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All articles tagged with #stock market news

stock-market-news1 year ago

Tech Stocks Plunge Amid China Trade Curbs and Earnings Woes

US stock futures, particularly the tech-heavy Nasdaq 100, are set to decline sharply due to concerns over potential US export curbs on China and Donald Trump's comments on Taiwan. The Biden administration is considering tougher restrictions on advanced chip technology exports to China, affecting companies like Nvidia and ASML. Additionally, Trump's stance on Taiwan has impacted TSMC's shares. Despite these pressures, strong corporate earnings and upcoming economic data could influence market sentiment.

via Yahoo Finance|
#china#export-curbs#nasdaq
stock-market-news1 year ago

"Nvidia Stock Sees Notable Movement on Tuesday"

Nvidia's stock continues to rally in 2024 amid AI enthusiasm, surging 167% year-to-date. Despite this, DNB Asset Management has trimmed its Nvidia holdings while increasing stakes in Apple, Tesla, and Intel. Nvidia is also under investigation by the French competition authority for alleged anti-competitive practices. NYU Professor Aswath Damodoran has expressed skepticism about Nvidia's valuation and profitability.

via Benzinga|
#ai#antitrust-investigation#dnb-asset-management
stock-market-news1 year ago

Arm Targets 50% PC Market Share in Five Years, Qualcomm CEO Confirms

Arm Holdings aims to capture over 50% of the Windows PC market within five years, driven by Microsoft's plans to launch AI-enhanced PCs using Arm's technology. Despite a recent 5% gain, Arm's stock traded 1% lower on Tuesday. Analysts are optimistic about Arm's potential in AI and datacenter markets, with CEO Rene Haas targeting 100 billion AI-ready devices by 2025.

via Yahoo Finance|
#ai-technology#arm-holdings#microsoft
stock-market-news1 year ago

"Nvidia Stock Split 2024: What Investors Should Know"

Following the stock split announcements by Walmart and Chipotle, Nvidia has also announced a 10-for-1 stock split, set for June 10. Historically, stocks that split tend to perform well, and Nvidia's strong performance and strategic positioning in the AI market suggest it could follow this trend. The stock split reflects management's confidence in continued growth, similar to the recent successful splits by Walmart and Chipotle.

via Yahoo Finance|
#chipotle#investment#nvidia
stock-market-news1 year ago

Nvidia Announces 10-for-1 Stock Split, AI Stock May Follow

Nvidia announced a 10-for-1 stock split set for June 2024, following strong financial results driven by high demand for its AI-related products. The split will not change the value of individual investments but reflects Nvidia's robust market position and growth prospects. ServiceNow, another AI-focused company, is highlighted as a potential candidate for a stock split due to its significant share price appreciation and strong market presence in IT and AI software.

via The Motley Fool|
#ai#market-growth#nvidia
stock-market-news1 year ago

AMC Stock Surges Despite Mixed Investor Sentiment

AMC Entertainment shares are down 7.99% today despite being up nearly 50% over the past month, driven by a brief return of Keith Gill ("Roaring Kitty") to social media. Jim Cramer advised taking profits, and disappointing Memorial Day box office results have impacted the stock. Analysts have a neutral view on AMC, with some predicting a significant fall in the coming year.

via Benzinga|
#amc-entertainment#box-office#jim-cramer
stock-market-news1 year ago

Verastem Stock Surges Over 50% on Positive Pancreatic Cancer Drug Data

Verastem (VSTM) stock plummeted by 62% following the release of clinical trial data for its metastatic pancreatic cancer treatment, which revealed serious adverse events in 12 patients, including 11 with grade ≥3 events. Despite initial positive results, the safety concerns led to heavy trading and a significant drop in stock value.

via InvestorPlace|
#adverse-events#clinical-trial#stock-drop
finance2 years ago

Stock Market Volatility: US Futures React to Surging Treasury Yields and Powell's Influence

US stock futures are attempting to rebound from a selloff as Treasury yields continue to rise and investors await a speech by Federal Reserve Chair Jerome Powell. The benchmark 10-year yield is closing in on reaching 5% for the first time in 16 years, putting pressure on stocks. Investors are also watching for the impact of elevated interest rates on corporate performance during earnings season. Netflix shares surged after reporting a rise in subscribers, while AT&T raised its annual free cash flow forecast. Peloton announced a partnership with the NBA and WNBA, and Nokia plans to cut up to 14,000 jobs to reduce costs.

via Yahoo Finance|
#earnings-season#federal-reserve#finance
finance2 years ago

"Earnings Optimism Boosts Dow Futures Amid Middle-East Tensions and Tough Times for US Banks"

Dow futures rose amid Middle-East tensions as investors monitored US efforts to contain the Israel-Hamas conflict and prepared for a busy week of corporate earnings. Earnings reports from Goldman Sachs and Bank of America are due Tuesday, while updates from Tesla and Netflix are expected on Wednesday. Investors remain focused on the Middle East crisis and the potential for a full-blown regional conflict that could impact oil prices and global recession risks. Meanwhile, gold and bond prices fell, attracting investors seeking safe havens.

via Yahoo Finance|
#corporate-earnings#dow-futures#finance
finance2 years ago

Mixed Expectations for CPI Inflation Update: Stock Market Reacts

US futures rose as investors awaited the release of the Consumer Price Index (CPI) report, which could influence the Federal Reserve's decision on interest rates. The stock market had its fourth consecutive winning session on Wednesday despite higher-than-expected wholesale inflation data. The CPI report is crucial for the Fed's policy decisions, and any indication of uncontrolled inflation could keep a rate hike on the table. The third-quarter earnings season begins with reports from Delta and Walgreens, with expectations of muted earnings growth. Oil prices rebounded after Russia and Saudi Arabia committed to additional cuts in crude output, but market sentiment remains fragile due to tensions in the Middle East.

via Yahoo Finance|
#cpi-inflation#earnings-season#finance
finance2 years ago

Stock futures rebound following sharp decline: Market update

Stock futures are ticking higher after a steep selloff fueled by concerns about the impact of higher interest rates on the US economy. S&P 500 futures are up 0.3%, Dow Jones futures are up 0.2%, and Nasdaq 100 futures are up 0.2%. This slight recovery suggests that some investors believe the recent market shakeout may have been overdone. The 10-year Treasury yield has pulled back after reaching a 16-year high, but the prospect of a US government shutdown is causing additional nervousness. In economic data, updates on durable goods and mortgage applications are expected, leading up to the US second quarter GDP report and the Fed's reading on PCE inflation later in the week.

via Yahoo Finance|
#economic-data#finance#government-shutdown
finance2 years ago

"US Futures Surge as Arm IPO and Retail Sales Boost Market Confidence"

US futures are rising as investors anticipate that the Federal Reserve will not raise interest rates at its next meeting following modest inflation in August. S&P 500 futures gained 0.4%, Dow Jones Industrial Average futures ticked up 0.3%, and Nasdaq 100 futures added around 0.5% ahead of Arm's IPO. Traders expect a 97% chance of rates remaining steady at the September meeting. Additional inflation data, including producer prices and retail sales, is scheduled for release. The ongoing rally in oil prices and the European Central Bank's interest rate decision are also being closely watched.

via Yahoo Finance|
#arm-ipo#federal-reserve#finance