Category: Market Summary
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AI momentum stocks retreat as earnings season sparks technology selloff
Technology shares linked to the artificial intelligence boom came under renewed pressure on Thursday, as another wave of corporate earnings prompted investors to take profits from some of the market’s biggest winners. The weakness spread across Asia before carrying into U.S. premarket trading, where several high-profile AI-related names extended recent declines. Storage stocks lead premarket…
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US futures steady as Iran negotiations, earnings and economic data dominate attention: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded with little direction on Thursday as investors monitored diplomatic developments involving Iran, assessed another round of corporate earnings and looked ahead to key labour market data due later this week. At 01:17 ET (05:17 GMT), Dow Jones futures were up 122 points, or 0.2%, while S&P 500 futures also gained…
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Dow Closes at Fresh Record as Healthcare Gains Offset an AI-Led Tech Retreat
U.S. stocks split down the middle on Wednesday as a rotation out of high-flying technology names met strength in healthcare and consumer stocks. The Dow Jones Industrial Average pushed to another all-time closing high, but the tech-heavy Nasdaq Composite slipped as chipmakers came under renewed pressure. The story of the day was earnings season: strong…
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U.S. stocks set for stronger open as market rally gathers pace: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to another positive start on Wednesday, with investors looking to extend the strong rally that has lifted the Dow Jones Industrial Average and the S&P 500 to fresh record highs in recent sessions. Market sentiment continues to be supported by easing energy prices and optimism that negotiations to reopen the Strait…
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Telecom shares decline as SpaceX outlines plans for mobile network expansion
Shares of major U.S. wireless providers moved lower after SpaceX (NASDAQ:SPCX) revealed plans to develop a fully integrated mobile service, raising concerns that Starlink could eventually become a direct competitor to Verizon (NYSE:VZ), AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS). The announcement follows SpaceX’s acquisition of 65 megahertz of wireless spectrum from EchoStar in two transactions completed…
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Middle East optimism lifts sentiment as SpaceX and AMD earnings dominate attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures edged higher on Wednesday as investors reacted to renewed hopes of easing tensions in the Middle East, while corporate earnings from SpaceX (NASDAQ:SPCX), Advanced Micro Devices (NASDAQ:AMD) and Novo Nordisk (NYSE:NVO) drove significant pre-market trading. Although geopolitical developments supported overall market sentiment, investors also assessed company-specific news, particularly Elon Musk’s latest comments,…
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Dow Closes Above 54,000 as Tech Rally Powers Record Highs
U.S. stocks surged on Tuesday, with all three major indexes posting strong gains as a rebound in technology shares and easing geopolitical tensions sent Wall Street to fresh record territory. Blowout earnings from Palantir set the tone early, reigniting an artificial-intelligence trade that had wobbled through July, while a slide in oil prices tied to…
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U.S. Futures Signal Another Positive Session for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock index futures traded higher on Tuesday, indicating Wall Street could build on the strong gains recorded over the past several trading sessions. Technology stocks looked set to lead the advance, with Nasdaq 100 futures climbing 1.1% ahead of the opening bell. Palantir Leads Premarket Gains Palantir (NASDAQ:PLTR) surged more than 15% in pre-market…
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U.S.-Iran Diplomatic Outlook Remains Unclear as Palantir and Snap Earnings Lift Market Mood: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures traded higher on Tuesday following a positive start to the week on Wall Street, as investors weighed ongoing uncertainty surrounding the Middle East against another wave of corporate earnings. Hopes that diplomacy could ease tensions between the United States and Iran continued to underpin sentiment, although conflicting messages from both governments left…
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Wall Street Kicks Off August With a Broad Rally as Falling Oil and an Amazon Milestone Lift Stocks
U.S. stocks surged to open the new month on Monday, with all three major indexes posting sharp gains as a slide in oil prices, easing Middle East tensions, and a fresh megacap milestone put buyers back in control after a rocky July. The advance was broad, with technology and communications shares leading the way and…