Category: Market Summary
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Futures Pointing To Modest Pullback On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Friday, with stocks likely to give back ground following the rally seen in the previous session. Traders may look to cash in on yesterday’s surge, which saw the S&P 500 end the day just shy of its record closing high. Concerns…
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Tesla Has ‘Very Poor’ January, Losing Share Worldwide, Says UBS
Electric car manufacturer Tesla (NASDAW:TSLA) has had a bad start to the year, losing market share across key regions, according to a note from USB. The bank said on Friday that the company’s European sales plunged 51% year on year, making it the “biggest loser” in the region. Chinese retail sales also dropped 15% year…
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GameStop Shares Jump 7.7% As Company Considers Investing In Bitcoin And Other Crypto
Meme stock GameStop (NYSE:GME) is considering investing in Bitcoin and other cryptocurrencies, a report in CNBC says. It cites sources familiar with the matter, and says it is a result of GameStop’s move to diversify its assets. The company’s share price rocketed 7.7% in after hours trading on Thursday, showing investors approval of this potential…
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U.S. Stocks Rally Even As Producer Prices Rise More Than Expected
Stocks moved sharply higher over the course of the trading day on Thursday, extending the significant recovery from the sell-off seen early in Wednesday’s session. The major averages all showed strong moves to the upside, with the tech-heavy Nasdaq leading the charge. The major averages saw continued strength going into the close, ending the day…
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Optimism About Ukraine Peace Deal May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the recovery from the sell-off seen early in the previous session. The markets may benefit from optimism about a possible peace deal between Russia and Ukraine following comments from President Donald Trump. Trump said he…
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U.S. Stocks Regain Ground After Early Sell-Off, Nasdaq Closes Slightly Higher
After moving sharply lower early in the session, stocks showed a notable recovery attempt over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq inched up 6.09 points or less than a tenth of a…
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Hotter Than Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure after ending yesterday’s choppy trading session narrowly mixed. The futures plunged following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by more than expected in…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
Following the rebound seen during Monday’s session, stocks fluctuated over the course of the trading day on Tuesday. The major averages swung back and forth across the unchanged line as the day progressed before eventually closing narrowly mixed. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 (SPI:SP500) crept up…
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U.S. Stocks May See Early Weakness, Powell Testimony In Focus
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after turning in a strong performance in the previous session. Lingering concerns about a global trade war may weigh on Wall Street after President Donald Trump officially announced tariffs on U.S. steel…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…