OK, let’s try this again: pre-market futures are up half a percentage point or more at this hour, with the Dow +259 points, the S&P 500 +34, the Nasdaq +122 and the small-cap Russell 2000 +20 points. You’ll of course recall we were in a similar position yesterday, only to see the strong open to…
Strategy’s first billion-dollar payment on its convertible debt may come due in September 2027 now that shares of the biggest corporate bitcoin owner have tumbled below the conversion price, erasing the equity incentive for bondholders. MSTR stock continued to fall early Friday as bitcoin hit a seven-month low before cutting some losses amid rising odds…
Nvidia’s NVDA beat-and-raise quarterly results have eased the market’s AI-centric worries for now, but the issue is unlikely to go away completely. The chipmaker has been a big beneficiary of the ongoing AI-focused spending surge, as it is Nvidia’s graphics processing units that are running the datacenters. The stock has lost ground as the aforementioned…
Thursday was a bizarre day in the stock market. Investors are still scratching their heads over what caused a sudden and dramatic reversal around midday after a morning of solid gains, but there might be some clues in the latest bout of bitcoin selling. The Dow was up as much as 700 points in Thursday’s…
Investors went for a wild ride Nov. 20 as the U.S. stock market dramatically fluctuated throughout the day. Nvidia reported strong earnings Nov. 19, offering investors a boost of confidence and temporarily calming concerns of an AI bubble. However, according to CNN Business, the relief was short lived, with stocks taking a dive in the…
Nvidia’s (NVDA) latest earnings were undeniably strong, but the stock’s reaction told a different story. After an initial jump, the gains faded and the shares drifted back toward their pre-earnings levels, a pattern that often appears once the headline numbers are fully absorbed. And when a mega-cap settles into a post-catalyst phase, the trading range can…
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. The positive sentiment followed comments from New York Federal Reserve President John Williams, a voting member of the rate-setting Federal Open Market Committee (FOMC), who indicated he sees room for further…
Key Takeaways Tech stocks slumped this week as investors’ skepticism about the AI rally overpowered another strong earnings report from Nvidia, though many experts are optimistic that earnings growth will bring investors back. Federal Reserve officials, meanwhile, are deeply divided about what to do at their policy meeting next month, adding uncertainty to an already…
The Dow Jones Industrial Average shined as the broader stock market fought back from losses Friday, but major indexes still suffered weekly losses. Delayed retail sales data and earnings from Chinese e-commerce giant Alibaba (BABA) are among the noteworthy events set for the shortened Thanksgiving week ahead. The Nasdaq composite lagged the other major indexes…
Key Takeaways Oracle’s stock has plunged since hitting an all-time high in September as the company has become a poster child for growing investor concerns that an AI bubble has formed. The company is enmeshed in the web of deals linking different parts of the AI complex together, which means that its pain could be…