Some overbought stocks could face pressure in the near term, especially after a record-setting week on Wall Street. The S & P 500 touched a fresh all-time high Friday as traders mounted bets the Federal Reserve will cut rates following a lackluster August jobs report . That enthusiasm turned to worry quickly, however, as the…
The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak…
Alphabet and Google CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk at Google for Startups in Warsaw, Poland, on February 13, 2025. Klaudia Radecka | Nurphoto | Getty Images From the courtroom to the boardroom, it was a big week for tech investors. The resolution of Google’s antitrust case led to sharp rallies…
US President Donald Trump during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. Will Oliver | Bloomberg | Getty Images President Donald Trump on Friday threatened to launch a trade investigation to “nullify” what he said were discriminatory fines being…
My top 10 things to watch Friday, Sept. 5 1. President Donald Trump meets, touts, and tortures. During a dinner at the White House Thursday night with more than two dozen tech execs, Trump again warned he would soon impose “fairly substantial” semiconductor tariffs without indicating how they will work or what it means. Apple…
Broadcom on Thursday evening reported a strong quarter and a solid guide. But the stock really got going after CEO Hock Tan talked about $10 billion in custom AI-related orders from a new customer. Revenue in the fiscal 2025 third quarter, which ended Aug. 3, increased 22% year over year to $15.95 billion, ahead of…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) -A wan, unconvincing bounce attempt from Tuesday’s stumble, but with enough pep in Mag 7 names to support the broad indexes. -The pops in Alphabet and Apple after a favorable antitrust ruling –…
Bank of America grew more optimistic on Alphabet and Apple after the Google search operator avoided a major breakup in an antitrust case. Analysts at the bank raised their price target on the Google parent to $252 per share from $217, signaling 19% upside. As for Apple, they see the stock rising to $260 from…
It’s been 100 trading days since the S & P 500 reached its post “liberation day” closing low. The gains have been astonishing. The benchmark index is up nearly 29% in that time. Since 1950, there have been just four instances in which the S & P 500 has seen a larger return over a…
My top 10 things to watch Wednesday, Sept. 3 1. Google will not have to divest its Chrome browser as a remedy to the search monopoly ruling, nor will it be banned from making payments for default placement on other firms’ devices. Big win for Google. Why did it happen? Because of the rise of…