Concentrated tech strength is powering a market that is otherwise flashing signs of falling consumer health, according to Josh Brown, CEO of Ritholtz Wealth Management. Concerns around the market are mounting as artificial intelligence-related capex spending and strong corporate earnings — notably from Meta and Microsoft reports this week — fuel record gains for just…
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and…
You can’t be cool in this market if you’re not in tech. Stocks are set for a strong day thanks to major post-earnings surges in Big Tech names Microsoft and Meta Platforms . The former is trading more than 8% higher before the open, putting it on pace for its market cap to top above…
My top 10 things to watch Thursday, July 31 1. Microsoft joined the $4 trillion club after reporting an incredible acceleration of business , especially from its AI digital assistant Copilot and its Azure cloud division. It was an extraordinary quarter, so much better than six months ago. It was actually constrained by not enough…
Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters Stock futures rose Thursday following solid earnings reports from tech giants Microsoft and Meta Platforms. S&P 500 futures jumped 0.9%, and Nasdaq 100 futures climbed 1.31%. Futures tied to the…
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no…
The market is soon entering a period in which there historically have been no moves to the upside on average. Data from Wolfe Research this week finds that the S & P 500’s monthly total return for August and September since 1990 has averaged a decline of 0.3% and 0.7%, respectively. That’s in stark contrast…
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…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters S&P 500 futures are near flat Tuesday night, after the benchmark snapped a win streak that brought it to record highs, as investors analyzed earnings reports and awaited the Federal Reserve’s…