Nasdaq
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Nasdaq
The Nasdaq Composite Index is a large market cap-weighted index of more than 2,500 stocks, American depositary receipts (ADRs) and real estate investment trusts (REITs), among others. It comprises 2,500 common equities listed on Nasdaq. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities.The index was launched in 1971, with a starting value of 100. Over the years, the index has soared tremendously even as it witnessed multiple periods of decline.To be eligible for inclusion in Nasdaq Composite Index, the security's US listing must be exclusively on Nasdaq Stock Market (unless the security was dually listed on another US market prior to January 1, 2004, and has continuously maintained such listing).Closed-end funds, convertible debentures, exchange-traded funds, preferred stocks, rights, warrants, units and other derivative securities are ineligible for inclusion in the index.The industry weights of the Nasdaq Composite Index's individual securities are tilted heavily in favour of technology. As of March 2020, the weightage are: technology at 48.39 per cent, consumer services at 19.43 per cent, health care at 10.21 per cent, financials at 7.21 per cent, industrials at 6.85 per cent, consumer goods at 5.51 per cent, utilities at 0.81 per cent, telecommunications at 0.72 per cent, oil and gas at 0.55 per cent and basic materials at 0.32 per cent.
Nasdaq short interest down 2% in late July
Nasdaq short interest dropped by 2% in late July, with shorted shares falling from 14.356 billion to 14.068 billion, indicating a shift in market sentiment.
US stocks flat at open ahead of Nvidia results
Wall Street's main indexes were flat at the open on Wednesday ahead of Nvidia's earnings report, with focus squarely on whether the recent bull market rally led by the AI chip firm and other tech-related shares can be sustained.
Wall Street ends up as investors focus on Nvidia results
The S&P 500 ended higher driven by anticipation of Nvidia's quarterly report. Nvidia's shares rose 1.5%, being the most-traded company, while heavyweight tech stocks were mixed. Meanwhile, economic data showed increased consumer confidence, influencing investor expectations for future interest rate cuts. Paramount Global and Tesla shares declined amid specific company news.
S&P 500, Nasdaq edge up after payrolls revisions; Fed minutes in focus
The S&P 500 and Nasdaq edged up after a revision in U.S. payrolls data. Investors awaited minutes from the Federal Reserve's meeting amid speculations of a rate cut. Financial markets had a mixed response, with gains for consumer staples and declines for certain tech and retail stocks, including Macy's and Chinese e-commerce.
US stocks open lower on caution ahead of Nvidia results, economic data
Wall Street's main indexes opened lower on Tuesday as caution prevailed ahead of highly anticipated results from Nvidia and crucial economic data expected later in the week.
Dow hits record high on increased September rate cut bets, Nvidia results on tap
The S&P 500 and the Dow opened higher on Monday, with markets focused on results from AI-darling Nvidia and a key inflation report due later in the week, while geopolitical tensions in the Middle East made investors wary.
Nasdaq seeks SEC approval for bitcoin index options
Nasdaq is awaiting regulatory approval to launch and trade options on a bitcoin index. This move would provide institutional investors and traders an alternative way to hedge their exposure to bitcoin. The options would track the CME CF Bitcoin Real-Time Index, supplementing the recently launched leveraged ETFs tied to bitcoin.
Nasdaq, S&P jump 1% at open as tech stocks rally
Wall Street's main indexes started higher on Wednesday as technology stocks rallied. This gain followed Japan's top policymaker soothing investor concerns over interest rates, which had triggered global market volatility after a surprise rate hike last week.
Dow jumps over 400 points as Fed's Powell hints at rate cut
Stock markets saw gains on Friday as Federal Reserve Chairman Jerome Powell indicated that interest rate cuts could be forthcoming due to cooling inflation. The Dow rose by 476 points, and the S&P 500 and Nasdaq also increased over 1%. The yen strengthened after Japan's central bank hinted at potential rate hikes.
S&P 500 nears record high as Powell signals imminent rate cut at Jackson Hole
Wall Street's key indexes surged following remarks from Federal Reserve Chair Jerome Powell about lowering interest rates. The S&P 500, close to a record high, saw gains led by tech and chip stocks. Powell's comments suggest possible policy easing, aligning with traders' expectations for a rate cut in the next Fed meeting.
Stocks drop, Nasdaq confirms correction as recession fears mount
U.S. stocks dropped notably for the second day as a soft jobs report heightened recession worries. Nonfarm payrolls rose by just 114,000, missing expectations. The unemployment rate increased to 4.3%, near a three-year high. Major indices, including the Nasdaq, saw substantial declines, with market sentiment turning bearish.
Wall St ends lower as tech shares weigh; Jackson Hole in focus
U.S. stock markets faced declines on Thursday with technology shares leading the fall as Treasury yields rose and global central bank officials met at the Jackson Hole Economic Symposium. Investors are keenly awaiting Federal Reserve Chair Jerome Powell's speech for insights on potential rate cuts.
Big tech earnings arrive with Nasdaq on brink of correction
In a week that also brings a Federal Reserve interest-rate decision, investors will focus primarily on results from Microsoft on Tuesday, followed by Meta Platforms, Apple and Amazon over the next two days.
US stocks open higher as prospects of September rate cut grow
The Dow Jones Industrial Average rose 41.7 points, or 0.10%, at the open to 40,932.23.
Nasdaq ends down 1% as tech shares fall; Treasury auction weak
U.S. stocks closed lower on Wednesday, with the Nasdaq dropping 1%. Technology shares and a weak 10-year Treasury auction dampened investor sentiment. The S&P 500 technology index was the biggest drag, falling 1.4%. Significant declines included Walt Disney and Super Micro Computer. Investors remained cautious amid recession worries and upcoming central bank commentary.
Shares of Trump's media firm sink to record low
Shares of Trump Media & Technology Group, primarily owned by Donald Trump, fell to record lows after his return to rival platform X. The company's stock has declined continuously for eight sessions, closing at $21.42. Contributing factors include a quarterly loss of $16.4 million and Trump's dwindling lead in recent polls and election betting markets.
US stocks slip at open with Fed in focus
The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52
Wall St ends higher, extending rally ahead of Jackson Hole
U.S. stocks advanced on Monday, extended by gains in the tech-heavy Nasdaq. Investors looked ahead to the Democratic National Convention and the Jackson Hole Economic Symposium. Expectations grew for a Federal Reserve rate cut in September, boosting market confidence. Nvidia and Microsoft shares contributed significantly to the positive momentum.
US stocks extend winning streak ahead of Jackson Hole meet
The S&P 500 and Nasdaq climbed for the eighth day in a row as recession fears faded. Major indexes recorded their best week of the year following encouraging jobless claims and retail sales. Market focus shifts to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for hints on possible rate cuts.
S&P 500, Nasdaq stumble on caution ahead of tech earnings
The S&P 500 and Nasdaq closed lower due to weak chip stocks and major tech shares, while the Dow saw modest gains. Microsoft and NVIDIA shares dropped ahead of key tech earnings. Financials and energy outperformed as market expectations grew for a Federal Reserve rate cut this year owing to moderating inflation signs.
US stocks slip as S&P 500, Nasdaq end six-day winning streaks on weak housing data
Wall Street's main indexes declined at open on Friday, ending six-day winning streaks for S&P 500 and Nasdaq amid weak housing data. Most S&P 500 sectors traded lower, notably energy. Trading volume was low due to summer breaks.
Nasdaq falls 10% from record high confirming Big Tech correction
The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.
Nasdaq, S&P 500 end 2% higher in rally after US jobless data
U.S. stocks saw notable gains on Thursday, driven by a better-than-expected decrease in jobless claims, easing labor market concerns. The Nasdaq and S&P 500 each rose over 2%. Eli Lilly's stock surged due to an improved profit forecast. Small-cap stocks also rallied. Analysts indicate recession worries may be overstated.
Dow drops 400 points, Nasdaq nearly 1% on worries about economy
Wall Street's major stock indexes opened higher on Thursday driven by the Federal Reserve's indications of a potential September rate cut and a positive sales forecast from Meta. However, a pullback in chip stocks limited the gains.
US stocks open higher on retail sales boost
The Dow Jones Industrial Average rose 287.3 points, or 0.72%, at the open to 40295.74
Alphabet drops 3% after report that US is mulling Google break-up, drags Wall Street
Wall Street indices showed mixed results on Wednesday. Alphabet fell 3.6% following reports of a possible breakup by the U.S. Department of Justice, affecting the Nasdaq. Moderating inflation kept hopes alive for a Federal Reserve rate cut in September. The S&P 500 and Nasdaq mostly gained, boosted by tech stock rebounds and lower inflation rates.
US stocks open higher as July inflation report cements rate-cut bets
Wall Street's main indexes saw gains on Wednesday, buoyed by data showing U.S. inflation moderated. This reinforced expectations of a Federal Reserve rate cut in September. Information technology and financial stocks led the gains, while Alphabet slipped following Justice Department scrutiny.
US stocks edge lower in lead up to data deluge
Wall Street opened higher on Monday as indexes add to their recovery from a hammering early last week, with investors gearing up for a deluge of data including U.S. consumer prices.
S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
The S&P 500 and Nasdaq reported their largest gains since February, buoyed by a chip stock rally. The Federal Reserve kept interest rates steady but hinted at potential easing in September. Technology stocks led market advancements. Nvidia's shares surged after a positive AI forecast by AMD, boosting the semiconductor sector.
S&P 500, Nasdaq end with strong gains, rebounding from global market sell-off
The S&P 500 and Nasdaq rose by 1% as investors returned following a major sell-off. Strong comments from Federal Reserve officials alleviated recession concerns. Traders expect rate cuts in the next Fed meeting. Nvidia boosted indices, while Uber and Caterpillar reported positive earnings. The Nasdaq is up 9% in 2024.
Nasdaq drops 1% as investors look beyond megacap shares
The Dow Jones Industrial Average was down 257.34 points, or 0.62%, at 40,940.74, the S&P 500 was down 37.93 points, or 0.68%, at 5,550.34. Traders slightly raised bets on a 25-basis-point rate cut from the Federal Reserve by September to over 95%, according to CME's FedWatch, despite much stronger than expected manufacturing data from the Federal Reserve Bank of Philadelphia.
Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop
U.S. stocks saw substantial declines on Monday, with the Nasdaq and S&P 500 each falling over 3%. The losses were driven by recession concerns and a sharp drop in Apple shares after Berkshire Hathaway halved its stake. Weak economic data and concerns over the Federal Reserve's interest rate policy contributed to the market's extended sell-off.
Dow slumps 459 pts, Nasdaq on pace to confirm correction after weak jobs report
The S&P 500 reached its lowest point since July 11th, and the Dow Jones Industrial Average faced its most significant two-day decline since March 2023. July's job growth fell considerably short of expectations, with 114,000 new nonfarm payrolls compared to the 175,000 predicted. The unemployment rate also edged up to 4.3%. This weaker-than-expected labour market data has shifted trader sentiment, with many now anticipating a more substantial half-percentage-point interest rate cut by the Federal Reserve in September, as opposed to the previously anticipated quarter-percentage-point reduction.
S&P, Nasdaq end lower in fickle trading, megacap trend uncertain
The S&P 500 and Nasdaq Composite ended lower on Thursday, unable to recover from Wednesday's tech-driven sell-off. However, the Dow Jones Industrial Average gained on positive GDP data, and small-cap stocks saw a rise. Wednesday's earnings reports from major tech firms like Meta and Alphabet contributed to market volatility.
US stocks waver as volatile week draws to a close
Wall Street's main indexes experienced fluctuations amidst a tumultuous week affected by a rising yen and recession fears. Major indexes faced weekly losses, despite a positive jobless claims report. Investors anticipate next week's consumer prices and retail sales data. Analysts remain cautious about a sustained market recovery without new significant events.
Asian stocks rebound as jobs data calms market jitters: Markets wrap
Asian equities saw gains on Friday as resilient US labor market data lifted investor confidence. Markets in Japan, South Korea, and Australia were bolstered, and US stocks had a significant rally. Jobless claims in the US were lower than anticipated, easing recession fears and encouraging investment in riskier assets, including cryptocurrencies.
Wall Street jumps as jobs data eases slowdown fears
On the earnings front, Eli Lilly jumped 7.9% after the drugmaker raised its annual profit forecast, and sales of its popular weight-loss drug Zepbound crossed $1 billion for the first time in a quarter. Under Armour surged 19.2% after the sports apparel maker posted a surprise first-quarter profit, benefiting from its efforts to cut inventory and promotions.
US stock market Tuesday: S&P 500, Dow Jones on record highs, list of top gaining stocks
S&P 500, Dow Jones Industrial Average, Nasdaq have gained as the US stock market is riding high.
New Hindenburg report claims $35 billion server maker Super Micro Computer engaged in 'accounting manipulation'
Hindenburg Research's latest report accuses Super Micro Computer of severe accounting manipulation and sanctions evasion, causing an 8% drop in its Nasdaq-listed shares. The investigation reveals ongoing issues despite a previous SEC settlement and highlights problematic related party transactions. Super Micro, a major Silicon Valley server manufacturer, faces renewed scrutiny over its financial practices and corporate governance.
Dow, S&P rebound sharply after steepest 2-year declines, rally 1% each
The Nasdaq composite was 0.8% higher. Comfortable earnings reports from major U.S. companies, particularly those with better-than-anticipated profits, fueled the market's recovery. Kenvue, the maker of Tylenol and Band-Aids, soared 13.5% after exceeding profit estimates due in part to increased product pricing. Uber surged 7.4% following a strong earnings report that surpassed forecasts.
S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily
The S&P 500 and Nasdaq reached multi-week lows after disappointing earnings from Alphabet and Tesla. Investor confidence in megacap stocks was shaken, causing significant declines in both indices. The S&P 500 saw its worst performance since December 2022, while the Nasdaq had its biggest drop since October 2022. The Dow also posted a notable decrease.
Dow sinks 1,000 points, extending a global rout, as worries deepen about a US economic slowdown
U.S. stock markets plunged in early trading amid growing concerns of a recession, with the S&P 500 falling 4% following its worst week in over three months. The Dow Jones Industrial Average also took a significant hit, dropping 1,197 points or 3%. Meanwhile, the Nasdaq Composite experienced an even sharper decline, plummeting 5.5% and wiping out 15% of its value from last month's record high.
Markets around the world are rattled by fears of slowing US growth
The drops followed a U.S. jobs report Friday that indicated that employers had slowed hiring significantly in July, with unemployment rising to its highest level in nearly three years. This deepened fears that the economy was cooling and that the Federal Reserve may have waited too long on cutting interest rates.
Stocks trampled in stampede from risk, bonds eye rapid rate cuts
Asian stock markets saw significant declines due to fears of an impending U.S. recession, leading investors to seek safer assets. The yen and Swiss franc strengthened, while bond yields fell. Weak July U.S. payroll data fueled expectations of rate cuts by the Federal Reserve. Major indices, including Japan's Nikkei, witnessed notable drops.
Stocks slugged by US recession risk, bonds bet on rapid rate cuts
Asian markets declined, and bonds rallied as concerns over a potential U.S. recession grew. Investors anticipate the Federal Reserve will cut interest rates following weak employment data. Major indices and futures dropped significantly. Key earnings reports and economic indicators are expected this week to provide further insights into market conditions.
Nifty bulls caught between greed and fear. Let's see where we are in the market cycle
Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.
US Stock Market predictions for Monday: S&P 500, Dow Jones, Nasdaq in positive, top stocks to watch out
S&P 500, Dow Jones Industrial Average, and Nasdaq Composite will look to perform in green as all eyes will be on Nvidia, Apple and Tesla, small caps and regional banks' stocks.
US stock market Friday: S&P 500, Dow Jones, Nasdaq near record highs, Nvidia share price rises 750 per cent
S&P 500, Dow Jones Industrial Average, and Nasdaq composite -- all three US stock market indexes traded higher after Fed Chair Jerome Powell made significant announcement. Nvidia stock's valuations have also climbed.
Japanese stocks tumble, selloff in tech extends: Markets wrap
Japanese stocks dropped for a second day amid growing expectations of further rate hikes by the central bank. Asian equities also declined, following Wall Street's losses due to weakening US economic data. The broad Topix index in Japan dropped more than 4%, while tech stocks like AI chipmaker SK Hynix fell sharply.
Nasdaq ends sharply lower as investors rotate out of Big Tech
The Nasdaq fell sharply due to Nvidia, Apple, Tesla, Microsoft, Amazon, and Meta Platforms losses amid inflation data. Smaller companies rallied, boosting the Russell 2000. Heavy U.S. trading was noted as the S&P 500 fell and real estate rose 2.7%. Delta and Conagra Brands forecast lower profits; Tesla delayed robotaxi launch. Citigroup fined $136M.
Srivaru Motors unveils electric bike PRANA 2.0; targets to sell 10,000 units
Srivaru Motors is backed by NASDAQ-listed SRIVARU Holding Ltd in the United States and had introduced its maiden product -- an electric motorcycle PRANA in 2021 with a total capital infusion of USD 15 million, Ramasamy said during an interaction.
S&P 500 jumps over 1% at open boosted by chips ahead of Fed verdict
The Nasdaq and S&P 500 opened significantly higher following a positive forecast from AMD that boosted struggling chip stocks. However, Microsoft lagged among the major tech giants as investors awaited the Federal Reserve's interest rate decision.
Wall Street slumps over 1.4% as 10-year bond yields tumble; Nasdaq down over 2%
Stocks on Wall Street are slumping alongside bond yields on Thursday after more signals suggested the U.S. economy's growth is slowing.
Japanese stocks, bonds fall ahead of BOJ decision: Markets wrap
Japanese stocks declined by over 1% and bond yields rose in anticipation of the Bank of Japan's interest rate decision. Meanwhile, tech stocks experienced a downturn, and Nvidia's market value plummeted. Oil prices increased following a report on US crude stockpile drawdowns. Market watchers also looked ahead to potential Fed rate cuts predicted by Goldman Sachs for later this year.
S&P 500 and Nasdaq notch record highs as Nvidia gains
The S&P 500 and Nasdaq closed at record highs, driven by Nvidia's rise and Powell's rate-cut remarks. Market optimism about AI growth countered Fed rate-cut uncertainty. Major banks saw gains ahead of earnings season. Analysts predict strong Q2 earnings. Tempus AI surged on bullish ratings amidst moderate market activity.
US stocks open higher ahead of Big Tech results, Fed verdict
The Dow Jones Industrial Average rose 82.2 points, or 0.20%, at the open to 40,622.13.
$1 trillion rout hits Nasdaq 100 over AI jitters in worst day since 2022
The Nasdaq indexes tumbled more than 3% for the worst days since October 2022. The list of laggards was a who’s-who of AI technology darlings, led by semiconductor companies such as Nvidia Corp., Broadcom Inc. and Arm Holdings Plc. The selloff was triggered by a middle-of-the-road earnings report from Alphabet Inc. late Tuesday that featured a bloated capital expense.
S&P 500 and Nasdaq notch record highs; chipmakers climb
The S&P 500 and Nasdaq hit records, boosted by Nvidia, Intel, and AMD. Investors await inflation data, Powell's semiannual testimony, and earnings from Citigroup, JPMorgan Chase, and Wells Fargo. Concerns grow over labor markets and rate cuts. Declines in communication services and energy; Paramount merged with Skydance; Boeing resolves fraud investigation.
US stocks open higher ahead of Fed verdict, Big Tech earnings
Wall Street's major indexes opened strong on Monday as investors prepared for the Federal Reserve's interest rate decision, upcoming Big Tech earnings, and important labor data following a recent equity sell-off.
US stock market Monday: S&P 500, Dow Jones, Nasdaq on record high. Here are top gaining stocks
S&P 500, Dow Jones and Nasdaq composite posted record jump as Nvidia, Microsoft and Alphabet pushed US Stock Market and Wall Street higher on Monday.
Megacaps boost Nasdaq in choppy trade; jobs data in focus
Semiconductor stocks such as Advanced Micro Devices, Arm Holdings and Micron Technology fell between 1% and 4%, pulling the Philadelphia SE Semiconductor index to a near one-week low.
US Stock market predictions: S&P 500, Nasdaq Composite, Dow Jones likely to trade higher. Check Wall Street fear gauge
S&P 500, Dow Jones and Nasdaq Composite -- all three US stock indexes are likely to perform in green as Wall Street is likely to get out of US recession fears.
Wall Street closes up on revival supported by inflation data, tech stocks
Wall Street indexes closed higher on Friday, with tech megacaps rebounding after mid-week sell-offs. Inflation data fueled optimism for potential Federal Reserve interest rate cuts. The Dow Jones ended positive for the week, boosted by 3M's forecast increase. However, Tesla and Alphabet saw declines. Key tech earnings next week may influence market direction.
Dow up over 600 points on tech recovery, leads US stocks higher as inflation data keeps rate cut hopes alive
Wall Street rebounded on Friday, led by the Dow's strong performance. Industrial conglomerate 3M's forecast boost and tech stock recovery helped the market. Key inflation data supported hopes for early Fed rate cuts.
Nasdaq, S&P 500 power on as Nvidia surge lifts tech stocks
Monday marked the 35th instance of the S&P 500 setting a fresh closing record this year, as sharp gains in AI-linked and other tech shares kept equity sentiment bright, offsetting the uncertainty around the Fed's rate-cut path. However, the Dow Jones underperformed, with a more than 1% fall in Salesforce and Microsoft being the biggest drags, while the rate-sensitive small-cap Russell 2000 dropped 0.4%.
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The two last year struck a SPAC deal that would have resulted in the combined company being publicly listed on U.S. exchange Nasdaq.
US stocks open muted after strong US GDP data
U.S. indexes opened steady on Thursday, buoyed by robust economic growth data following a downturn influenced by megacap stocks the previous day. The Dow fell slightly to 39,828.63, the S&P 500 edged up to 5,428.70, and the Nasdaq rose to 17,352.64 at the opening bell.
ReNew Q1 profit falls 87%, shares slip 6% on Nasdaq
ReNew Energy Global Plc's shares declined by 6% after announcing an 87% drop in quarterly profit, largely due to revenue losses from sold assets and higher operational costs.
Wall Street update: Tesla, Alphabet's poor results drag US markets lower, Nasdaq drops over 2%, S&P down 1.6%
The Nasdaq fell to a one-month low as Tesla and Alphabet's earnings disappointed investors. Market heavyweights like Apple, Microsoft, and Nvidia also dropped. Investors shifted focus from tech stocks to other sectors, questioning the sustainability of the 2024 equity rally.
US stocks open muted, quarterly results of Alphabet, Tesla, tech stocks in focus
Wall Street opened cautiously on Tuesday amid varied corporate results, with investors awaiting Alphabet and Tesla's earnings. They seek clues on whether the market's recent record gains can sustain.
Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally
S&P 500 and Nasdaq fell due to plummeting microchip stocks and potential U.S.-China trade conflicts. Biden's move dropped microchip stocks 6.8%, causing the Philadelphia SE Semiconductor index's largest drop. Nasdaq and S&P 500 fell, while Dow rose, aided by Johnson & Johnson. Federal Reserve's Beige Book highlighted economic expansion. Housing starts, building permits, industrial output exceeded expectations. Rate cuts anticipated.
Nasdaq ends higher on tech strength; Dow pulls back
Tech stocks like Nvidia led the market surge as investors awaited crucial inflation data. Retailers weighed down the Dow, but the S&P 500 rebounded. FedEx projected profit growth, while Carnival Corp raised its annual forecast. Spirit AeroSystems attracted attention amid acquisition talks with Boeing.
Nasdaq slumps nearly 2% to hit two-week low in megacap tech, chip stocks rout
The Dow Jones Industrial Average showed resilience despite tech sector woes, bolstered by strong earnings from Johnson & Johnson and Intel. This shift in investor focus away from high-performing tech stocks and towards underperforming sectors comes after a significant tech rally since late 2023.
US stocks open higher as investors assess Biden’s exit from poll race, Nasdaq up 1%
Wall Street starts higher as investors assess odds of Trump's re-election post Biden's withdrawal; Dow up 0.32%, S&P 500 and Nasdaq also rise at open.
S&P 500’s next leg up hinges on battered stocks getting revenge
Excluding Big Tech, stocks rally on rate cut hopes. The equal-weighted S&P 500 recently outpaced. Optimism grows as Nasdaq 100 declines. Todd Sohn sees neglected stocks surging as Nvidia to Microsoft pauses. Investors note rising trends despite Wall Street's top-heavy S&P concerns, recording gains earlier this year, despite the worst weeks since April amid faith in Fed easing.
S&P 500, Nasdaq notch record highs with inflation data, earnings in focus
The slower-than-expected June US job growth, as revealed in Friday's nonfarm payrolls report, has strengthened expectations of interest rate cuts as early as September. While investors seek further clarity on the Federal Reserve's monetary policy path, traders are now pricing in a higher probability of a 25-basis-point cut in September and a total reduction of approximately 50 basis points for the year.
Dow hovers around its record high
Stock indexes on Wall Street showed mixed results a day after the Dow Jones Industrial Average hit an all-time high. The S&P 500 rose 0.2% in afternoon trading, while the Dow dropped 19 points. Semiconductor company Nvidia gained ground, and Treasury yields held steady in the bond market.
Tesla, megacaps drive S&P 500, Nasdaq up; Powell in focus
Powell told a panel that recent economic data represented "significant progress," though noting the Fed needed to see more before changing policy. Meanwhile, Chicago Fed President Austan Goolsbee noted he sees some "warning signs" of economic weakness and that central bank's goal is to get inflation down without stressing the labor market.
Dow drops nearly 1% amid global tech outage; S&P 500 heads for worst week since April
The disruptions, affecting flights, banks, and doctors' appointments worldwide, were caused by a major outage. Cybersecurity firm CrowdStrike clarified that the issue was not a security incident or cyberattack but resulted from a faulty update sent to computers running Microsoft Windows. The company has since deployed a fix to address the problem.
S&P 500, Nasdaq lower as semiconductor shares weigh
AI chip firm Nvidia fell by 4.4%, following losses in the previous session that caused its market valuation to drop below Microsoft's. Other semiconductor stocks, including Qualcomm, Broadcom, Micron Technology, and Arm Holdings, declined between 2% and 5%, leading to a 2.2% decrease in the Philadelphia SE Semiconductor index.
Wall Street ends sharply lower as anxiety rises, earnings heat up
U.S. stocks dropped Thursday, with the Dow Jones down 1.29%. Tim Ghriskey noted a broad selloff from growth stocks, impacting Russell 2000 and Nasdaq. CBOE Volatility index rose. Jobless claims increased, aiding inflation control. Healthcare declined, energy gained. Philadelphia SE Housing index soared; D.R. Horton +10.1%, Domino's -13.6%, Warner Bros split plan, Netflix fell.
Megacaps push Nasdaq, S&P 500 to record highs after payrolls data
Major tech stocks like Microsoft, Meta, Amazon, and Apple surged to record highs, driving the information technology sector to an all-time peak. This also propelled the S&P 500 communication services sector to its highest level since 2000.
Nvidia, megacaps power strong Nasdaq recovery; Dow pulls back
AI chip firm Nvidia soared 6%, recovering some of the steep losses it had notched in three consecutive declining sessions. At current levels, the stock is still 12% away from last week's record high. The Dow pulled back from a one-month high hit on Monday, while the small-cap Russell 2000 index also lost some steam.
Dow soars 576 points, smallcaps rally as rate-cut bets hold firm
U.S. retail sales held steady in June, defying expectations of a decline. Excluding automobiles, sales actually rose 0.4%. Despite this positive data, traders remain confident that the Federal Reserve will cut interest rates by 25 basis points in September.
S&P 500 & Dow touch intraday record highs as investors bet on second Trump term
At 12:01 a.m. ET, the Dow Jones Industrial Average had risen by 328.71 points, or 0.82%, to 40,329.61. The S&P 500 gained 40.53 points, or 0.72%, reaching 5,655.88, while the Nasdaq Composite increased by 163.54 points, or 0.89%, to 18,561.98. The S&P 500 financials index surged 1.5%, with Goldman Sachs reaching a record high after its second-quarter profit more than doubled. In contrast, Macy's shares plummeted 12.9% following the termination of buyout discussions with Arkhouse Management and Brigade Capital.
Nasdaq ends lower as Nvidia drags the tech sector for second day
S&P 500 and Nasdaq closed slightly lower on Friday, impacted by Nvidia's decline. Market volatility was observed due to triple witching, with positive PMI data.
Wall Street’s broadening trade pressures index-tracking billions
Such a broadening in the winners’ list has been sought for years by market skeptics lamenting an equity melt-up whose momentum has been generated by a tiny cohort of asset-light firms. But it’s a less obvious blessing in the short term for passively managed investors. They’ve stashed one in every four ETF dollars in just five funds — products that are now perilously exposed to the fate of the Magnificent 7.
Dow, S&P 500 hit record as Wall Street rallies on rate cut bets
The Dow has underperformed the S&P 500 and Nasdaq in 2024, rising only 6.4%. Tech and semiconductor stocks have led market gains, while value stocks within the Dow have struggled. Despite a weak start to the earnings season and bank stocks falling, Wall Street indices have still advanced.
Nvidia pulls S&P 500 lower as small caps rally
Tesla's stock dropped 6.5% following news of a two-month delay in its robotaxi launch, as reported by Bloomberg. Apple shares dipped 2.4% after reaching a record high on Wednesday, despite BofA Global Markets increasing its price target due to anticipated strong iPhone sales fueled by new AI features.
S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rolling
Nasdaq and S&P 500 hit records, driven by Nvidia, Apple gains. Powell's rate cut remarks, Taiwan Semiconductor's AI narrative influenced markets. Micron, AMD surged. Investors await U.S. inflation data. S&P sectors rose, tech leading. Intuit dropped; Illumina gained. Dow Jones rose. Second-quarter earnings, light trading volume noted. Comprehensive key points summarized.
Asian stocks echo US rally ahead of inflation data: Markets wrap
Tech rally lifted Asian stocks, S&P 500, and Nasdaq 100; Taiwan Semiconductor strong. Powell hinted at rate cuts; core CPI to rise. China tightened short selling. Inflation data awaited. Japan orders, Thai confidence, Malaysia, and South Korea policies in focus. Fed cuts in 2024 expected. Global equities hit record, yen stable, Apple improved from 2023.
S&P 500 tops 5,600 for first time; Nvidia-fuelled rally lifts Wall St before inflation data
The S&P 500 and the Nasdaq achieved their fifth consecutive intraday record highs, with the benchmark index surpassing the 5,600 mark for the first time. This surge was fueled by increased optimism for an interest-rate cut in September, following Jerome Powell's statement that the U.S. was "no longer an overheated economy."
S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
Exciting market dynamics unfold as Paramount Global, National Amusements, and First Foundation make significant moves, shaping investor sentiment and market trends.
S&P 500, Nasdaq post record closing highs as data feeds rate cut hopes
U.S. stocks closed mixed on Wednesday, with the S&P 500 and Nasdaq reaching record highs due to optimism about potential Federal Reserve interest rate cuts in September spurred by signs of a slowing economy. However, the Dow Jones Industrial Average remained relatively flat, weighed down by healthcare and consumer stocks in a shortened trading session ahead of the Fourth of July holiday.
Japan's Nikkei hits record high as chip-related shares track US peers
Japan's Nikkei reached a record high as chip-related stocks followed U.S. peers. Investors anticipate Powell's speech for rate insights. Market sees increased likelihood of rate cut by September. Tokyo Electron and Advantest lead gains while bank stocks dip. Topix up 0.62% amid ETF payout concerns.
US stock indexes end up; Nasdaq, S&P 500 hit record highs on payrolls data
According to preliminary data, the S&P 500 gained 29.67 points, or 0.54%, to end at 5,566.69 points, while the Nasdaq Composite gained 163.04 points, or 0.90%, to 18,351.34. The Dow Jones Industrial Average rose 64.78 points, or 0.16%, to 39,372.78.
