Category: Market Summary
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Dow Likely To See Further Downside Amid Steep Drop By Salesforce
The major U.S. index futures are currently pointing to a lower open on Thursday, with the Dow futures showing a notable move to the downside. A steep drop by shares of Salesforce (NYSE:CRM) is likely to weigh on the Dow, as the cloud-based software company is plunging by 16.5 percent in pre-market trading. Salesforce is…
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Rising Treasury Yields Contribute To Weakness On Wall Street
Following the mixed performance seen during Tuesday’s session, the major U.S. stock indexes all moved to the downside during trading on Wednesday. The Dow showed a notable decline, falling to its lowest closing level in almost a month. The major averages all finished the day firmly in negative territory. The Dow (DOWI:DJI) slumped 411.32 points…
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…
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Nasdaq Climbs To Another Record Closing High But Dow Sees Further Downside
After moving in opposite directions early in the session, the Nasdaq and the Dow turned in a mixed performance throughout much of the trading day on Tuesday. While the Nasdaq briefly joined the Dow in negative territory in afternoon trading, the tech-heavy index rebounded to end the day at a new record closing high. The…
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Nasdaq Reaches New Record Closing High But Dow Nearly Unchanged
Following the downturn seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the rebound, surging to a new record closing high. The Nasdaq jumped 184.76 points or 1.1 percent to 16,920.94 and the S&P 500 (SPI:SP500) climbed 36.88 points…
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U.S. Stocks Move Mostly Lower As Early Buying Interest Evaporates
Stocks moved mostly higher at the start of trading on Thursday but failed to sustain the initial upward move and came under pressure over the course of the session. The major averages pulled back well off their highs of the session and into negative territory. After reaching record intraday highs, the Nasdaq fell 65.51 points…
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Nvidia Stocks Surge Up to 7% Pre-Market; VF Corp Drops 15%, and More in Earnings
Nvidia (NASDAQ:NVDA) – The adjusted earnings per share were $6.12, exceeding the expected $5.59. Revenue reached $26.04 billion, a 262% year-over-year increase, surpassing the anticipated $24.65 billion. For the next quarter, the company forecasts $28 billion in sales. In the quarter ended April 28, data center revenue was $22.6 billion, a 427% year-over-year increase. Nvidia…
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U.S. Stocks Climb Off Worst Levels But Remain In The Red After Fed Minutes
Stocks showed a lack of direction throughout much of the trading session on Wednesday before coming under pressure following the release of the minutes of the Federal Reserve’s latest monetary policy meeting. The major averages climbed off their worst levels going into the close but ended the day in the red after ending Tuesday’s choppy…