Investors on Wednesday got some strong earnings as well as new data showing the U.S. economy is still rocking despite uncertainty around tariffs. Wall Street didn’t seem to care. Stock futures were about flat after the government reported U.S. gross domestic product expanded at a 3% annual rate in the second quarter. That was well…
My top 10 things to watch Wednesday, July 30 1. Wall Street is on pace for a flat open ahead of a busy day for the market. Federal Reserve decision at 2 p.m. ET followed by Chair Jerome Powell’s press conference a half hour later. After the close, we hear from Club names Meta Platforms…
Concerns over Novo Nordisk’s growth path is leading Bank of America to step to the sidelines. The bank downgraded the Danish pharmaceutical giant to neutral from buy and decreased its price target to $60. That updated target still implies more than 11% upside from Tuesday’s close. “We have a Neutral rating on Novo Nordisk given…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks were slightly lower Tuesday morning, giving up some of the modest gains seen earlier in the session. Even when the S & P 500 was in the green,…
My top 10 things to watch Tuesday, July 29 1. Novo Nordisk shares sank more than 20% this morning after the maker of Ozempic cut its full-year guidance and named a new CEO. The company cited “persistent use of compounded GLP-1s.” Club name Eli Lilly , which competes with Mounjaro and Zepbound, saw its stock…
Equity investors are borrowing aggressively to buy stocks in a sign of market exuberance, according to Jim Reid, head of macro and thematic research at Deutsche Bank. Margin debt is measured when an investor borrows cash against the stocks he owns in order to buy more shares. The level of margin debt accumulated on the…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are relatively muted on Monday, with the S & P 500 giving up modest earlier gains and turning lower. If the broad index squeezes…
The stock market could keep rising to new heights this summer, at least until the big test of Nvidia ‘s earnings due at the end of August, according to the JPMorgan trading desk. The Wall Street firm said it remains “tactically bullish” even after the 30% rebound in the S & P 500 off its…
My top 10 things to watch Monday, July 28 1. President Donald Trump announced a trade pact with the European Union that included a pledge to invest $600 billion into the U.S. Not as big as thought. Tariff of 15% on most EU imports, though the 50% tariff on steel is still in place. 2….
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters U.S. equity futures rose on Sunday evening as Wall Street prepared for an especially busy week that’ll bring earnings from several major tech companies, a key Federal Reserve meeting, President Donald…