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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 "
The SOX index rose for the fifth consecutive day, with AMD and Global Foundries showing gains.
Closing price: 5656.31, up 4.59 (+0.08%) from the previous day. The Philadelphia Semiconductor Stock Index (SOX) has risen slightly for the fifth consecutive day. Among individual stocks, AMD, Global Foundries, Intel, Rambus, Kolb, On Semiconductor, Qualcomm and others have risen.
Advanced Micro Devices Shares Are Trading Higher Friday: What You Need To Know
Advanced Micro Devices, Inc. (NASDAQ:AMD) has seen notable activity this week, with shares trading higher on Friday afternoon following earlier jobs data.What's Going On: The week began with AMD and o
AMD Shares Are Trading Higher, Possibly Amid Strength in Tech Stocks Following US Jobs Data.
AMD Shares Are Trading Higher, Possibly Amid Strength in Tech Stocks Following US Jobs Data.
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
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
This NVIDIA Analyst Is No Longer Bullish; Here Are Top Downgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag
Several Semi Stocks Rise Decisively During End-of-week Rally
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Nvidia has been downgraded rarely, and analysts have expressed concerns about its valuation. The stock price fell more than 2% at one point.
More news, continuously updated.
Goldman Sachs' Pasquariello: This Is How Market Breadth Is Expected to Broaden
Elon Musk's X Faces EU Penalty Warning For Failing To Control Harmful Content
The European Union is set to issue a formal warning to X, Elon Musk's social media platform (formerly known as Twitter), for failing to tackle dangerous content.This marks the third significant action
Market Breadth Will Broaden Through Mid-2025 - Wells Fargo
The US non-farm payrolls boost expectations of interest rate cuts, with the Nasdaq leading the way higher. The 'Seven Sisters' rise, but Nvidia falls 2%, and Xpeng briefly drops more than 10%.
On Friday, July 5th, the positive news of a rate cut in June's non-farm payroll in the United States boosted the Nasdaq, and the S&P 500 and Dow Jones also turned up. The Nasdaq, mainly composed of technology stocks, rose further after three consecutive days of record closing highs, with intraday gains expanding by 110.8 points or 0.6%. After opening high, the S&P 500 fell and widened its decline to nearly 0.1%, but recovered slightly later. The Dow Jones, which brings together blue-chip stocks, bounced back after an intraday fall of more than 139 points or over 0.35%. Most of the growth tech stocks rose, with large technology stocks rising all the way, and the "Metaverse" Meta rose by 3.7%. Google A rose to 2.2%, and Netflix rose.
Reported Earlier, 'Google Struggles To Lessen Reliance On Apple Safari; Apple's Cut Represents 36% Of The Ad Revenue Google Gets From Searches Done Through The IPhone's Safari Browser. The Remaining 64% Means Google Gets Around A Quarter Of All Its...
Reported Earlier, 'Google Struggles To Lessen Reliance On Apple Safari; Apple's Cut Represents 36% Of The Ad Revenue Google Gets From Searches Done Through The IPhone's Safari Browser. The Remaining 6
Nvidia Receives Rare Downgrade as New Street Sees It Fully Valued
Nvidia (NASDAQ:NVDA) was downgraded to Neutral from Buy by New Street Research as the London-based investment firm views the stock as fully valued for its base case.
Market Clubhouse Morning Memo - July 5th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates thes
NVIDIA Shares Are Trading Lower After New Street Research Downgraded the Stock From Buy to Neutral.
NVIDIA Shares Are Trading Lower After New Street Research Downgraded the Stock From Buy to Neutral.
ARM Hits Record High Today. What Are the Reasons Behind the Surge?
ARM has risen more than 140% this year. How does this UK-based company make money?
What the Options Market Tells Us About Broadcom
High-rolling investors have positioned themselves bullish on Broadcom (NASDAQ:AVGO), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tr