Category: Market Summary

Toyota Motor (NYSE:TM) – Toyota’s global production fell 12.9% in June to 795,862 vehicles, marking the fifth consecutive month of decline. The automaker faced certification issues in Japan and intense price competition in China, contributing to significant reductions both domestically and internationally. In other news, Toyota President Akio Toyoda stated he might not be re-elected…

Stocks moved to the upside early in the session on Monday but showed a lack of direction over the course of the trading day. The major averages spent the day bouncing back and forth across the unchanged line after posting strong gains last Friday. The major averages eventually ended the session narrowly mixed. While the…

Apple (NASDAQ:AAPL) – The new artificial intelligence features of Apple, set to be released with iOS 18 and iPadOS 18, will be available only a few weeks after the updates in September. Apple plans to begin testing Apple Intelligence for developers with the betas of iOS 18.1 and iPadOS 18.1 this week. General availability will…

Following the mixed performance seen in the previous session, stocks moved sharply higher during trading on Friday. The major averages all showed strong moves to the upside, with the Nasdaq and the S&P 500 bouncing off their lowest closing levels in over a month. The major averages ended the day off their best levels of…

Alphabet (NASDAQ:GOOGL) – Google announced two new AI systems, AlphaProof and AlphaGeometry 2, which have demonstrated advances in solving complex mathematical problems, outperforming previous models. AlphaProof solved three questions from the 2024 International Mathematical Olympiad, including the most difficult one, solved by only five people out of over 600 competitors. AlphaGeometry 2 solved an additional…

U.S. stocks saw some heavy selling in the final hour of the session on Thursday as the mood turned a bit cautious amid concerns about mega-cap firms’ earnings. Among the major averages, the Dow managed to settle higher, gaining 81.20 points or 0.20 percent at 39,935.07, a long way down from the day’s high of…

Warner Bros Discovery (NASDAQ:WBD), Walt Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA), Amazon (NASDAQ:AMZN) – The NBA signed an 11-year, $77 billion contract with Disney, NBCUniversal (Comcast), and Amazon to broadcast its games. Disney will air 80 regular-season games and the finals, NBCUniversal will show 100 games and one conference final, and Amazon will broadcast 66 games and…

After ending yesterday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed a particularly steep drop on the day, tumbling to its lowest closing level in over a month. The major averages saw further downside late in the session, closing near their…

Meta Platforms (NASDAQ:META) – Meta launched the Llama 3 AI model, with 405 billion parameters, surpassing the previous version in language, coding, and math. Despite being smaller than rival models like GPT-4, Llama 3 offers free versions for developers, aiming to outshine competitors and drive innovation. Shares fell 1.7% pre-market. Tesla (NASDAQ:TSLA) – Elon Musk…

Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line following the strong upward move seen in the previous session. The major averages eventually ended the day modestly lower. The Dow slipped 57.35 points or 0.1 percent to…