Sunil Sahil
US stock futures fell on Wednesday, following a mixed day, as investors remained cautious ahead of a major inflation data that will steer expectations for interest rate reduction. Futures for the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) fell 0.3%, while the tech-heavy Nasdaq 100 (^NDX) led falls with a nearly 0.4% dip. … Read more
Contracts for the S&P 500 and Nasdaq 100 declined by around 0.4%. In Europe, the Stoxx 600 index fell as investors reviewed the most recent earnings. Reckitt Benckiser Plc plunged 12%, the biggest since 2008, after the consumer products giant reported lower revenues. ASM International NV fell amid the semiconductor manufacturer’s dismal sales estimate. Aside … Read more
As if the prospect of rate reduction, the Fed’s fight against inflation, and keeping up with the AI-fueled stock surge weren’t enough to make investors nervous, impending election-related concerns are causing financial markets to uneasy. There are several reputable accounts on the behaviour of financial markets during US election years. For example, a Morgan Stanley … Read more
Multiple record-breaking performances in the world’s largest equities market pushed the S&P 500 temporarily above 5,100. The “Magnificent Seven” group of megacaps underperformed, with Nvidia Corp. seeing a slight rise and its valuation hovering around $2 trillion. “The speed of the tech rally has left investors wondering whether to take profits,” stated Mark Haefele of … Read more
US equities fell Friday, but raced through a dizzying week of record-breaking, fueled by AI chipmaker Nvidia’s (NVDA) blockbuster profits. The S&P 500 (^GSPC) closed at a new high, while the Dow Jones Industrial Average (^DJI) gained 0.2%, or around 60 points, setting a new record. The Nasdaq Composite (^IXIC) fell 0.3% following a strong … Read more
United said there would be some connecting flights from New York and Newark on March 2 and 4, with the objective of beginning daily nonstop flights on March 6. “United performed a thorough safety review before making this decision, including extensive consultation with security experts and government authorities in the United States and Israel. We … Read more
Many purchasers have found it very hard to enter the house market during the last two years. The combination of rising mortgage rates and rising property prices made the prospect of purchasing a home difficult—and, for sellers, losing their sub-3% mortgage rates due to the epidemic made it practically impossible to sell their present properties. … Read more
According to JPMorgan, the US economy is on the verge of stagflation, which is characterised by poor growth and persistently rising inflation, prompting investors to choose equities over bonds. According to the company, we might be on the verge of a 1970s-style stagflationary scenario. “Equities were flat from 1967 to 1980, and with yields averaging … Read more
Stocks are underperforming, with investors focusing on Nvidia’s upcoming earnings, which slumped over 3% on Tuesday for their worst day since October 17 as they prepared for the announcement. The stock extended its decline on Wednesday, plummeting more than 3% ahead of the results announcement. Expectations are high for the chipmaker’s fourth-quarter earnings, which are … Read more
The rising use of video streaming applications on mobile devices and televisions to view films, TV episodes and live events on demand has fueled demand in the country’s gaming business. Furthermore, many consumers want to enjoy the latest games without having to purchase a new PC or console. This has also facilitated the creation of … Read more
