Market Rebound The stock market made a strong rebound today, recovering all of yesterday’s losses and more. The initial gains had no specific news catalyst, but the situation changed in the early afternoon. Bloomberg reported that Treasury Secretary Bessent expects a de-escalation in the China tariff situation, sparking hope for a resolution to the U.S.-China…
Market Overview The major indices closed with losses: S&P 500 decreased by 0.5%, Nasdaq Composite fell by 0.7%, and Dow Jones Industrial Average dropped by 0.5%. The Russell 2000 underperformed, declining by 1.3%. The market showed a downside bias, with decliners outnumbering advancers by a 3-to-1 margin at the NYSE and a 5-to-2 margin at…
Alphabet’s (GOOGL, Financials) Google has requested the U.S. Court of Appeals for the Ninth Circuit to reverse a jury decision and a judge’s order to reform its Google Play app store, alleging the trial court made key legal mistakes. The company filed its detailed appeal on Wednesday, challenging the ruling issued by U.S. District Judge…
US stock futures slipped on Tuesday as investors absorbed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) to lead in the week’s Big Tech results, seen as key to any future stock rally. Dow Jones Industrial Average futures (YM=F) edged down 0.2%, coming off a sharp gain as all the gauges closed…
The minutes from the Federal Reserve’s September meeting, released Wednesday, offer additional insight into the central bank’s decision to cut its benchmark rate by 50 basis points. Alphabet (GOOG, GOOGL) shares are slipping after the Justice Department indicated it may want to break Google up. KinderCare Learning Companies (KLC) saw its stock rise in its…
The social media arena is very competitive when it comes to app store downloads. Recent trends show major wins for Meta in regards to Threads and Facebook. Another winner is Snapchat. Here’s a look at 3 major highlights of overarching trends. We discuss each further below. Meta’s family of Apps are on fire: 177m downloads…