Category: Market Summary
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Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News
Earnings Nvidia (NASDAQ:NVDA) – Nvidia’s earnings, viewed as a barometer for the growing AI industry, will be released after the market closes on Wednesday. The results will also serve as a critical indicator for the US stock market, which has reached record highs. Analysts estimate that Nvidia will report earnings per share of $5.17 on…
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Nasdaq, S&P 500 End Choppy Trading Day At New Record Closing Highs
Following the mixed performance seen in the previous session, stocks showed a lack of direction throughout much of the trading day on Tuesday. Despite the choppy trading on the day, the S&P 500 and the Nasdaq reached new record closing highs. The major averages spent the day bouncing back and forth across the unchanged but…
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CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
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Nasdaq Reaches New Record Closing High But Dow Gives Back Ground
After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday. The tech-heavy Nasdaq added to last week’s strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday. The Nasdaq…
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Upcoming Economic Highlights: FOMC Minutes, Earnings Reports, and Global Indicators
The upcoming week in the United States is expected to be relatively calm, with a significant focus on the release of the Federal Open Market Committee (FOMC) minutes and various appearances by Federal Reserve officials. Traders will be keenly watching for any signs indicating when the Fed might start cutting interest rates. Current economic data…
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Dow Finishes Choppy Trading Day Above 40,000 For First Time
Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. Despite the choppy trading, the Dow closed above 40,000 for the first time, rising…
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Reddit Announces Content Partnership with OpenAI, Shares Rise 15%
OpenAI and Reddit announced a new partnership on Thursday, a move that will bring content from the social media platform to ChatGPT. The agreement will help Reddit further diversify its revenue streams. “OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities,” the companies said in…
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U.S. Stocks Move Modestly Lower After Seeing Early Strength
Stocks moved to the upside early in the session on Thursday but fluctuated over the course of the trading day before eventually closing modestly lower. The major averages partly offset the strong upward move seen over the two previous sessions. While the Dow (DOWI:DJI) climbed above 40,000 for the first time in morning trading, the…