Category: Market Summary
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Amazon Misses Earnings Expectations, Shares Plunge
Tech giant Amazon’s (NASDAQ:AMZN) cloud computing arm has missed its revenue expectations, which raises concern about the tech company’s investment in AI. The company announced on Thursday that its cloud division, Amazon Web Services, reported reported a fourth-quarter revenue of $28.7bn (£23.1bn), which was slightly below Wall Street forecasts of $28.84bn. Investors were disappointed by…
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Nasdaq, S&P 500 See Further Upside Ahead Of Jobs Report But Dow Gives Back Ground
Stocks showed a lack of direction over the course of the trading session on Thursday, with the major averages swinging back and forth across the unchanged line before eventually closing mixed. The Nasdaq and the S&P 500 reached new highs for the session going into the end the day, closing higher for the third straight…
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Eli Lilly Stock Price Rises As Profits Exceed Expectations
Drug manufacturer Eli Lilly (NYSE:LLY) announced today that Revenue in the fourth quarter rose 45% to $13.53 billion, driven by volume growth from Mounjaro and Zepbound, versus the consensus of $13.78 billion. The company said it expects to report 2025 income per share of $22.50 to $24.00 in 2025, compared with analysts’ estimates of $22.86 per…
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U.S. Stocks May See Further Upside As Jobs Report Looms
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to see further upside after recovering from an initial pullback to end the previous session mostly higher. Stocks may benefit from recent upward momentum, which has seen the markets close higher for two straight days despite concerns…
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MicroStrategy Rebrands As ‘Strategy’, Reports Q4 Net Loss Of $670m
Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just rebranded from its former name of MicroStrategy, has reported a net loss of $670.8 million for the fourth quarter. The company reported fourth quarter revenue of $120.7 million, a 3% year on year fall. Meanwhile it said it had bought an additional 218,887 Bitcoin, bringing its holdings…
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U.S. Stocks Recover From Early Pullback To Close Mostly Higher
Stocks came under pressure early in the session on Wednesday but showed a significant rebound over the course of the trading day. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…
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Tech Stocks May Lead Early Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Tech stocks may lead an early pullback on Wall Street amid a negative reaction to earnings news from Alphabet (NASDAQ:GOOGL) and Advanced Micro Devices (NASDAQ:AMD). Shares of…
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Gold Prices Boosted To Record High On Fears Of Trade War, Gaza Uncertainty
Gold prices hit a record high in Asian trade on Wednesday as demand for the precious metal as a safe haven was boosted by geopolitical uncertainty. With concerns over a brewing trade war between the U.S. and China, and President Trump’s comments about Gaza, demand for gold was high and the spot price jumped 0.6%…
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Easing Tariff Concerns Contribute To Rebound On Wall Street
Stocks moved mostly higher during trading on Tuesday, largely offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages finished the session just off their best levels of the day. The Nasdaq jumped 262.06 points or…
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Moderna, BioNTech Shares Down After Senate Committee Vote To RFK Jr.’s Nomination
The U.S. Senate Finance Committee has voted to advance Robert F. Kennedy Jr.’s nomination for Secretary of Health and Human Services to the full Senate. Shares in Moderna (NASDAQ:MRNA) and BioNTech (NASDAQ:BNTX) slumped on the news: Moderna was down 4.9% and BioNTech 1.5%. The fall in stock prices comes from concerns about Kennedy’s views on…