Category: Market Summary
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U.S. Stocks Finish Lackluster Session Little Changed
Stocks turned in a lackluster performance during trading on Wednesday following the strong upward move seen to start the week. After moving to the upside early in the session, the major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow…
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Tesla Surges 10% on Growth Outlook and Plans for Affordable Models in 2025
Tesla shares jumped by 10% on Wednesday, igniting investor optimism as the company outlined a growth forecast for the year and announced plans to introduce more affordable electric vehicle models in early 2025. This announcement came as a relief to stakeholders who had been concerned by a series of negative events surrounding the company, including…
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U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading
U.S. index futures are showing mixed results in pre-market trading this Wednesday, as investors assess the latest financial results released. As of 6:31 AM, Dow Jones Industrial Average futures (DOWI:DJI) fell 8 points, or 0.02%. S&P 500 futures advanced 0.14%, and Nasdaq-100 futures gained 0.56%. The 10-year U.S. Treasury yield stood at 4.638%. In the…
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Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes
U.S. stocks ended on a firm note on Tuesday, extending gains from previous session, with technology shares once again outperforming others, amid optimism about earnings. A batch of encouraging earnings updates, and slightly easing concerns about the outlook for interest rates helped underpin sentiment. The major averages all ended notably higher. The Dow settled with…
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U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly
U.S. index futures saw a rise in pre-market trading this Tuesday, sustaining the positive momentum observed in the previous session. The S&P 500 broke a six-day losing streak the day before, driven by a significant recovery in the technology sector. At 6:33 AM, Dow Jones futures (DOWI:DJI) rose 69 points, or 0.19%. S&P 500 futures…
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U.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs
U.S. stocks climbed higher on Monday with those from the technology sector turning in a fine performance, as traders indulged in some bargain hunting after recent losses. Easing worries about Middle East tensions helped underpin sentiment. The major averages all closed on a firm note. The Dow ended with a gain of 253.78 points or…
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Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates
Salesforce (NYSE:CRM), Informatica (NYSE:INFA) – Salesforce has withdrawn from negotiations to acquire Informatica due to disagreements over terms, according to Reuters. The discussions were in advanced stages, with a potential price of around $30 per share for Informatica, which has clients such as Unilever and Deloitte. Salesforce shares rose 3.4%, while Informatica shares fell 6.2%,…
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Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances
With technology stocks under pressure, the Nasdaq showed a substantial move to the downside during trading on Friday, extending its recent losing streak. The S&P 500 also saw further downside, while the narrower Dow bucked the downtrend. The Nasdaq plunged 319.49 points or 2.1 percent to 15,282.01, closing lower for the sixth straight session and…
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U.S. Index Futures Decline Amid Israel-Iran Tensions
In pre-market trading this Thursday, U.S. index futures are down, reflecting increased tensions between Israel and Iran. S&P 500 is headed for its worst week in nearly six months, after five consecutive sessions of decline and a weekly accumulated decline of 2.2%. This would be the third consecutive week of losses for the index, largely…
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Netflix Reports Strong Q1 Earnings, But Faces Skepticism Over Future Growth
Netflix Inc. (NASDAQ:NFLIX) announced its financial results for the first quarter of 2024 after the closing bell yesterday, showcasing robust earnings that surpassed expectations with significant growth in both revenue and subscribers. However, the market reacted with skepticism, questioning the sustainability of this growth as the company’s shares took a hit in after-hours trading. Despite…