The$S&P 500 Index(.SPX.US)$recovered from its biggest weekly slump since April, and the$Nasdaq Composite Index(.IXIC.US)$rebounded, buoyed by gains in$NVIDIA(NVDA.US)$,$Tesla(TSLA.US)$and the rest of their Magnificent Seven peers. Nvidia, which dominates the semiconductor market for chips used to power artificial intelligence applications saw its shares climb 4.6% Monday, recouping some of its loss last week. ...
Morning traders, Happy Monday, where the market is open and working properly following a blue screen filled Friday. Investors are pricing in the aftermath of the closest to election day step down of a presumptive nominee: Biden is out. $Verizon(VZ.US)$stock traded 6% lower on Monday after it reported fiscal second-quarter results. Its sales increased 0.6% yearly to $32.8 billion, marginally missing the analys...
Financial markets, including currencies, shares, cryptocurrencies, and commodities, are poised to react to US President Joe Biden's withdrawal from the 2024 presidential race. Wall Street and European markets may face increased volatility. Following an assassination attempt on Donald Trump, Biden has decided to withdraw from the race and endorse Vice President Kamala Harris as the Democratic nominee. Investors ...
On Sunday, July 21, President Biden announced in a social media post that he will not seek re-election in 2024, throwing his full support behind Vice President Kamala Harris for the Democratic presidential nomination. In his message, Biden stated that while he initially intended to run for re-election, he believes it is in the best interest of the Democratic Party and the country to step aside and focus on completing his...
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...
Nvidia, which dominates the semiconductor market for chips used to power artificial intelligence applications saw its shares climb 4.6% Monday, recouping some of its loss last week. ...
Dead cat bounce. The index is still on the down trend.
$Verizon(VZ.US)$ stock traded 6% lower on Monday after it reported fiscal second-quarter results. Its sales increased 0.6% yearly to $32.8 billion, marginally missing the analys...
Following an assassination attempt on Donald Trump, Biden has decided to withdraw from the race and endorse Vice President Kamala Harris as the Democratic nominee. Investors ...
In his message, Biden stated that while he initially intended to run for re-election, he believes it is in the best interest of the Democratic Party and the country to step aside and focus on completing his...
“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...
He predicts that the market will return to a bear market by the end of this year or at the latest, next year.
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