Jay Hatfield, CEO at Infrastructure Capital Advisors, said he expects a “muted stock market reaction” to Biden’s resignation from the presidential race, as it had been largely expected as calls for him to bow out grew louder.
“The fact that Biden endorsed Kamala Harris reduces uncertainty. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning,” Hatfield said.
Earnings and central bank policy will also be to...
“The fact that Biden endorsed Kamala Harris reduces uncertainty. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning,” Hatfield said.
Earnings and central bank policy will also be to...
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Biden drops out
President Joe Biden on Sunday quit the presidential race against Donald Trump and backed Vice President Kamala Harris as the nominee of the Democratic Party, bowing to pressure from his party members to drop out.
Harris said in a statement, “I am honored to have the President’s endorsement and my intention is to earn and win this nomination.” Meanwhile, Republican lawmakers are calling on Biden to resign. What does this mean for markets? CNBC’s Jesse ...
President Joe Biden on Sunday quit the presidential race against Donald Trump and backed Vice President Kamala Harris as the nominee of the Democratic Party, bowing to pressure from his party members to drop out.
Harris said in a statement, “I am honored to have the President’s endorsement and my intention is to earn and win this nomination.” Meanwhile, Republican lawmakers are calling on Biden to resign. What does this mean for markets? CNBC’s Jesse ...
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From July 17, the day after Bank of America released its Q2 earnings, Berkshire Hathaway sold approximately 34 million shares of Bank of America worth about $1.48 billion from July 17 to 19.
$Berkshire Hathaway 13F(LIST2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Bank of America(BAC.US$
$Berkshire Hathaway 13F(LIST2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Bank of America(BAC.US$
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The Dow fell 0.93%, gaining 0.72% for the week. The S&P 500 fell 0.71%, and the Nasdaq fell 0.81%, with weekly losses of 1.97% and 3.65%, respectively.
By the end of the trading day, the yield on the 10-year US Treasury was around 4.24%, up about 4 basis points for the day. The yield on the 2-year Treasury was around 4.51%, also up about 4 basis points for the day, with both yields rising about 6 basis points for the week.
WTI August crude futur...
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$XAU/USD(XAUUSD.CFD$
Gold downtrend temporally stalled at 2403 +/-?. 19/July/24. #XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..
Gold downtrend temporally stalled at 2403 +/-?. 19/July/24. #XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/102163453/20240719/1721373736792-random5953-102163453-android-org.jpeg/thumb?area=104&is_public=true)
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Here’s where the top indexes stand with one session left in the week:
$S&P 500 Index(.SPX.US$ is down 1.26% week to date, on pace for its worst week since April.
$Dow Jones Industrial Average(.DJI.US$ is up 1.66% week to date, on pace for its third positive week in a row.
$Nasdaq Composite Index(.IXIC.US$ is down 2.87% week to date, on pace to break a six-week winning streak.
$Russell 2000 Index(.RUT.US$ is up 2.33% week to date, on pace for its fourth po...
$S&P 500 Index(.SPX.US$ is down 1.26% week to date, on pace for its worst week since April.
$Dow Jones Industrial Average(.DJI.US$ is up 1.66% week to date, on pace for its third positive week in a row.
$Nasdaq Composite Index(.IXIC.US$ is down 2.87% week to date, on pace to break a six-week winning streak.
$Russell 2000 Index(.RUT.US$ is up 2.33% week to date, on pace for its fourth po...
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Netflix reported strong Q2 performance with 8.05 million net subscriber additions, surpassing forecasts. Despite this, the company’s Q3 revenue guidance of $9.73 billion fell short of the $9.82 billion Wall Street had expected, causing the stock to drop nearly 7% after hours before recovering.
Key Points:
Impressive Subscriber Growth: Netflix’s Q2 showed significant gains, especially in the Indian market.
Revenue...
Key Points:
Impressive Subscriber Growth: Netflix’s Q2 showed significant gains, especially in the Indian market.
Revenue...
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During his presidency, Trump frequently used Twitter to influence the stock market, forcing fund managers to monitor his tweets for trading cues. Now, Trump is once again wielding his personal influence over the market.
Trump’s ability to "control" the stock market is formidable. He extensively used Twitter to praise or criticize various industries or companies, causing market volatility. For example, on February 19, 2020, the U.S. stock market hi...
Trump’s ability to "control" the stock market is formidable. He extensively used Twitter to praise or criticize various industries or companies, causing market volatility. For example, on February 19, 2020, the U.S. stock market hi...
![Wall Street's Memories of "Trump Tweets" Are Back](https://ussnsimg.moomoo.com/sns_client_feed/70636860/20240719/8e9ae6ac91d44744aad9230b105daf4e.jpg/thumb?area=100&is_public=true)
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The S&P 500 and Nasdaq Composite are down 1.26% and 2.87%, respectively, heading into Friday. On the other hand, the Dow is up 1.66% and the small cap Russell 2000 is up 2.33%.
That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.
“The internals of the market are very healthy,” Evercore ISI strategist J...
That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.
“The internals of the market are very healthy,” Evercore ISI strategist J...
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Nvidia rebounds
Nvidia shares rose 3% on Thursday, recovering from a 7% drop in the previous session as Donald Trump’s comments on Taiwan raised geopolitical concerns.
Nvidia’s rise came after TSMC said demand remained high while supply was constrained for high-end AI chips, which TSMC manufactures for Nvidia.
The semiconductor sector had its worst day since 2020 on Wednesday, with AMD, Arm, Broadcom, and Qualcomm also declining. “While there is rising concern over g...
Nvidia shares rose 3% on Thursday, recovering from a 7% drop in the previous session as Donald Trump’s comments on Taiwan raised geopolitical concerns.
Nvidia’s rise came after TSMC said demand remained high while supply was constrained for high-end AI chips, which TSMC manufactures for Nvidia.
The semiconductor sector had its worst day since 2020 on Wednesday, with AMD, Arm, Broadcom, and Qualcomm also declining. “While there is rising concern over g...
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