closing mixed. While the Dow (DOWI:DJI) inched up 37.83 points or 0.1 percent to 39,043.32, closing higher for the third…
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Mixed Futures Amidst Quiet Economic Schedule; Oil Prices Climb
U.S. index futures displayed varied behavior on Wednesday, following significant gains in the previous session that led the S&P 500 to close the day at a historic high, driven by consumer inflation data that met expectations. With a light economic schedule and the U.S. earnings season nearing its end, Dollar Tree (NASDAQ:DLTR) is scheduled to…
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U.S. Stock Rally Faces Scrutiny: Bull Run or Bubble Ahead?”
The relentless ascent of the U.S. stock market, notably exemplified by the benchmark S&P 500 index’s over 25% surge in the past five months, is sparking debates among market participants over its sustainability. This remarkable rally, marked by the index hitting 16 record highs just this year—a feat not seen in any first quarter since…