Category: Market Summary

Bitcoin’s (COIN:BTCUSD) price has risen above $80,000 for the first time, buoyed by the result of last week’s U.S. election which saw a decisive victory for Donald Trump. Other cryptocurrencies have also risen, including dogecoin (COIN:DOGEUSD) which Trump supporter Elon Musk has promoted. Trump is pro-cryptocurrency, and while on the campaign trail he promised to…

Extending the substantial rally seen over the past few sessions, stocks moved mostly higher over the course of the trading day on Friday. With the continued upward move, the major averages all reached new record closing highs. The major averages pulled back off their best levels going into the close but remained in positive territory.…

The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after moving sharply higher over the past few sessions. Traders may take a breather following the recent surge on Wall Street, which has lifted the major averages to new record highs.…

After moving sharply higher over the two previous sessions, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the charge, surging by 285.99 points or 1.5 percent to 19,269.46, while the S&P 500…

Qualcomm (NASDAQ:QCOM) – The semiconductor company exceeded expectations with an adjusted EPS of $2.69, against the expected $2.56, and revenue of $10.24 billion, above the expected $9.90 billion. Net income increased to $2.92 billion, with automotive growing 86% and device chips by 12%. The company projects revenue between $10.5 billion and $11.3 billion for the…

Stocks skyrocketed during trading on Wednesday, as traders celebrated Donald Trump’s victory in the presidential election. The major averages added to the strong gains posted during Tuesday’s session, reaching new record closing highs. The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow (DOWI:DJI) soared 1,508.05 points or…

Trump Media & Technology Group (NASDAQ:DJT) – Donald Trump’s media company reported a $19.2 million loss in Q3, driven by $12.1 million in legal fees tied to a streaming deal and SPAC. Research and development expenses totaled $3.9 million. Despite the loss, shares surged 32.7% in pre-market after Trump declared victory in the presidential election,…

Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq…

Boeing (NYSE:BA) – Boeing workers on the U.S. West Coast ended a seven-week strike after approving a contract that includes a 38% wage increase over four years. The strike, which impacted 737 MAX production and other models, cost Boeing about $100 million per day. The contract also includes a $12,000 bonus and increased 401(k) contributions.…

After turning in a strong performance during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages bounced back and forth across the unchanged line before eventually closing in negative territory. The Dow underperformed its counterparts, sliding 257.59 points or 0.6 percent to 41,794.60.…