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North American Morning Briefing: Nasdaq Futures Surge on Nvidia Earnings
Market Wraps Watch For: Durable Goods for July; Weekly Jobless Claims; Earnings from Royal Bank of Canada, Toronto-Dominion Bank Today’s Top Headlines/Must Reads: – Didn’t Get Get Invited to the Fed’s Mountain Retreat? Here’s What to Watch – Arizona Labor Spat Signals Challenges for U.S. Chip Manufacturing – Nvidia’s AI Surge Is Just Getting Started…
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US Futures Mixed, European Stocks Rise Ahead of Jackson Hole Meeting
In the U.S. futures for the S&P 500 were up 0.6% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.8% in morning trading. Aroundtown rose 4.4% and BE Semicon Industries climbed 3.7%. On the other…
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Top Company News of the Day: Nvidia, Esmark, Reliance Retail Ventures, Qantas
Nvidia Sales Surge as AI Boom Lifts Earnings The chip maker reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected. Esmark Pulls Out of Bidding for U.S. Steel The industrial conglomerate said it is abandoning its bid amid pressure from…
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Nvidia Sales Surge as AI Boom Lifts Earnings
Nvidia Sales Surge as AI Boom Lifts Earnings The chip maker (NASDAQ:NVDA) reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected. Esmark Pulls Out of Bidding for U.S. Steel The industrial conglomerate said it is abandoning its bid amid pressure…
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U.S. Stocks Move Sharply Higher Ahead Of Nvidia Earnings
Stocks moved sharply higher over the course of the trading day on Wednesday, with the major averages all moving to the upside after ending Tuesday’s session mixed. The Nasdaq led the charge amid a rally by technology stocks. The major averages pulled back off their best levels going into the close but remained firmly positive.…
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Crypto This Wednesday: Shopify Integrates Solana Pay, MoonPay Fixes Binance.US Failure, and More
Bitcoin teeters below $26,000 ahead of Jackson Hole Bitcoin (COIN:BTCUSD) briefly dipped below $26,000 with a weekly drop of 10.42% as the market awaits the central bankers meeting in Jackson Hole. At the time of writing, Bitcoin is trading at $26,382,32. Fundstrat’s Sean Farrell suggests Powell’s dovish comments could drive the recovery and notes a possible market…
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Looming Jackson Hole Summit, Nvidia Earnings May Lead To Choppy Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of the highly anticipated economic symposium in Jackson Hole, Wyoming, which kicks off on Thursday. The…
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North American Morning Briefing: Nvidia Results to Test AI Frenzy
Market Wraps Watch For: New Home Sales for July; EIA Weekly Petroleum Status Report; Canada Retail Trade for June; Earnings from Nvidia, Peloton Interactive Today’s Top Headlines/Must Reads: – Recession Fears Have Been ‘Blown Out of the Water,’ Long-Serving Fed President Says – Outside Funders Fuel Bankruptcy Lawsuits – Ukraine Hatches Plan to Reopen Black…
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Wednesday’s Wall Street Highlights: Nvidia, Apellis Pharmaceuticals, UPS, AMC, and more
US Index Futures are trading higher in the pre-market session on Wednesday, a day set for the release of a global sector economic activity indicator and ahead of Nvidia’s earnings (NASDAQ:NVDA) and the Jackson Hole symposium, which begins tomorrow. As of 06:46 AM, Dow Jones futures (DOWI:DJI) were up 71 points or 0.21%. S&P 500…
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US Futures, European Stocks Rise as Focus Shifts to Powell Speech, Nvidia Earnings
In the U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average rose 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Roche Holding Part. Cert. added 4.1% and Rotork rose 3.2%. On…