S&P 500 traded above the 5,000 mark for a second day on Friday with boosts from megacap stocks, including Nvidia while investors were encouraged by strong earnings data and modest revisions to 2023 inflation figures.
S&P 500 traded above the 5,000 mark for a second day on Friday with boosts from megacap stocks, including Nvidia while investors were encouraged by strong earnings data and modest revisions to 2023 inflation figures.
Global equities rose with the S&P 500 crossing the 5,000-point milestone on Friday, as U.S. inflation data raised expectations the Federal Reserve will cut interest rates this year, while closely watched U.S. Treasury yields rose.
There’s been a lot of chatter recently about the Magnificent 7 stocks and how they’ve been solely responsible for this incredible market rally. After all, these seven companies – which include Apple AAPL, Amazon AMZN, Meta Platfor
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its plans told Reuters.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.70%. Stock indexes this morning are mixed, with the S&P...
Big gains in megacap stocks such as Nvidia pushed the benchmark S&P 500 above the 5,000 mark for a second day on Friday, after modest revisions to 2023 inflation figures supported assumptions that the Federal Reserve will cut interest rates this year.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $281.8 million dollar inflow -- that's a 2.9% increase wee
In today's video, I discuss recent updates affecting Arm Holdings (NASDAQ: ARM). Check out the short video to learn more, consider subscribing, and click the special offer link below.
Morning Markets March E-Mini S&P 500 futures (ESH24 ) are up +0.35%, and March Nasdaq 100 E-Mini futures (NQH24 ) are up +0.38%, both at new all-time nearest-futures highs. Stock index futures this morning are moderately higher and pushed to new record highs. Stocks found support after bond yields declined...
Pinterest, Inc. PINS reported mixed fourth-quarter 2023 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The San Francisco-based Internet content provider reported revenue gr
The benchmark S&P 500 climbed above the 5,000 mark to hit a record high on Friday after data pointed to minimal revisions in last year's inflation figures, aiding expectations that the U.S. Federal Reserve will cut interest rates this year.
Paycom Software, Inc.’s PAYC total revenues for recently reported fourth-quarter 2023 results surged 19.4% year over year to $434.6 million and surpassed the Zacks Consensus Estimate of $422.6 million. The robust top-line performa
CyberArk Software Ltd. CYBR shares gained 7.6% on Thursday after the cybersecurity company delivered better-than-expected results for the fourth quarter of 2023. The company reported non-GAAP earnings of 81 cents per share and out
For Immediate ReleaseChicago, IL – February 9, 2024 – Zacks Equity Research shares Nextracker Inc NXT as the Bull of the Day and Archer Daniels Midland ADM as the Bear of the Day. In addition, Zacks Equity Research provides analys
Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans.
Technology stocks are having a great few months as investors regain confidence in this sector thanks to new catalysts such as artificial intelligence (AI). This goes part way to explaining why the tech-laden Nasdaq-100 Technology Sector index is up a solid 45% in the past year.
Nvidia (NASDAQ: NVDA) became a Wall Street darling last year when a boom in artificial intelligence (AI) highlighted the massive potential of its business. Its stock climbed 214% since last February and has shown no signs of slowing, rising 40% since the start of 2024.