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SoundHound AI $SoundHound AI(SOUN.US$ stock posted big gains in Thursday's trading. The company's share price closed out the daily session up 7.1%, according to data from S&P Global Market Intelligence.
Despite the S&P 500 index falling roughly 0.5% and the Nasdaq Composite index falling 0.9% in the day's trading, many growth-dependent stocks saw significant gains Thursday. SoundHound and other artificial intelligence (AI) stocks with forward-looking valuat...
Despite the S&P 500 index falling roughly 0.5% and the Nasdaq Composite index falling 0.9% in the day's trading, many growth-dependent stocks saw significant gains Thursday. SoundHound and other artificial intelligence (AI) stocks with forward-looking valuat...
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Consumer sentiment in July were slightly weaker than economists estimated, while the Federal Reserve's preferred inflation gauge rose in line with Wall Street estimates in June, adding to a pile of economic data that may sway policymakers to start cutting interest rates in September.
The University of Michigan's consumer sentiment index fell to 66.4 this month, from 68.2 in June. That's slightly lower than the 66.5 expected in a Bloomber...
The University of Michigan's consumer sentiment index fell to 66.4 this month, from 68.2 in June. That's slightly lower than the 66.5 expected in a Bloomber...
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Easing Inflation in June
Headline PCE prices: 0.1% m/m
Core PCE prices: +0.2% m/m
Moving toward Fed's 2% target:
Headline inflation -0.1pt to 2.5% yoy, IN-LINE with expectations. This is the lowest level since February '21 and down from 7.2% two years ago.
Core inflation is flat at 2.6% yoy, at the lowest level since March '21. This is slightly above expectations (2.5%), which is not such a big surprise as PCE data from yesterday's GDP report revealed a similar picture.
$Invesco QQQ Trust(QQQ.US$ $Invesco NASDAQ 100 ETF(QQQM.US$ $iShares Core S&P 500 ETF(IVV.US$ $SPDR S&P 500 ETF(SPY.US$ $Vanguard S&P 500 ETF(VOO.US$ $iShares Russell 2000 ETF(IWM.US$ $Meta Platforms(META.US$ $Tesla(TSLA.US$ $Alphabet-C(GOOG.US$ $Microsoft(MSFT.US$ $Apple(AAPL.US$ $Advanced Micro Devices(AMD.US$ $Taiwan Semiconductor(TSM.US$ $Netflix(NFLX.US$ $NVIDIA(NVDA.US$
Headline PCE prices: 0.1% m/m
Core PCE prices: +0.2% m/m
Moving toward Fed's 2% target:
Headline inflation -0.1pt to 2.5% yoy, IN-LINE with expectations. This is the lowest level since February '21 and down from 7.2% two years ago.
Core inflation is flat at 2.6% yoy, at the lowest level since March '21. This is slightly above expectations (2.5%), which is not such a big surprise as PCE data from yesterday's GDP report revealed a similar picture.
$Invesco QQQ Trust(QQQ.US$ $Invesco NASDAQ 100 ETF(QQQM.US$ $iShares Core S&P 500 ETF(IVV.US$ $SPDR S&P 500 ETF(SPY.US$ $Vanguard S&P 500 ETF(VOO.US$ $iShares Russell 2000 ETF(IWM.US$ $Meta Platforms(META.US$ $Tesla(TSLA.US$ $Alphabet-C(GOOG.US$ $Microsoft(MSFT.US$ $Apple(AAPL.US$ $Advanced Micro Devices(AMD.US$ $Taiwan Semiconductor(TSM.US$ $Netflix(NFLX.US$ $NVIDIA(NVDA.US$
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$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ brace for impact and hope that we don't have a hotter PCE number then what we're expecting...
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There is now a 100% chance of a 25 bps interest rate cut by September, according to CME FedWatch
$SPDR S&P 500 ETF(SPY.US$ $Vanguard S&P 500 ETF(VOO.US$ $iShares Core S&P 500 ETF(IVV.US$ $Invesco QQQ Trust(QQQ.US$ $Invesco NASDAQ 100 ETF(QQQM.US$ $iShares Russell 2000 ETF(IWM.US$
$SPDR S&P 500 ETF(SPY.US$ $Vanguard S&P 500 ETF(VOO.US$ $iShares Core S&P 500 ETF(IVV.US$ $Invesco QQQ Trust(QQQ.US$ $Invesco NASDAQ 100 ETF(QQQM.US$ $iShares Russell 2000 ETF(IWM.US$
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$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ today they have another reason to sell off becasue of PCE. be careful
US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4)(ESmain.US$ (4 Hour Chart) -[BEARISH ↘ **] As expected, S&P dropped lower. We maintain our bearish bias for now, expecting price to pause and hold below 5521.50 resistance before shaping a new push lower towards 5350.00 support. Technical indicators for now are leaning more towards a bearish scenario. Price is holding below 21 period EMA and MACD is showing a s...
$E-mini S&P 500 Futures(SEP4)(ESmain.US$ (4 Hour Chart) -[BEARISH ↘ **] As expected, S&P dropped lower. We maintain our bearish bias for now, expecting price to pause and hold below 5521.50 resistance before shaping a new push lower towards 5350.00 support. Technical indicators for now are leaning more towards a bearish scenario. Price is holding below 21 period EMA and MACD is showing a s...
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Core PCE Price Index falls to 2.9% QoQ, still above expectations.
The U.S. economy maintained its resilience with GDP growing by 2.8% quarter-on-quarter in Q2, surpassing expectations.
The core PCE price index fell to 2.9% QoQ, indicating a decrease in inflation compared to the previous quarter, though it remained slightly above expectations.
$S&P 500 Index(.SPX.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
The U.S. economy maintained its resilience with GDP growing by 2.8% quarter-on-quarter in Q2, surpassing expectations.
The core PCE price index fell to 2.9% QoQ, indicating a decrease in inflation compared to the previous quarter, though it remained slightly above expectations.
$S&P 500 Index(.SPX.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
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