It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…
It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…
Thee S&P 500 lost 2.7pc, to end at 5,614.99 points, while the Nasdaq Composite lost 4pc, to 17,470.21. The Dow Jones Industrial Average fell 2.1pc, closing at 41,911.09. The yields on US government bonds fell today as investors bought US debt after investors became less confidence in the stock market. Bond yields fall as bond…
US stocks fell on Monday as the threat of tariffs against Mexico and Canada were put back on the table, and investors awaited this week’s Nvidia (NVDA) earnings. The Dow Jones Industrial Average (^DJI) was little changed, while the S&P 500 (^GSPC) fell 0.5%. The tech-heavy Nasdaq Composite (^IXIC) fell 1.2% as Microsoft (MSFT), Nvidia…
The Federal Reserve held interest rates steady at its meeting in January. The minutes from that meeting, released on Wednesday, revealed most Fed officials supported holding policy at restrictive levels. “Many participants noted that the Committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remained elevated, while…
Investors continue to be bullish on stocks. According to Bank of America’s latest fund manager survey released on Tuesday, cash levels have fallen to 15-year lows as traders double down on equities. “Long Magnificent 7” remains the most crowded trade, according to 56% of respondents, followed by the US dollar and crypto. But Big Tech…
Shares of Intel (NASDAQ: INTC) were up by 8.4% as of 1:45 p.m. ET Thursday after having gained as much as 10.5% earlier in the session. At the time, the S&P 500 was up by 0.5% and the Nasdaq Composite had gained 0.8%. Reports came out Wednesday that the semiconductor giant, which has fallen behind…