Major U.S. market indexes were trading higher on Tuesday, fueled by continued optimism in anticipation of more corporate earnings and upcoming speeches by the Federal Reserve this week. Wall Street posted back-to-back days of gains on Monday. The S&P 500 was up 1%, the Nasdaq Composite was up 1.2% and the Dow Jones Industrial Average […]
U.S. stocks rose in early trading Monday, as investors increased bets for a September interest rate cut by the Federal Reserve following a weaker-than-expected April jobs report. Nonfarm payrolls data came in weaker than expected Friday’s weaker-than-expected nonfarm payrolls data could prompt the Federal Reserve to prepare for a rate cut later this year. Although the labor market is showing signs […]
Stocks rose on Friday, supported by better-than-expected results from Apple, although sentiment remained mixed ahead of key nonfarm payrolls data. Apple rises on earnings and share buybacks Apple (AAPL) rose 6% in pre-market trading after the company released results that exceeded prior expectations. The drop in revenue and profit was less severe than anticipated, even […]
On Thursday, stock index futures rose as investors digested Federal Reserve Chairman Jerome Powell’s comments ahead of Apple’s earnings release. Wall Street’s major indexes closed mixed yesterday, with the Dow Jones Industrial Average gaining about 0.2%, while the Nasdaq Composite and the S&P 500 each fell about 0.3%. Powell says next move will be a cut, though […]
U.S. markets declined on Tuesday as the rally in the technology sector appeared to lose steam ahead of the Federal Reserve’s latest meeting. Wall Street’s major indexes closed Monday with modest gains, continuing their upward trend over the last three sessions. However, they are set to post April losses of around 2.4% and 3.6%, due largely […]
U.S. stocks rose on Monday, buoyed by strong earnings from electric car maker Tesla ahead of the upcoming Federal Reserve meeting. Additionally, last week’s strong first-quarter earnings from tech giants Alphabet (GOOGL) and Microsoft (MSFT) sparked a tech industry rally, with momentum expected to continue this week. Earnings season continues This Monday marked the continuation […]
U.S. stocks gained momentum on Friday after new inflation data alleviated fears of rate cut delays, buoyed by stronger-than-expected earnings from tech giants Microsoft and Alphabet. PCE data in line with estimates Data released Friday showed that the personal consumption expenditures (PCE) price index rose 0.3% from March, as expected. In the 12 months through […]
U.S. stocks fell sharply on Thursday, weighed down by signs of slowing economic growth and disappointing second-quarter forecasts from technology giant Meta Platforms (META). U.S. GDP growth in the first quarter disappoints The U.S. economy grew by 1.6% in the first quarter on a year-over-year basis, according to data released on Thursday. This growth marks […]
U.S. stocks mostly rose on Wednesday, bolstered by positive results from Tesla, one of the market’s largest technology companies to report its first-quarter performance early. Wall Street buoyed by tech companies’ rally ahead of results from big names Tesla (TSLA) shares rose 12%, rebounding from a 15-year low hit earlier in the week, after the electric vehicle maker […]
U.S. stocks are pointing to a rally on Tuesday as investors digest a flurry of quarterly earnings ahead of the release of results from some of the country’s most prominent tech companies later in the week. The easing of concerns about a major conflict in the Middle East, following Iran’s lack of immediate response to Israel, has […]
