Category: Market Summary
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U.S. Stocks Rally To Record Highs On Upbeat Nvidia Earnings
Stocks showed a substantial move to the upside during trading on Thursday, with the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reaching new record closing highs. The tech-heavy Nasdaq (NASDAQI:COMP) had also been poised to set a record closing high but ended the day just shy of its November 2021 levels. The major averages held…
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U.S. Futures Surge on Nvidia’s Stellar Performance, Global Markets Respond Positively
On Thursday, U.S. futures were on the rise, driven by significant gains from Nvidia (NASDAQ:NVDA) after market close, following the semiconductor giant’s announcement of surprisingly positive results and encouraging forecasts. At 05:08 AM, Dow Jones futures (DOWI:DJI) were up 73 points, or 0.19%. S&P 500 futures rose 1.14%, and Nasdaq-100 futures were up 2.01%. The…
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Nvidia Shatters Expectations: Reports Staggering 265% Yearly Revenue Surge and Breakthrough in Generative AI Demand
The semiconductor giant Nvidia (NASDAQ:NVDA) recently reported revenue of $22.1 billion for the 4th quarter ended January 2024, an increase of 22% from the previous quarter and 265% over the same period last year. For the quarter, diluted earnings per share were $4.93, up 33% from the previous quarter and 765% from the previous year.…
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Anxiety Ahead Of Fed Minutes, Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the losses posted in the two previous session. The downward momentum on Wall Street reflects lingering concerns about the outlook for interest rates ahead of the release of the minutes of the latest Federal Reserve…
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Key Market Movement: Nvidia Earnings Stir Market Excitement, Fed Minutes Awaited, and HSBC Faces Sharp Decline
Good morning. As the market buzzes with excitement for Nvidia’s earnings, the Federal Reserve is set to release its latest meeting minutes, and HSBC experiences a significant drop in shares. Here are the key market movements today. Spotlight on Nvidia Dubbed by Goldman Sachs’ trading desk as the “most critical stock on the globe,” Nvidia…
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S&P Futures Dip as Market Awaits Federal Reserve Meeting Minutes and Nvidia’s Quarterly Results
March S&P 500 E-Mini futures (ESH24) are showing a downward trend of -0.14% this morning as market participants await the release of the Federal Reserve’s January policy meeting minutes while also looking forward to the quarterly results from chip manufacturer Nvidia. On Tuesday’s trading session, major Wall Street indices closed in the red, with the…
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U.S. Stocks Move Mostly Lower Ahead Of Fed Minutes
Stocks moved mostly lower during trading on Tuesday, extending the pullback seen during last Friday’s session. The Nasdaq showed a notable move to the downside amid weakness among tech stocks. The major averages ended the day in negative territory but off their lows of the session. The Nasdaq (NASDAQI:COMP) slumped 144.87 points or 0.9 percent…
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Market Cautiousness Ahead of Retail Giants’ Earnings; Oil Prices Dip
U.S. index futures signal a lower start for Tuesday’s trading session, indicating investors’ cautious stance following the first week of negative results in over a month. The market is particularly attentive, eagerly anticipating quarterly earnings reports from retail giants such as Walmart (NYSE:WMT) and Home Depot (NYSE:HD). As of 05:06 AM, Dow Jones futures (DOWI:DJI)…
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Earning Releases: Nvidia, Walmart and Home Depot Are Expected To Beat Estimates
NVIDIA (NASDAQ:NVDA) NVIDIA is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth. The company’s guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40…
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U.S. Stocks Settle Lower As Traders Scale Back Rate Cut Bets After PPI Data
U.S. stocks settled lower on Friday as robust producer price inflation data raised concerns that Federal Reserve may not consider lowering interest rate anytime soon. The major averages all ended weak, with the downside of the tech-laden Nasdaq (NASDAQI:COMP) more pronounced. The Dow (DOWI:DJI), which briefly emerged into positive territory around mid afternoon, ended with…