Category: Top Story
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Tech Sell-Off Leads To Significant Weakness On Wall Street
Following the mixed performance seen during Thursday’s session, stocks showed a significant move to the downside during trading on Friday. The major averages all moved lower, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages ended the day off their worst levels of the session but still in negative territory. The Nasdaq…
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Jefferies highlights standout gold miners as the sector enters 2026 on strong footing
Gold producers are approaching 2026 with what Jefferies describes as one of the most supportive environments the group has seen in years. In its latest sector outlook, the firm reaffirmed its positive view on gold equities and unveiled an updated roster of preferred names. Analyst Fahad Tariq wrote in the preview, “We remain bullish on…
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Ed Yardeni reverses course, shifts to Underweight on the Magnificent 7
Ed Yardeni has pulled back from one of his signature long-held positions, lowering his stance on the Magnificent 7 to Underweight as he urges investors to rebalance both U.S. and international equity exposure heading into 2026. In his latest market commentary, Yardeni warns that mega-cap tech dominance has reached levels that create excessive concentration risk,…
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AI Infrastructure Surge Likely to Last Until 2027, Northland Says
Northland Capital Markets told clients on Tuesday that the current boom in AI infrastructure spending is far from over, anticipating another year and a half of strong momentum. Analyst Gus Richard wrote that the investment cycle “is in its 7th inning and will slow mid CY27,” noting that even with ongoing concerns about limits on…
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Costco Beats Forecasts as Comparable Sales Rise 6.4%
Costco Wholesale Corp (NASDAQ:COST) reported stronger-than-expected earnings and revenue for its fiscal first quarter of 2026, although its shares edged 0.6% lower in U.S. premarket trading on Friday. Net income for the period climbed to $2.0 billion, equivalent to $4.50 per diluted share, surpassing analysts’ expectations of $4.28 per share. Revenue increased 8.3% year-on-year to…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Broadcom, Costco Earnings and Lululemon CEO Exit Shape Market Moves
U.S. equity futures pointed to a mixed start on Friday, the final session of the trading week. Broadcom (NASDAQ:AVGO) shares slipped in after-hours trading after the chipmaker’s update reignited concerns about the rising cost of artificial intelligence investments. Costco (NASDAQ:COST) delivered quarterly results that exceeded expectations, highlighting resilient demand for value-priced goods as consumers remain…
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Dow Jumps To New Record Closing High But Nasdaq Closes Modestly Lower
The major U.S. stock indexes moved in starkly opposite directions in early trading on Thursday, with the Dow moving sharply higher and the Nasdaq showing a significant pullback. While the Nasdaq climbed well off its worst levels of the day, the tech-heavy index still closed down 60 points or 0.3 percent at 23,594. Meanwhile, the…
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Markets in Motion: Fed rate decision, silver surge, VIX holds low
In this week’s Markets in Motion, Bruce Campbell highlights the biggest catalyst on the horizon: the upcoming Federal Reserve announcement. Markets are overwhelmingly pricing in a quarter-point fed rate cut, with roughly 85 per cent of expectations leaning in that direction. With sentiment already tilting toward easing, investors will be watching closely for confirmation. Bruce…
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Dow Jones, S&P, Nasdaq, Futures, Oracle Selloff Poised to Pressure Wall Street at the Open
U.S. equity futures signaled a weaker start on Thursday, suggesting the market may surrender some of the gains logged in the previous session. A sharp premarket decline in Oracle (NYSE:ORCL) is set to drag on sentiment, with the tech firm tumbling 13.1% before the bell. The slide follows the company’s fiscal second-quarter update, which delivered…
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Manchester United Shares Drop as Q1 Results Fall Short of Analyst Expectations
Manchester United plc (NYSE:MANU) slipped 4.16% in premarket trading on Thursday after the club posted fiscal first-quarter 2026 revenue of £140.3 million — just under the £141.05 million analysts had forecast and down 2% from £143.1 million a year earlier. The Premier League club reported an adjusted loss per share of £1.48, sharply below expectations…