LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA’s monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August’s survey, who have $413 billion in assets under management, said they thought…
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after a slew of companies cited higher duties in their earnings reports, and weaker-than-expected economic data dented their sentiment. All three major indexes ended in negative territory. The Dow Jones Industrial Average (DJI) declined 0.1% or 61.90 points to close at 44,111.74…
Are Tesla investors losing confidence in Elon Musk’s vision of the future? Or are they still inflating the company’s value based on their faith in the cofounder? For the past several quarters after Tesla has unveiled earnings, I’ve been calculating a metric that I’ve dubbed The Musk Magic Premium. The figure estimates both the portion…
Artificial intelligence (AI) has transformed everything from customer service to research, so naturally, investors are curious whether AI can crack the code on stock market predictions. With ChatGPT’s vast knowledge base and analytical capabilities, GOBankingRates put it to the test by asking what the stock market might look like 100 days from now. Be Aware:…
A top Wall Street economist is sounding the alarm on sky-high valuations in AI stocks — and drawing comparisons to the tech bubble of the late 1990s. “Yes, AI will do incredible things for all of us,” Torsten Sløk, chief economist at Apollo Global Management, said on Yahoo Finance’s Opening Bid. “But does that mean…
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Big Tech stocks surged for a second day on Wednesday with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) surged more than 5% Wednesday, leading the way after its CEO Elon Musk said late Tuesday his time spent…
Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) jumped as much as 7% early Wednesday before paring gains, while Amazon (AMZN) and Meta (META) rose around 7% and 6%,…
Among the “Magnificent Seven” Big Tech stocks, Apple (AAPL) and Nvidia (NVDA) have found themselves at the forefront of Trump’s trade war. This week, for better and worse. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2 is one of the more salient examples of how investors are battling…
Gold surged to a fresh all-time high on Monday, driven by investor anxiety over rapidly shifting US trade policy, before paring back gains, before pulling back slightly. Bullion briefly traded above $3,245 an ounce, surpassing Friday’s previous record. The rally extended a strong run for the precious metal, which rose more than 6% last week,…