The Federal Reserve and Chair Jerome Powell brought a little cheer to parts of Wall Street on Wednesday, keeping benchmark interest rates steady (as expected) but also indicating that accommodative policy would stick around for some time.
Qualcomm Inc on Wednesday forecasted fiscal fourth quarter revenue higher than Wall Street expectations thanks to sales of 5G phones, including Apple Inc's iPhones, and a growing portfolio of other chips.
The S&P 500 ended little changed on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.
Technology stocks were set to finish little changed Wednesday as chipmakers rallied, with the Technology Select Sector SPDR ETF (XLK) down less than 0.1% while the Philadelphia Semiconductor Index advanced 1.9%.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Facebook Inc (Symbol: FB), where a total of 426,751 contracts have traded so far, representing approximately 42.7 million underlying shares. That amounts to about 291.5
So much for a boost from record earnings. Despite strong results from tech giants Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), Visa (NYSE: V) reporting payments volume that was higher than 2019 levels (all reported after market close on Tuesday), and a big beat from aerospa
Technology stocks were unable to sustain their morning advance, with the SPDR Technology Select Sector ETF (XLK) Wednesday slipping 0.4% this afternoon while the Philadelphia Semiconductor Index still was pushing out to a more than 1.4% advance.
As companies across industries strive to reduce their carbon emissions, some firms have taken to releasing their internal ESG reviews in a bid for transparency. One such company is The Home Depot, which released its annual ESG report today, revealing several unexpected wins and new goals. The Home Depot (HD) is the world’s largest home [...] Read more at ETFtrends.com.
The technology-heavy Nasdaq rose on Wednesday on strong earnings from Google-parent Alphabet, as investors turned to the Federal Reserve to gauge the impact of rising inflation and the Delta variant on its monetary stimulus.
Apple (AAPL, $146.77) was meant to be one of the highlights of a jam-packed earnings calendar this week. And despite what Wednesday's sluggish response in AAPL stock might suggest, Tuesday evening's report didn't disappoint.In fact, Apple delivered what Wedbush analyst
Should Investors Have These Top Consumer Tech Stocks In Their Portfolios Now?With the strength of the tech industry on full display this week, the biggest consumer tech stocks continue to shine. For one thing, this section of the stock market today would see an uptick in demand f
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.2 billion dollar inflow -- that's a 0.4% increase week over week
The technology-heavy Nasdaq rose on Wednesday on strong earnings from Google-parent Alphabet, as investors turned to the Federal Reserve to gauge the impact of rising inflation and the Delta variant on its monetary stimulus.
In early trading on Wednesday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 5.1%. Year to date, Boeing registers a 9.1% gain.
All three companies easily beat Wall Street expectations on the most important number of all, EPS, which suggests those valuations are more realistic than stretched.
In this episode of MarketFoolery, host Chris Hill and Motley Fool analyst Jason Moser discuss the news regarding Zoom's (NASDAQ: ZM) latest planned acquisition and how that resembles Salesforce's (NYSE: CRM) acquisition of Slack. Also, they discuss the latest earnings report of A
Based on its earnings report, Pfizer (PFE) raised estimated sales of its Covid-19 vaccine to $33.5 billion for 2021, reflecting a 30% increase as Delta sweeps through nations, reports The Wall Street Journal. The biopharmaceutical giant is one of many major players reporting profitable earnings for the last quarter as these mega-caps continue to outperform. [...] Read more at ETFtrends.com.
Sony Group Corp said on Wednesday its PlayStation 5 (PS5) gaming console has sold more than 10 million units since launching last November, outstripping sales of its predecessor even as the Japanese firm grapples with a global chip shortage.