Category: Market Summary
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U.S. Stocks Close Weak As Investors Await Key Economic Data
U.S. stocks ended on a negative note on Monday, and the major averages turned weak after a slightly positive start, as investors largely stayed cautious ahead of some key economic data, including a report on consumption expenditure. Among the major averages, the Dow (DOWI:DJI) ended lower by 62.30 points or 0.16 percent at 39,069.23. The…
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U.S. Index Futures Dip Amid Inflation Data Anticipation, Oil and Iron Ore Prices Retreat
On Monday, U.S. index futures fell slightly, signaling investor tension as they await new inflation data this week, closely monitored by the Federal Reserve, and keep an eye on the wave of significant earnings reports approaching, including Salesforce (NYSE:CRM), restaurants, and major retailers. At 05:22 AM, Dow Jones futures (DOWI:DJI) fell 55 points, or 0.15%.…
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Dow, S&P 500 Finish Lackluster Session At New Record Highs
Stocks extended Thursday’s substantial rally in early trading on Friday but turned in a relatively lackluster performance over the remainder of the trading session. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages bounced back and forth across the unchanged line before closing narrowly…
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Goldman Sachs Reconsiders Fed Cuts, LUNR Surges Over 40% in Pre-Market, and More
Intuitive Machines (NASDAQ:LUNR) – Intuitive Machines made history on Thursday when its Odysseus spacecraft became the first commercial probe to successfully land on the moon. The mission, carrying NASA instruments, landed at the lunar south pole, marking a significant milestone in commercial space exploration and collaboration with the US space agency. Shares are up 47.58%…
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U.S. Stocks Rally To Record Highs On Upbeat Nvidia Earnings
Stocks showed a substantial move to the upside during trading on Thursday, with the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reaching new record closing highs. The tech-heavy Nasdaq (NASDAQI:COMP) had also been poised to set a record closing high but ended the day just shy of its November 2021 levels. The major averages held…
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U.S. Futures Surge on Nvidia’s Stellar Performance, Global Markets Respond Positively
On Thursday, U.S. futures were on the rise, driven by significant gains from Nvidia (NASDAQ:NVDA) after market close, following the semiconductor giant’s announcement of surprisingly positive results and encouraging forecasts. At 05:08 AM, Dow Jones futures (DOWI:DJI) were up 73 points, or 0.19%. S&P 500 futures rose 1.14%, and Nasdaq-100 futures were up 2.01%. The…
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Nvidia Shatters Expectations: Reports Staggering 265% Yearly Revenue Surge and Breakthrough in Generative AI Demand
The semiconductor giant Nvidia (NASDAQ:NVDA) recently reported revenue of $22.1 billion for the 4th quarter ended January 2024, an increase of 22% from the previous quarter and 265% over the same period last year. For the quarter, diluted earnings per share were $4.93, up 33% from the previous quarter and 765% from the previous year.…
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Anxiety Ahead Of Fed Minutes, Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the losses posted in the two previous session. The downward momentum on Wall Street reflects lingering concerns about the outlook for interest rates ahead of the release of the minutes of the latest Federal Reserve…
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Key Market Movement: Nvidia Earnings Stir Market Excitement, Fed Minutes Awaited, and HSBC Faces Sharp Decline
Good morning. As the market buzzes with excitement for Nvidia’s earnings, the Federal Reserve is set to release its latest meeting minutes, and HSBC experiences a significant drop in shares. Here are the key market movements today. Spotlight on Nvidia Dubbed by Goldman Sachs’ trading desk as the “most critical stock on the globe,” Nvidia…
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S&P Futures Dip as Market Awaits Federal Reserve Meeting Minutes and Nvidia’s Quarterly Results
March S&P 500 E-Mini futures (ESH24) are showing a downward trend of -0.14% this morning as market participants await the release of the Federal Reserve’s January policy meeting minutes while also looking forward to the quarterly results from chip manufacturer Nvidia. On Tuesday’s trading session, major Wall Street indices closed in the red, with the…