ADVFN US – Market Content Editor
-
U.S. Stocks Close Mixed Following Late-Day Recovery
Stocks spent most of Wednesday’s session in the red but staged a notable recovery attempt going into the close of trading. The Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) bounced well off their worst levels and into positive territory, although the tech-heavy Nasdaq (NASDAQI:COMP) still closed lower for the third straight session. While the Nasdaq…
-
Nvidia Shatters Expectations: Reports Staggering 265% Yearly Revenue Surge and Breakthrough in Generative AI Demand
The semiconductor giant Nvidia (NASDAQ:NVDA) recently reported revenue of $22.1 billion for the 4th quarter ended January 2024, an increase of 22% from the previous quarter and 265% over the same period last year. For the quarter, diluted earnings per share were $4.93, up 33% from the previous quarter and 765% from the previous year.…
-
FOMC Minutes Reveal Inflation Concerns and Rate Cut Caution, Impacting Market Indices and Treasury Yields
Some members of the Federal Open Market Committee (FOMC) pointed out that inflation progress in the United States could “stagnate,” and highlighted the risks of cutting interest rates “too quickly,” according to the minutes of the January decision, published on Wednesday afternoon. “The majority of Fed members noted the risks of easing interest rates too…
-
Palo Alto Networks Stocks Plummet, Teledoc Also Weak
Shares of Palo Alto Networks (PANW) are plummeting in pre-market trading after the cybersecurity company reported better than expected fiscal second quarter results but lowered its forecast for full-year revenue growth. Online healthcare company Teledoc (TDOC) is also seeing substantial pre-market weakness after reporting fourth quarter revenue that missed analyst estimates and providing disappointing guidance.…
-
Twenty-Year Bonds Auction Results Due
Federal Reserve Board Governor Michelle Bowman is due to participate in a discussion, “A View from the Federal Reserve,” before an Exchequer Club luncheon at 1 pm ET. Also at 1 pm ET, the Treasury Department is scheduled to announce the results of this month’s auction of $16 billion worth of twenty-year bonds. The Federal…
-
Anxiety Ahead Of Fed Minutes, Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the losses posted in the two previous session. The downward momentum on Wall Street reflects lingering concerns about the outlook for interest rates ahead of the release of the minutes of the latest Federal Reserve…
-
Key Market Movement: Nvidia Earnings Stir Market Excitement, Fed Minutes Awaited, and HSBC Faces Sharp Decline
Good morning. As the market buzzes with excitement for Nvidia’s earnings, the Federal Reserve is set to release its latest meeting minutes, and HSBC experiences a significant drop in shares. Here are the key market movements today. Spotlight on Nvidia Dubbed by Goldman Sachs’ trading desk as the “most critical stock on the globe,” Nvidia…
-
Wall Street Brokers Embrace 0DTE Options Craze Amid Rising Market Volatility Concerns
Despite concerns over its contribution to market volatility and being viewed as speculative excess, the surge in equity options with zero days to expiration (0DTE) has caught the attention of Wall Street brokers, leading to the rollout of innovative strategies to capitalize on this trend. Options AI has seen its trading volumes double following the…
-
Market Shifts: Upgrades and Downgrades Sweep Across Tech, Finance, and Healthcare Stocks
In a flurry of rating adjustments, Morningstar has revised its evaluations for several prominent companies, reflecting the evolving market landscape and company-specific prospects. Airbnb, Inc. experiences mixed revisions as Morningstar shifts from a sell to a hold, then to a sell from a hold, with price targets moving from $132 to $137 and back. Akamai…
-
S&P Futures Dip as Market Awaits Federal Reserve Meeting Minutes and Nvidia’s Quarterly Results
March S&P 500 E-Mini futures (ESH24) are showing a downward trend of -0.14% this morning as market participants await the release of the Federal Reserve’s January policy meeting minutes while also looking forward to the quarterly results from chip manufacturer Nvidia. On Tuesday’s trading session, major Wall Street indices closed in the red, with the…