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…
The US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&P 500 indices falling by nearly 0.6% respectively. The Dow also traded down by 0.5% to 43,750.86. This came amidst news of a 0.2% rise in U.S. producer prices for October. Federal Reserve Chair Jerome Powell highlighted the…
The U.S. stock market displayed a robust performance today, with the Dow Jones index soaring by over 300 points. The NASDAQ and the S&P 500 indices also posted gains, rising by almost 0.1% and 0.1% respectively. Cryptocurrency stocks were in focus on Monday as Bitcoin BTC/USD moving past the $87,000 mark to touch a new…
President-elect Donald Trump‘s pro-business policies could potentially drive the stock market to unprecedented levels, according to Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania. What Happened: Siegel, speaking on CNBC’s “Squawk Box,” suggested that Trump’s policies could have a significant impact on the stock market. “President-elect Trump is the…
The U.S. stock market experienced a slight downturn on Monday, with the S&P 500 index dipping approximately 0.3%. The Dow Jones Industrial Average fell 0.6% to 41,794.60, while the NASDAQ Composite Index declined 0.3% to 18,179.98. These are the top stocks that gained the attention of retail traders and investors throughout the day: Palantir Technologies…
The United States has announced a ban on investments in China’s semiconductor and AI sectors, potentially affecting Tesla Inc. TSLA and its operations in the region. What Happened: The Biden administration will prohibit U.S. investments in China’s semiconductor, quantum, and AI technologies starting Jan. 2. This move aims to prevent American capital from enhancing China’s…
Tesla Inc. TSLA CEO Elon Musk on Saturday reflected on the company’s stock jump over the past week, terming it a “rollercoaster.” What Happened: “The stock market is wild, sort of rollercoaster. I think Warren Buffett has a lot of good sayings. One is, ‘Having a publicly traded company is like having someone stand outside…
U.S. markets ended Thursday with mixed performance: the Dow Jones Industrial Average climbed 0.4% to 43,239.05, the S&P 500 held steady at 5,841.47, and the Nasdaq inched up by 0.04% to close at 18,373.61. These are the top stocks that gained the attention of retail traders and investors throughout the day: Netflix Inc. NFLX Netflix…
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….
Friday’s trading session saw another robust rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average both reaching new record highs, fueled by better-than-expected third-quarter earnings from major U.S. banks. The S&P 500 surged past 5,800 points, while the Dow Jones Industrial Average climbed above 42,800. Leading the charge were top U.S….