The sharp drop in US stocks in October erased all the gains made earlier in the month, with tech heavyweights leading the sell-off. The S&P 500 ended down 1.9 percent, while the Nasdaq Composite closed 2.8 percent lower on the final trading day of the month. Big Tech companies like Microsoft and Meta experienced significant … Read more
Investing.com– U.S. stocks experienced a slight decline on Wednesday, largely due to a disappointing growth update. However, the losses were mitigated by a surge in Alphabet, the parent company of Google, following strong quarterly earnings. At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average fell 32 points, or 0.1%, the S&P 500 index dropped … Read more
Investing.com – European stock markets saw a slight decline on Wednesday as investors analyzed more quarterly earnings results and awaited regional growth data as well as the UK budget. At 04:15 ET (08:15 GMT), the DAX in Germany traded 0.4% lower, the CAC 40 in France fell 0.8%, and the FTSE 100 in the U.K. … Read more
Apple (AAPL), Microsoft (MSFT), Google-parent Alphabet (GOOGL), Amazon.com (AMZN) and Meta Platforms (META) all report in a three-day span next week. The results from these S&P 500 giants have huge implications for investors and the stock market rally. This group of five mega-cap companies, also known as the Magnificent Seven stocks, collectively have a market … Read more
Artificial intelligence chip stocks saw a rise on Friday due to positive reports from Wall Street analysts, with Nvidia (NVDA) stock being one of the gainers. BofA Securities analyst Vivek Arya expressed strong support for a portfolio of AI chip stocks, highlighting a “generational capex cycle in generative AI infrastructure.” Arya mentioned that the data … Read more
The recent surge in stock price follows a significant drop to an all-time low of $12.15 on Sept. 23, with the stock now trading at $36.30 per share. Trump Media and Technology Group (TMTG) is the holding company that owns Truth Social, the social media platform founded by former President Donald Trump after being banned … Read more
Scotiabank, also known as The Bank of Nova Scotia, is currently navigating a complex financial landscape as it implements strategic changes and faces challenges within the industry. Being Canada’s third-largest bank in terms of deposits and market capitalization, Scotiabank’s performance is closely monitored by investors and analysts alike. This comprehensive analysis delves into the bank’s … Read more
BMO Capital Markets recently released its 2024 election guide, analyzing how different sectors of the stock market may be impacted depending on the outcome of the White House race. The firm focused on factors such as tariffs, regulation, immigration, taxation, and socially conscious business frameworks. While they are not predicting the election outcome, BMO shared … Read more
Several companies made headlines in after-hours trading, with Texas Instruments standing out as it saw a 2% increase. The semiconductor company reported third-quarter earnings of $1.47 per share on revenue of $4.15 billion, surpassing analysts’ expectations of $1.38 per share and $4.12 billion in revenue. Seagate Technology, a data storage company, saw a 3.6% dip … Read more
(Bloomberg) — Asian stocks and bonds are facing a second consecutive day of declines as investors reassess their expectations for Federal Reserve interest rate cuts for the remainder of the year. The MSCI AC Asia Pacific Index dropped by as much as 1.1%, with Australian and Japanese benchmarks falling while Chinese markets saw gains. This … Read more