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Federal Reserve Decision Looming
The Federal Reserve is expected to cut interest rates on Wednesday after recent economic data showed slowing inflation and job growth. Traders are pricing in a 59% chance of a 0.5 percentage point rate cut.
Second Attempted Assassination on Trump
Former...
5 THINGS TO KNOW BEFORE THE STOCK MARKET OPENS
Boeing Faces Strike
Boeing (BA) shares are down 4% in premarket trading as over 30,000 members of its largest union, IAM, go on strike after rejecting a 25% pay hike offer, disrupting airplane assembly in the Pacific Northwest and California...
1. CPI Data Expected to Show Cooling Inflation
The August Consumer Price Index (CPI) report is due, with economists forecasting a 2.6% year-over-year rise, down from July's 2.9%. This cooling inflation could pave the way for the Federal Reserve to cut rates during its upcoming meeting.
2. Trump...
Apple Faces €14.4 Billion Tax Bill
The European Court of Justice has ordered Apple (AAPL) to pay €13 billion ($14.4 billion) in back taxes to Ireland, ruling that the company benefited from unfair tax breaks. This decision overturns a previous ruling and has led to a 1% drop in Apple’s premarket...
Stock Market Rebound:
Stock futures rose after a tough week where the S&P 500 saw its worst performance since 2023, dropping 4.3%. Investors await inflation data this week, which will influence the Fed's potential rate cut.
Norfolk Southern CEO Investigation
Norfolk Southern’s board is probing...
S&P 500's Losing Streak: The S&P 500 fell 0.3% on Thursday, continuing its losing streak with three consecutive down sessions. The Dow Jones dropped 0.54%, while the Nasdaq Composite gained 0.25%.
Upcoming Jobs Report: Wall Street is anticipating August’s jobs report, expecting an increase of...
Broadcom's AI Outlook in Focus for Q3 Results
Investors are closely watching Broadcom's (AVGO) quarterly results, particularly its AI-related updates. Broadcom is expected to announce Microsoft-backed OpenAI as a new AI chip customer. Revenue is projected to reach $13.04 billion, though net...
1. Nvidia Under DOJ Antitrust Investigation
Nvidia (NVDA) shares are down 2% in premarket trading following a report that the U.S. Department of Justice (DOJ) has served the company with a subpoena as part of an antitrust investigation. This follows a 10% drop in Nvidia's stock the previous day...
US Stock Futures Decline After Labor Day
U.S. stock futures are lower in premarket trading following the Labor Day weekend, with Nvidia (NVDA) shares leading the decline. Investors await key jobs data later this week, which could influence Federal Reserve interest rate decisions.
Intel to...
END OF AUGUST TRADING: Stock futures were up as the major indices approach the final trading day of August. The S&P 500 and Dow Jones are both up about 1.2% for the month, while the Nasdaq Composite is down nearly 0.5%, facing potential back-to-back monthly losses.
INFLATION GAUGE UPDATE: Wall...
Major Indexes See Pullback
On Wednesday, all three major U.S. stock indexes closed lower, with the Nasdaq Composite leading the decline at a 1.12% drop. The S&P 500 fell 0.6%, and the Dow Jones Industrial Average dipped 0.39%. Nvidia's 2.1% decline, as investors awaited its quarterly results...
MARKET PERFORMANCE:
All major indexes closed slightly higher on Tuesday, with the S&P 500 and Nasdaq Composite each gaining 0.16%, and the Dow Jones Industrial Average rising by 0.02%. The Dow achieved its second consecutive record close.
NVIDIA’S ANTICIPATED RESULTS:
Investors are focused on...
Dow Jones Hits Record High: The Dow Jones Industrial Average reached a new intraday record and closed up 65.44 points, despite the S&P 500 and Nasdaq Composite declining.
Apple CFO Replacement: Apple announced that its CFO, Luca Maestri, will be replaced by Kevan Parekh on January 1, 2025...
1. IBM Withdraws from China: IBM is reportedly closing its China R&D department, moving operations overseas as U.S. companies face increased scrutiny from Beijing. The move affects over 1,000 employees and marks another major U.S. company pulling back from China.
2. Nvidia's Q2 Results...
Reversing Course: Stock futures are up Friday after a down day, with the Dow Jones, S&P 500, and Nasdaq seeing losses on Thursday. The Nasdaq is slightly negative for the week, while the Dow and S&P are holding onto weekly gains.
Powell Speech: Federal Reserve Chair Jerome Powell will speak at...
Rate Rally: U.S. stock markets have been largely steady, with major indices rising on expectations of a Federal Reserve interest rate cut in September. Investors are closely watching Fed Chair Jerome Powell's upcoming comments at the Jackson Hole symposium.
September Rate Cut Expected: Minutes...
Market Pause: On Tuesday, the stock market rally slowed, with all major indexes slightly declining. The Dow Jones fell by 61.56 points, the S&P 500 dipped 0.2%, and the Nasdaq Composite dropped 0.33%. Investors are now awaiting the Federal Reserve's July policy meeting minutes.
Target's Strong...
Market Momentum Continues: The S&P 500 and Nasdaq Composite both recorded their eighth consecutive winning day, with gains of 0.97% and 1.39% respectively. The Dow Jones Industrial Average also rose by 236.77 points. Market volatility has decreased significantly since the beginning of August...
Market Gains: The S&P 500 and Nasdaq Composite secured six-day winning streaks, with the S&P up 1.61% and the Nasdaq up 2.34% on Thursday. The Dow Jones also rose 1.39%, marking three consecutive positive sessions. The market rebound, driven by positive economic data, continues to gain momentum...
Market Rebound: Stock futures rose on Thursday following a positive trading day on Wednesday for the major indexes, driven by encouraging U.S. inflation data. The Dow Jones gained 0.61%, the S&P 500 increased by 0.38%, and the Nasdaq Composite edged up by 0.03%. Inflation slowed to 2.9% in July...
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