U.S. equity indices wobbled ahead of a key inflation data that could sway the Federal Reserve on the interest rate path. The$S&P 500 Index(.SPX.US)$swung between gains and losses before closing little changed at 5,482.87 Thursday, while the tech-heavy$Nasdaq Composite Index(.IXIC.US)$gained 0.3% 17,858.68. The$Dow Jones Industrial Average(.DJI.US)$barely budged, ending the trading day at 39,164.06. The fate of t...
Leading financial institutions, including Bank of America (BofA), UBS Group, and JPMorgan, forecast sustained growth for the semiconductor industry, with a peak not expected until mid-2026. Analysts attribute the robust industry performance to technological advancements and diversification, predicting a bullish trend for semiconductor stocks based on positive market dynamics and earnings potential. BofA: Chip Stocks Won't Peak Until M...
Yesterday we saw the stock making upward trend for most of the session. That is well supported by the rebound in major indices from last week. Even though we saw some volatility in the afternoon session which came from the Treasury Department's quarterly borrowing estimates, market still managed to recover and close in the Green. The Treasury's announcement that Q2 borrowing is projected at $243 billion, $41 billion more than pr...