Category: Market Summary

After moving mostly higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. With the upward move, the major averages partly offset the steep losses posted last Friday. The major averages moved roughly sideways in afternoon trading, hovering in positive territory. The Nasdaq jumped 190.87 points…

U.S. President Trump’s announcement on Monday morning that he plans to impost new 25% tariffs on steel and aluminum imports have boosted shares of U.S. producers, but shares of producers overseas fell as traders worried about reduced demand and disrupted flows. American Iron and Steel Institute data shows that Canada is the dominant supplier of…

The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the sharp pullback seen last Friday, which came amid concerns about a surge by…

Gold prices were pushed to record high levels on Monday after U.S. President Trump announced further trade tariffs on imports of aluminum and steel. Spot gold rose 1.1% to a record high $2,892.30 an ounce, while gold futures expiring in April rose 0.9% to $2,916.05 an ounce. On Sunday, Trump announced he will impose 25%…

Stocks moved sharply lower during trading on Friday, giving back ground after trending higher over the past few sessions. The major averages turned negative within the first hour of trading and saw further downside as the day progressed. The major averages climbed off their worst levels going into the close but remained firmly negative. The…

The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to extend the lackluster performance seen in the previous session. The futures have seen some volatility following the release of the Labor Department’s closely watched report on employment in the month of January. While the report on…

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…

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…

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…

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…