Category: Market Summary

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside following the rally seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (NASDAQ:META). Shares of Meta are surging by 8.8 percent…

After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Wednesday. The major averages all moved to the upside after ending Tuesday’s trading mixed, with the tech-heavy Nasdaq posting a particularly strong gain. The Nasdaq soared 451.98 points or 2.6 percent to 17,599.40, more…

Advanced Micro Devices (NASDAQ:AMD) – The semiconductor and processor company reported adjusted second-quarter earnings of 69 cents per share and $5.84 billion in revenue, beating the 68 cents and $5.72 billion forecasts, respectively. AI chip revenue exceeded $1 billion in the second quarter. AMD raised its AI chip sales forecast to $4.5 billion in 2024,…

After ending yesterday’s choppy trading session narrowly mixed, the major U.S. stock indexes moved in more starkly opposite directions during trading on Tuesday. While the tech-heavy Nasdaq moved sharply lower, the Dow ended the day firmly positive. The Nasdaq tumbled 222.78 points or 1.3 percent to 17,147.41, ending the session at its lowest closing level…

Toyota Motor (NYSE:TM) – Toyota’s global production fell 12.9% in June to 795,862 vehicles, marking the fifth consecutive month of decline. The automaker faced certification issues in Japan and intense price competition in China, contributing to significant reductions both domestically and internationally. In other news, Toyota President Akio Toyoda stated he might not be re-elected…

Stocks moved to the upside early in the session on Monday but showed a lack of direction over the course of the trading day. The major averages spent the day bouncing back and forth across the unchanged line after posting strong gains last Friday. The major averages eventually ended the session narrowly mixed. While the…

Apple (NASDAQ:AAPL) – The new artificial intelligence features of Apple, set to be released with iOS 18 and iPadOS 18, will be available only a few weeks after the updates in September. Apple plans to begin testing Apple Intelligence for developers with the betas of iOS 18.1 and iPadOS 18.1 this week. General availability will…

Following the mixed performance seen in the previous session, stocks moved sharply higher during trading on Friday. The major averages all showed strong moves to the upside, with the Nasdaq and the S&P 500 bouncing off their lowest closing levels in over a month. The major averages ended the day off their best levels of…

Alphabet (NASDAQ:GOOGL) – Google announced two new AI systems, AlphaProof and AlphaGeometry 2, which have demonstrated advances in solving complex mathematical problems, outperforming previous models. AlphaProof solved three questions from the 2024 International Mathematical Olympiad, including the most difficult one, solved by only five people out of over 600 competitors. AlphaGeometry 2 solved an additional…

U.S. stocks saw some heavy selling in the final hour of the session on Thursday as the mood turned a bit cautious amid concerns about mega-cap firms’ earnings. Among the major averages, the Dow managed to settle higher, gaining 81.20 points or 0.20 percent at 39,935.07, a long way down from the day’s high of…