Fresh All-Time Highs and Powell Says Hi | Herd on Wall Street

Morning traders, happy Tuesday, July 9th. The market watched Federal Reserve Chair Jerome Powell comment before the Senate about macroeconomics while the Nasdaq and S&P 500 hit fresh all-time highs Tuesday morning.

Kevin TraversJul 9 10:58 ET

HK stocks surge | GDS Holdings-SW(09698) rises over 9% again. Domestic new usage area reaches a three-year high and overseas business is expected to maintain strong growth.

GDS Holdings' SW (09698) surged more than 9%. As of writing, it rose by 7.82% to HKD 11.3 with a turnover of HKD 15.6087 million.

Zhitong FinanceJul 8 22:33 ET

US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.

Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high

wallstreetcnJul 8 18:41 ET

GDS Holdings Analyst Ratings

Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/08/2024 29.75% RBC Capital $13 → $14 Upgrades Sector Perform → Outperform 03/28/2024 -35.13% JP Morgan

BenzingaJul 8 06:00 ET

RBC Capital Upgrades GDS Holdings(GDS.US) to Buy Rating, Raises Target Price to $14

RBC Capital analyst Jonathan Atkin upgrades $GDS Holdings(GDS.US)$ to a buy rating, and adjusts the target price from $13 to $14.According to TipRanks data, the analyst has a success rate of 69.3%

Moomoo NewsJul 8 05:33 ET · Ratings

Express News | GDS Holdings Ltd : RBC Raises to Outperform From Sector Perform; Raises Target Price to $14 From $13

ReutersJul 8 00:56 ET