Category: Include on Menu
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U.S. Futures Slide Amid Netflix Results, Microsoft and CrowdStrike Outages, Oil Prices Head for Second Week of Losses
U.S. stock futures are trending down in pre-market trading this Friday, as investors monitor Netflix‘s results and service disruptions at Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD). Other factors influencing the market include the recent rotation favoring indices like the Dow and Russell 2000, but penalizing major tech stocks, affecting the S&P 500 and Nasdaq. Additionally, the…
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Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage
Microsoft (NASDAQ:MSFT) – A widespread failure in Microsoft’s services affects many large companies globally. The outage, which extended from the U.S. to Asia, impacted the operations of many companies, causing issues from customer service to banking and airline operations, including McDonald’s, the London Stock Exchange, Bank of Israel. American, Delta, United, and Allegiant Air suspended…
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Nasdaq, S&P 500 Add To Yesterday’s Steep Losses
Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The major averages all finished the day firmly in negative territory. The…
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First-Time Unemployment Claims Up More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week’s revised level of 223,000. Economists had expected initial jobless…
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Tech Stocks May Regain Ground Following
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to regain ground following yesterday’s sell-off. Traders may look to pick up tech stocks at relatively reduced levels following the steep drop on Wednesday, which saw the tech-heavy Nasdaq record its worst day since December 2022. Optimism…
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Nasdaq Tech Stocks Show Partial Recovery; Oil Prices Rise
U.S. index futures show a mixed trend in pre-market trading this Thursday, with technology stocks making a partial recovery after the Nasdaq experienced its worst session since 2022 the previous day. At 5:07 AM, Dow Jones futures (DOWI:DJI) fell 30 points, or 0.07%. S&P 500 futures gained 0.28%, and Nasdaq-100 futures advanced 0.58%. The yield…
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Darden Acquires Chuy’s for $605M, BYND Drops 14% Amid Debt Restructuring, Petco Appoints Ex-Five Below CEO
Darden Restaurants (NYSE:DRI) – Darden Restaurants, owner of Olive Garden, agreed to acquire Chuy’s Holdings for $605 million in an all-cash deal. The purchase will add 101 Chuy’s restaurants in 15 US states to Darden’s portfolio, which includes brands like LongHorn Steakhouse and Yard House. Beyond Meat (NASDAQ:BYND) – Beyond Meat is facing financial difficulties…
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TSMC Net Profit Hits $7.6B; Nokia Sees 32% Decline in Operating Profit; Novartis Boosts Outlook After Profit Surge
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC exceeded earnings and revenue expectations in the second quarter with $20.82 billion in revenue and a net profit of $7.6 billion. Strong demand for advanced chips for AI applications drove a 40.1% increase in revenue and a 36.3% rise in profit year-over-year. TSMC also adjusted its capital expenditure…
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U.S. Stocks Close On Mixed Note; Dow Rises To New High, Nasdaq Tumbles
U.S. stocks turned in a mixed performance on Wednesday with geopolitical concerns and profit warning from Dutch semiconductor firm ASML (NASDAQ:ASML) rendering the mood cautious. Among the major averages, the Dow moved on to a new high, while the tech-laden Nasdaq ended sharply lower. The Dow ended with a gain of 243.60 points or 0.59…
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Bitcoin ETFs Surge, Grayscale Launches AI Fund, XRP Soars 40% in One Week
Bitcoin ETFs in the US attract inflows for seven consecutive days On July 16, Bitcoin exchange-traded funds (ETFs) in the United States saw a net inflow of $422.5 million, marking the most robust investment day since early June. This phenomenon occurred during a streak of seven consecutive days of gains, during which the funds accumulated…