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Flat Market:
The S&P 500, Nasdaq, and Dow Jones showed minimal gains amid rising tensions in the Middle East.
Energy stocks outperformed as oil prices surged due to Iran's missile attack on Israel.
OpenAI Valuation:
OpenAI closed a funding round valuing the company at $157 billion.
Investors...
1. Stock Market Decline
Stocks retreated on Tuesday due to heightened tensions in the Middle East.
The Dow dropped 173 points, while the S&P 500 and Nasdaq fell 0.93% and 1.53%, respectively.
Tech stocks, including Tesla, Nvidia, and Apple, experienced sharp declines.
2. Missile Attack on...
Final Trading Session: Stocks are entering the last trading day of September, with the S&P 500 up nearly 1.6%, the Dow Jones up 1.8%, and the Nasdaq up 2.3% for the month. This session also marks the close of the third quarter.
Port Strike: Port workers along the East and Gulf Coasts are set to...
1. S&P 500 Returns to Record Levels
The S&P 500 hit a new intraday and closing high on Thursday, with a 0.4% gain. The Dow Jones and Nasdaq Composite both rose 0.6%. Key economic data releases, including U.S. personal income and consumer sentiment, are expected sentiment
2. Election...
Market Retreat: The Dow Jones Industrial Average and S&P 500 retreated from recent highs, with the Dow falling 0.7% and the S&P decreasing by 0.19%. Despite this, the tech-heavy Nasdaq Composite managed a slight gain of 0.04%.
Meta's New Devices: Meta CEO Mark Zuckerberg unveiled a new virtual...
Market Gains
The S&P 500 and Dow Jones Industrial Average reached record highs, with the S&P up 0.25%, the Dow rising 83.57 points, and the Nasdaq climbing 0.56%, driven by Nvidia's stock surge.
Consumer Confidence Drops
U.S. consumer confidence fell to 98.7, its biggest one-month decline in...
China Unveils Broad Stimulus Package
China implemented new monetary measures to boost its struggling economy, including cutting interest rates and announcing 800 billion yuan ($114 billion) in liquidity to support the stock market. Crude oil prices rose, and Alibaba's ADRs gained 5% in premarket...
Rate Relief: Investors celebrated the Federal Reserve's recent interest rate cut, with the Dow closing at a record high on Friday. The market is now focused on the Fed's next move, which could involve another rate cut in November.
Government Shutdown Watch: Congress faces a week to pass a...
U.S. Stock Futures Decline Ahead of "Triple Witching":
U.S. stock futures are mostly lower as investors prepare for "triple witching," a day when stock options, index options, and index futures expire, which often increases trading volume and volatility. This follows a record high close for the...
Market Volatility: Stock markets experienced a volatile session on Wednesday, reacting to the Federal Reserve's decision to cut interest rates by 50 basis points.
Federal Reserve Rate Cut: The central bank, led by Chair Jerome Powell, aimed to calm fears about the economy following this...
1. Ready for Fed
Markets are awaiting the Federal Reserve’s interest rate decision. The S&P 500 and Dow Jones hit record highs but ended slightly lower. The Fed is expected to cut rates, but the extent—whether a 25-basis-point or 50-basis-point cut—remains uncertain.
2. Rate Expectations
The...
1. Dow Jones Hits New Record:
The Dow Jones Industrial Average reached an all-time high, gaining 228.30 points (0.55%).
The S&P 500 remained near its high, closing at 5,633.09.
Nasdaq fell, with Nvidia and Apple facing declines, including a 2.8% drop for Apple.
2. Amazon Changes Work Policy...
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...
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