Stocks in the US surged to a brand-new all-time high, largely for two core reasons... Firstly, it’s thanks to Trump’s launch of the US$500 billion AI project, Stargate, which ignited a new wave of AI investment and buying of AI-related stocks. Names like Oracle$Oracle (ORCL.US)$, Palantir$Palantir (PLTR.US)$and Monolit...
Investors are heavily buying into the new hottest momentum power play chip stocks, like Broadcom, Micron, and Marvell, which are gaining market share. While they’re buying Tesla$Tesla (TSLA.US)$shares in droves, which sent Tesla shares up 6.1% overnight to $463.02 after it unveiled details of its gaming changing cheapest EV yet. While Bit...
Overnight the Nasdaq rose over 1%, with Nvidia$NVIDIA (NVDA.US)$shares climbing 4.9% ahead of the world’s biggest chipmaker releasing results that could move its stock by 8% (and drive markets) in either direction, as it makes up 9% of the Nasdaq. Tesla’s$Tesla (TSLA.US)$stock gained 2%, boosting Elon Musk’s wealth by US$12.9 ...
Global container rates surge to 2022 highs, China manufacturing and output strengthens for 7th month amid chip demand + investor implications 1- China's manufacturing and output grows stronger than expected, with the readings the highest since June 2022. The Caixin PMI Index rose to 51.7, vs Est. 51.6. Manufacturing output hit 54.3 vs 53.1 in April. ...
G'day, mooers! Check out the latest news on today's stock market! • Nasdaq Closes at Record High • ASX rises on rate fears ease; Lendlease rallies on $4.5b restructure announcement • Stocks to watch: Lendlease, Megaport, Ingenia Communities Wall Street Summary Stocks rose Friday as data revealed that American consumers have lowered their inflation expectations, boosting optimism about potential Fede...
Megaport Ltd Stock Forum
Firstly, it’s thanks to Trump’s launch of the US$500 billion AI project, Stargate, which ignited a new wave of AI investment and buying of AI-related stocks. Names like Oracle $Oracle (ORCL.US)$, Palantir $Palantir (PLTR.US)$and Monolit...
Top losers: $Zimplats Holdings Ltd (ZIM.AU)$, $Coronado Global Resources Inc (CRN.AU)$ and $Insignia Financial Ltd (IFL.AU)$
$S&P/ASX 200 (.XJO.AU)$ closed down 0.06%, or 4.6 points, at 8309.40 points, reversing early gains. This was due to a more risk-averse investor approach ahead of the US Federal Reserve's interest rate decisio...
• Top losers: $IDP Education Ltd (IEL.AU)$, $Megaport Ltd (MP1.AU)$, $Seek Ltd (SEK.AU)$
Market Performance
The $S&P/ASX 200 (.XJO.AU)$ closed 0.7% higher at 7,821.8 on Thursday, driven by broad-based gains across the index. The benchmark remained in positive territory throughout the day, following Canada's central bank's dec...
1- China's manufacturing and output grows stronger than expected, with the readings the highest since June 2022. The Caixin PMI Index rose to 51.7, vs Est. 51.6. Manufacturing output hit 54.3 vs 53.1 in April.
...
• Top losers: $Ebos Group Ltd (EBO.AU)$, $Megaport Ltd (MP1.AU)$, $Metrics Master Income Trust (MXT.AU)$
Market Performance
Australia's S&P/ASX 200 closed 1.0% higher at 7701.7, paring its recent losses but still slipping to a second straight weekly loss. Ten of eleven sectors finished higher as the benchmark index bounced from...
• Nasdaq Closes at Record High
• ASX rises on rate fears ease; Lendlease rallies on $4.5b restructure announcement
• Stocks to watch: Lendlease, Megaport, Ingenia Communities
Wall Street Summary
Stocks rose Friday as data revealed that American consumers have lowered their inflation expectations, boosting optimism about potential Fede...
• Top losers: $Worley Ltd (WOR.AU)$, $Megaport Ltd (MP1.AU)$, $Ampol Ltd (ALD.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.35% higher at 7664.1 but still completed its first month of losses since October. The benchmark index notched a second straight daily gain amid strength in shares of its largest companies, but los...
No comment yet