Category: Market Summary
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Renewed Optimism About Debt Ceiling Deal Leads To Extended Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Friday, extending the rebound seen during Thursday’s session. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in nine months. The major averages moved roughly sideways going into the close, holding on to strong gains. The…
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Friday’s Wall Street Highlights: JPMorgan, Tesla, PDS Biotechnology, Costco and more
US Index Futures rose on the possibility of the US government reaching a deal to resolve the US debt ceiling problem prevailing in markets on Friday morning. Investors also await the release of the inflation indicator monitored by the Federal Reserve, after mixed signals from US central bank officials regarding the direction of interest rates. By…
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U.S. Stocks Rebound On Upbeat Nvidia Earnings
Stocks moved mostly higher during trading on Thursday, regaining ground after moving sharply lower on Tuesday and Wednesday. The Nasdaq showed a particularly strong upward move, reflecting strength in the tech sector. The Nasdaq surged 213.93 points or 1.7 percent to 12,698.09, bouncing back near the nine-month closing high set on Monday. The S&P 500…
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Thursday’s Wall Street Highlights: Nvidia, Best Buy, Palantir, Snowflake and more
US Index Futures are upbeat for a possible solution to the U.S. debt ceiling impasse, with S&P 500 futures posting a one-week high and technology stocks soaring after chipmaker Nvidia Inc. issued a bright revenue forecast. Dow Jones Industrial Average futures fell after Fitch Ratings placed top-rated US bonds on negative watch due to stalled talks…
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North American Morning Briefing: Nvidia Surge Boosts Nasdaq Futures
Market Wraps Watch For: 1Q 2nd estimate GDP; Unemployment Insurance Weekly Claims; Weekly Export Sales; Pending Home Sales; EIA Weekly Natural Gas Storage Report; Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing; Federal Discount Window Borrowings; Fed speakers include Tom Barkin, Susan Collins; earnings from Best Buy, Costco, Gap, Medtronic, Workday Today’s…
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US Futures Mixed, European Stocks Fall as As US Debt Ceiling Talks Continue
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average fell 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. BE Semiconductor Inds climbed 6.9% and ASM International rose 6.6%. On…
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Nvidia Shares Surge 20% as 2Q Outlook Blows Past Estimates
Nvidia Poised for Record Sales as As AI Demand Kicks In The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Snowflake slashes forecast, stock slumps after earnings Shares of Snowflake were sinking 12% in after-hours trading Wednesday after the data-software company cut its…
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Wednesday’s Wall Street Highlights: Uber, Lordstown Motors, Bank of Nova Scotia and more
US Index Futures fell on Wednesday, extending the previous trading session’s slump, as little sign of progress in talks on raising the US debt ceiling added to the uncertainty. The climate is also justified by the caution before the release of the minutes of the last US monetary policy decision, which may affect expectations about the…
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North American Morning Briefing: Stock Futures Dip as Debt-Ceiling Doubts Linger
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; EIA Weekly Petroleum Status Report; FOMC meeting minutes published; Canada Quarterly financial statistics for enterprises; earnings from Analog Devices, Abercrombie & Fitch, Kohl’s, Nvidia Today’s Headlines/Must Reads – For Banks, Debt-Ceiling Drama Doesn’t End With a Deal – Spending Fight Is Main Event in Debt-Ceiling Talks…
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US Futures, European Stocks Down as Focus Remains on US Debt Ceiling
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.9% in morning trading. Marks & Spencer Group rose 7.7% and Sinch added 6.2%. On…