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Disappointing earnings reports from tech giants triggered panic selling, causing $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ to experience their steepest drops in a year and a half. The S&P 500 fell 2.3%, dipping below its 50-day moving average for the first time since May 3, ending its longest streak without a single-day drop of over 2% since 2007. The Nasdaq plummeted 3.6%, marking the largest single-day decline since late 2022. $Dow Jones Industrial Average (.DJI.US)$...
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U.S. Treasury yields fell on Thursday as investors awaited crucial economic data. The 10-year Treasury yield dropped over five basis points to 4.2349%, while the 2-year yield fell to 4.3585%.
On Wednesday, data showed the U.S. PMI flash manufacturing output index for July fell to 49.5, below the expected 51.5, indicating a contraction.
Investors are focusing on upcoming data, including durable goods orders, weekly jobless claims, and a prelimin...
On Wednesday, data showed the U.S. PMI flash manufacturing output index for July fell to 49.5, below the expected 51.5, indicating a contraction.
Investors are focusing on upcoming data, including durable goods orders, weekly jobless claims, and a prelimin...
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by Luzi Ann Santos | moomoo News
Google parent $Alphabet-A (GOOGL.US)$, $Microsoft (MSFT.US)$ and Nvidia led the slump in Magnificent Seven stocks, dragging down the S&P 500 and the Nasdaq amid mounting speculation big money is moving from this year's biggest gainers to unloved equities.
The $S&P 500 Index (.SPX.US)$ slipped 0.5% to close Thursday at 5,399.22, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ declined 0.9...
Google parent $Alphabet-A (GOOGL.US)$, $Microsoft (MSFT.US)$ and Nvidia led the slump in Magnificent Seven stocks, dragging down the S&P 500 and the Nasdaq amid mounting speculation big money is moving from this year's biggest gainers to unloved equities.
The $S&P 500 Index (.SPX.US)$ slipped 0.5% to close Thursday at 5,399.22, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ declined 0.9...
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by Luzi Ann Santos | moomoo News
U.S. stocks advanced as $NVIDIA (NVDA.US)$, $Microsoft (MSFT.US)$, $Amazon (AMZN.US)$ and $Meta Platforms (META.US)$ rebounded after the latest U.S. economic data bolstered the case for the Federal Reserve to start cutting interest rates in the next few months.
The $S&P 500 Index (.SPX.US)$ rose 1.1% to close at 5459.10, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ gained 1.03% to 17,...
U.S. stocks advanced as $NVIDIA (NVDA.US)$, $Microsoft (MSFT.US)$, $Amazon (AMZN.US)$ and $Meta Platforms (META.US)$ rebounded after the latest U.S. economic data bolstered the case for the Federal Reserve to start cutting interest rates in the next few months.
The $S&P 500 Index (.SPX.US)$ rose 1.1% to close at 5459.10, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ gained 1.03% to 17,...
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