Wall Street closed mostly flat on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy.
Take-Two Interactive Software Inc on Monday became the latest videogame publisher to forecast weak annual sales, providing further evidence that absence of major releases and easing COVID-19 curbs have reined in the industry's growth.
What happened
Shares of GameStop (NYSE: GME) were rising today as part of a broader two-day rally in meme stocks, including AMC Entertainment Holdings and Bed Bath & Beyond.
U.S. stock indexes closed little changed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy.
Technology stocks turned lower Monday afternoon, with the SPDR Technology Select Sector ETF (XLK) falling 1.0% and the Philadelphia Semiconductor Index sliding 2.1% this afternoon.
Last week, NVIDIA Corporation's (NASDAQ:NVDA) stock jumped 4.5%, but insiders who sold US$163m worth of stock in over the past year are likely to be in a better position. Selling at an average price of US$213, which is higher than the current price, may have been the wisest dec
Nvidia (NASDAQ: NVDA) is a powerhouse in the data center and gaming industries, and investors have come to expect strong financial results on a consistent basis. Unfortunately, the chipmaker released its preliminary second-quarter earnings report on Monday, and the results were d
U.S. stock indexes were mixed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia was another reminder of a slowing U.S. economy.
Advanced Micro Devices AMD recently announced that it has formed a strategic collaboration with ECARX, a global mobility tech company, to develop an in-vehicle computing platform for next-generation electric vehicles (EVs).
U.S. stock indexes treaded water on Monday after last week's blockbuster jobs data soothed some fears about an economic slowdown, while chipmaker Nvidia's warning on revenue dragged the information technology sector lower.
The United States Fund Finder & ETF Screener (NZUS) is seeing unusually high volume in afternoon trading Monday, with over 2.1 million shares traded versus three month average volume of about 34,000. Shares of NZUS were down about 0.3% on the day.
In trading on Monday, the Rare Earth/Strategic Metals ETF (REMX) is outperforming other ETFs, up about 4.3% on the day. Components of that ETF showing particular strength include shares of Piedmont Lithium (PLL), up about 9.3% and shares of Livent (LTHM), up about 5.1% on the
Contrary to popular belief, the metaverse is not a new notion. The term was coined by bestselling author Neil Stephenson in his science fiction novel Snow Crash all the way back in 1992. That said, there's no doubt that the concept has been generating more headlines of late as a
Stock Market Today Mid Morning UpdatesOn Monday morning, the Dow Jones Industrial Average is up over 290 points. This comes after the Senate approved a bill this past weekend to spend billions on healthcare programs and climate. In detail, this bill is intended to fight
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $786.6 million dollar inflow -- that's a 1.8% increase we
In early trading on Monday, shares of Zscaler (ZS) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.7%. Year to date, Zscaler has lost about 45.7% of its value.
In this video, I talk about what to expect from Nvidia's (NASDAQ: NVDA) second-quarter earnings, especially after what companies like Intel and Advanced Micro Devices have shown us these past few weeks.
The Nasdaq led U.S. stock indexes higher on Monday as a pullback in Treasury yields boosted megacap growth stocks after last week's blockbuster jobs data sparked a tech selloff on expectations of sharp rate hikes by the Federal Reserve.