(Bloomberg) — Wall Street forecasters are rushing to boost their outlook for the S&P 500 (^GSPC) as robust corporate earnings and renewed enthusiasm around artificial intelligence fuel a record-breaking rally. Deutsche Bank AG strategist Binky Chadha raised his year-end target for the US benchmark to 7,000 points, implying gains of more than 7% from current…
US stock futures traded mixed on Thursday as Nvidia (NVDA) shares fell, after the AI chipmaker’s earnings beat was overshadowed by weaker-than-expected data center revenue. Dow Jones Industrial Average (YM=F) rose 0.2%. Those on the S&P 500 (ES=F) were little changed, wheil contracts on the tech-heavy Nasdaq 100 (NQ=F) tipped 0.1% lower. Nvidia earnings beat…
Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant’s shares were poised to drop as costs from Trump’s tariffs cut into profits. The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target….
(Bloomberg) — A record share of fund managers see US stocks as too expensive after the sharp rally since April lows, according to a monthly survey by Bank of America Corp. Most Read from Bloomberg About 91% of participants indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001….
Disney (DIS) said late Tuesday that ESPN has reached a preliminary agreement with the NFL to acquire media assets including NFL Network, NFL RedZone, and NFL Fantasy in exchange for a 10% equity stake. The new partnership aims to broaden the reach of NFL content through Disney’s expanding streaming footprint. ESPN plans to integrate NFL…
By Nikhil Sharma and Pranav Kashyap (Reuters) -S&P 500 and Dow futures climbed on Wednesday, as investors assessed a fresh round of corporate earnings, while renewed optimism that the Federal Reserve will soon deliver long-awaited interest rate cuts kept markets buoyant. At 6:59 a.m. ET, S&P 500 E-minis were up 14.25 points, or 0.23%, Nasdaq…
After a 7.85% post earnings pop on Tuesday, Palantir (PLTR) looks to be holding onto gains pre-market despite mixed results out of Advanced Micro Devices (AMD) last night. It’s going to be hard to shake the Palantir bulls in the near-term. Palantir had the type of shocking quarter than ignited the Nvidia trade more than…
(Reuters) -Wells Fargo Investment Institute on Tuesday downgraded U.S. small-cap equities to “unfavorable” from “neutral”, pointing to its heavy tariff exposure, elevated interest rates and weak earnings record. The broader U.S. equity market has rebounded on easing trading tensions and strong corporate earnings since hitting its lows in April following Trump’s “Liberation Day” tariffs. However,…
Pedro Goncalves writes: Shares in American Eagle Outfitters were higher in pre-market trading and closed 23% higher on Monday after US president Donald Trump complimented the retailer’s marketing campaign with actress Sydney Sweeney. “Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there,” Trump wrote in a post on Truth Social, the social media…
The stock market is at record highs as investors brace for what’s expected to be the busiest week of the summer on Wall Street. The S&P 500 (^GSPC) notched a record close in each of the past five trading sessions, rising about 1.5% for the week. The tech-heavy Nasdaq Composite (^IXIC) rose about 1.3% and…