Wall Street on Friday notched a new intraday all-time high, while U.S. Treasurys rallied, as traders returned from a mid-week holiday to receive a nonfarm payrolls report that further supported the case for Federal Reserve interest rate cuts. Markets were shut on Thursday due to Independence Day. The benchmark S&PContinue Reading
Nikada The earnings growth premium earned by the biggest stocks within the S&P 500 (SP500) is expected to narrow through 2026, said Tony Pasquariello, global head of hedge fund coverage and global markets division at Goldman Sachs, in a markets/macro note. In 2023, the annual earnings growth by the fiveContinue Reading
Vertigo3d The S&P 500 (SP500) should see market breadth broadening through the end of the year and the beginning of next year, a Wells Fargo Market Commentary note said. Only four stocks — Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), and Alphabet (GOOG) — are responsible for over 52% of theContinue Reading
U.Today – The second largest liquidation event in the history of the cryptocurrency market is here. Almost $700 million worth of long orders were destroyed overnight after plummeted below $55,000. Unfortunately, we will not see as quick of a recovery as in the past. A cascade effect is observed onContinue Reading
Choreograph/iStock via Getty Images Traders are enjoying a mid-week break in the U.S., with stock markets – including the NYSE and NASDAQ – closed in observance of Independence Day. The bond market and U.S. commodities markets, including gold and oil futures, will also be closed on Thursday. What’s open? FuturesContinue Reading
U.Today – Amid an ongoing sell-off on the cryptocurrency market, Michael Saylor, a prominent advocate and chairman of MicroStrategy, has made a statement on X (Twitter) that resonated across the crypto space: “Just Bitcoin.” This two-word tweet comes as the crypto market faces significant liquidations, with Bitcoin’s price falling. Bitcoin,Continue Reading
Wall Street’s benchmark S&P 500 (SP500) gauge on Wednesday scaled a new intraday all-time high, after fresh economic data supported a scenario where the Federal Reserve would be able to start easing monetary policy. Traders will see a truncated session ahead of the Independence Day holiday, with equity and bondContinue Reading
Justin Sullivan/Getty Images News Tesla (NASDAQ:TSLA) moved up 2.4% in premarket trading on Wednesday to add to Tuesday’s gain of 10.2%. The electric vehicle stock was jolted by a better-than-feared Q2 deliveries report from Tesla (TSLA) and growing enthusiasm for the Robotaxi event on August 8. Wedbush Securities boosted itsContinue Reading
omersukrugoksu/iStock via Getty Images U Power Limited (NASDAQ:UCAR) announced on Wednesday that it had signed a memorandum of understanding with Pattaya AI Terminal to jointly drive the strategic development of green logistics and electric vehicle infrastructure in Thailand. The company expects the joint venture will provide electrified solutions for Thailand’sContinue Reading
U.S. stocks on Tuesday struggled for traction, as market participants digested some conflicting signals. Strong labor market data countered dovish comments on inflation from Federal Reserve chair Jerome Powell. Wall Street’s three major averages have seesawed in the second trading session of H2 2024. The tech-heavy Nasdaq Composite (COMP:IND) wasContinue Reading
