Super Micro Computer Inc. SMCI stock surged nearly 9% in after-market hours trading after the company received an extension from Nasdaq to file its overdue annual and quarterly reports by Feb. 25. What Happened: The AI server manufacturer, known for its advanced liquid cooling technology, has been under scrutiny since August when it delayed its annual…
U.S. stocks could open on a negative note on Tuesday after the averages maintained a cautious stance last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. Economic data and Federal Reserve chair Jerome Powell’s comments about the future of rate cuts dampened the…
U.S. stock indices closed lower on Wednesday, as the Dow Jones Industrial Average slipped 0.2% to 42,141.54, while the S&P 500 edged down 0.3% to 5,813.67. The Nasdaq saw a steeper decline, falling nearly 0.6% to 18,607.93. The U.S. economy expanded by 2.8% in the third quarter, missing expectations of 3% growth, while the ADP…
The current bull market has officially hit its two-year milestone, overcoming recession fears, elevated interest rates, and persistent skepticism. Since bottoming out on October 12, 2022, the S&P 500 has soared 63%, driven by a resilient economy and impressive corporate earnings. Gains have been further amplified by optimism around productivity and breakthroughs in artificial intelligence….