ADVFN US – Market Content Editor
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Jowell Global shares soar in pre-market trading without clear catalyst
Jowell Global Ltd. (NASDAQ:JWEL) shares surged 58.3% in pre-market trading on Monday to reach $2.49, delivering a sharp move for the Shanghai-based e-commerce company. Jowell Global operates an online platform in China offering products including cosmetics, health supplements and household goods. No obvious company-specific development appeared to account for the sudden rally. There were no…
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Oil prices hold steady as Iran conditions cloud Hormuz reopening prospects
Oil prices were broadly stable on Monday as traders weighed tentative progress towards reopening the Strait of Hormuz against Iran’s insistence that Washington must meet several additional conditions before unrestricted shipping can resume through the strategically important waterway. Brent crude futures were up 19 cents at $83.74 per barrel by 0807 GMT, while U.S. West…
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Gold holds close to seven-week peak as markets assess Iran risks and Fed outlook
Gold prices moved modestly higher on Monday, remaining close to the seven-week highs reached in the previous session as investors monitored geopolitical uncertainty surrounding Iran and looked ahead to key U.S. inflation data for further signals on the Federal Reserve’s interest-rate trajectory. Spot gold gained 0.3% to $4,354.51 an ounce as of 03:03 ET (07:03…
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Iran demands, Berkshire Hathaway results and U.S. inflation shape market sentiment: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were mixed but generally positive on Monday as investors weighed diminishing prospects for a rapid resolution to the Iran conflict against expectations for important U.S. inflation data later this week. Markets were also digesting Berkshire Hathaway’s (NYSE:BRK.B) latest results, which showed new chief executive Greg Abel beginning to deploy more of the…
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Strong S&P 500 Earnings Provide Support as AI Stocks Remain Volatile
Strong second-quarter corporate earnings are helping support U.S. equities despite continued turbulence among artificial intelligence-related stocks, according to Goldman Sachs. The bank believes recent weakness in momentum-driven AI names resembles previous periods of consolidation rather than necessarily signalling the end of the investment theme. AI Stocks Enter Consolidation After Powerful Rally Goldman strategists led by…
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Citi Recommends Buying the Dip in Memory Stocks as AI Cycle Gains Momentum
Citi believes the recent sell-off in memory chip stocks presents a buying opportunity, arguing that the artificial intelligence-driven memory cycle is still in its early phases and could ultimately exceed the industry’s previous boom between 2001 and 2007. The bank says the current environment shares many similarities with the long NAND expansion seen during the…
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SocGen Raises S&P 500 Target to 8,000 as Earnings Momentum Spreads
Societe Generale believes the strength of the U.S. earnings season is extending well beyond the technology sector, reinforcing its bullish outlook for equities. In a note to clients this week, the bank reiterated its expectation that the S&P 500 will climb to 8,000 and encouraged investors to “buy the momentum dip.” Earnings Season Continues to…
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Could Copper’s Tariff-Driven Rally Be Running Out of Steam?
Copper prices have surged to near-record levels as markets continue to price in the possibility of new U.S. import tariffs. The rush to move material into the United States has tightened global supplies and pushed physical market indicators higher, but any deviation from current tariff expectations could challenge the premium built into prices. Copper Near…
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UK Stocks Could Prove More Resilient Than U.S. Equities if AI Boom Unravels
The UK stock market may outperform its U.S. counterpart if the artificial intelligence-driven rally comes to an end, according to new analysis from Capital Markets. The research argues that the FTSE 100 is structurally better positioned than many global equity indices to withstand a sharp correction in AI-related stocks. Recent market performance appears to support…
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Weak July Jobs Report Eases Rate Fears as S&P 500 Sets a Record
Wall Street ended the week on a strong note Friday, with all three major indexes closing higher after a surprisingly weak July jobs report convinced investors that the Federal Reserve is unlikely to raise interest rates any time soon. The Labor Department said the economy lost 23,000 jobs in July, while the unemployment rate held…