Nvidia has fallen, and bitcoin has crashed, but the US stock market continues to move forward under heavy pressure.
Despite the slump in nvidia stock prices, the volatility of the bitcoin market, and even the political uncertainty caused by Joe Biden's debate defeat, the S&P 500 index still maintains its upward momentum. This week, led by tech giants, the S&P 500 index achieved a weekly gain of 2%, its best performance since April. This week, growth tech stocks, including google, apple, microsoft, and Meta, all rose with the exception of nvidia. Market sentiment has improved significantly due to heavyweight economic data support for interest rate cuts. Many believe that the US economy is still in an expansionary phase, enough to avoid a recession, while the Fed
Apple Approves Epic Games' Marketplace App In Europe Amid Ongoing Feud
Apple Inc. (NASDAQ:AAPL) has approved the marketplace app of Epic Games, the creator of "Fortnite," for iPhones and iPads in Europe. This move comes amid a continuing conflict between the two tech beh
Non-farm employment boosts the expectation of interest rate cuts, S&P Nasdaq hits new highs again, Tesla rose nearly 38% in eight days, Nvidia stalled, and US Treasury yields fell sharply.
The US non-farm payroll report strengthens expectations of an interest rate cut in September. The US non-farm payroll report shows that 206,000 new jobs were added in June, higher than the expected 190,000, but significant downward adjustments in non-farm new employment in April and May offset the impact of June's better-than-expected numbers. In addition, the unemployment rate unexpectedly rose to its highest level in two and a half years, while wage growth fell to its lowest level in three years, increasing signs of a cooling labor market in the United States. Commentators say that solidifying expectations of an interest rate cut in September will require support from another round of data, as well as more importantly, inflation data next week and data next month. Analysts also say that recent data is "
S&P Kicks off H2 With Best Week Since Late April, Now Within Sight of 5,600 Points
This New S&P 500 Buy Signal Gives You Another Reason to Stay Bullish About Stocks
By Lawrence G. McMillan NYSE new highs overtake new lows, and there's activity in Akamai and Walgreens shares The S&P 500 index SPX continues to rise, setting all-time highs on both an intraday and
S&P 500, Nasdaq Close at Record Highs After Jobs Report Brings Hopes for Fed Rate Cuts | Wall Street Today
The S&P 500, Nasdaq ended the week at all-time highs, with traders looking past signals of Friday’s jobs report to focus on prospects for Federal Reserve rate cuts.
Disney CEO Bob Iger Nears Purchase Of Women's Soccer Club, Could Set Record For Priciest Women's Sports Team
The Walt Disney Company (NYSE:DIS) CEO Bob Iger rejoined the company in the CEO role in November 2022.In addition to leading Disney, Iger may soon add sports team owner to his list of titles.What Happ
Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may
Express News | Benzinga Market Summary: Mixed Jobs Data, Tesla Continues Higher, Chinese EV Stocks Fall
Express News | 'Sen. Mark Warner Seeks To Assemble Group Of Democratic Senators To Ask Biden To Exit Race' - Washington Post
Express News | Biden Says "Not Letting Debate Wipe Out Years Of Work; I Am Staying In The Race; I Am Running And I Am Going To Win Again"
Study Links GLP-1 Drugs, Metformin to Lower Risk of Certain Cancers
What's Going On With Google Shares Friday?
Google Inc. (NASDAQ:GOOG) shares are moving higher Friday afternoon possibly as the company faces significant challenges regarding its dependency on Apple's Safari browser.What's Happening: A new repo
What's Going On With Eli Lilly Shares Friday?
Eli Lilly and Co. (NYSE:LLY) shares are experiencing increased activity Friday afternoon. Here's what you need to know.What's Happening: Morgan Stanley has maintained its Overweight rating on Eli Lill
Intel And AMD Are Going For A Bigger Role In The AI Era, But At A Gradual Pace
Nvidia Corporation (NASDAQ:NVDA) undoubtedly had an early lead in the AI chip race, but its rivals are doing their best to challenge its dominance. After more than one failed attempt to discreetly ent
U.S. Economy and Jobs Market Are Showing Cracks. Fed Rate Cuts Are Not Far Off.
By Jeffry Bartash Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon. The latest evidence? A June jobs report wh
Express News | The S&P And Nasdaq Are Higher Following US Jobs Data
Express News | Reported Earlier, U.S. Baker Hughes Oil Rig Count Unchanged At 479 Total; U.S. Baker Hughes Gas Rig Count +4; U.S. Baker Hughes Total Rig Count 585 Vs 581 Prior
Express News | Trump Seeks Pause On Secret Documents Case After Immunity Ruling; Requests Florida Court To Consider Supreme Court Opinion
Apple Shares Are Surging Friday: What You Need To Know
Apple Inc. (NASDAQ:AAPL) shares are moving higher Friday. Here's what you need to know.What's Going On: The company is facing new accusations from Epic Games, the creator of "Fortnite," over blocking