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US STOCKS-Nasdaq Drops 3 As China s DeepSeek AI Model Hits Tech...

2025-07-10T02:50:28Z

Julieta3819:

Wall Street's 'fear gauge' jumps Nvidia falls after China's DeepSeek sparks AI market rout Indexes: Dow up 0.7%; S&P 500 down 1.5%; Nasdaq down 3.1% (Updates close with volume, Nasdaq posting biggest one-day drop since Dec. 18) By Caroline Valetkevitch NEW YORK, Jan 27 (Reuters) - Nasdaq posted its biggest one-day percentage drop since Dec. 18 on Monday as a low-cost Chinese artificial intelligence model prompted a steep selloff in U.S. chipmakers. AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September. An index of semiconductor stocks dropped 9.2% in its biggest single-day percentage fall since March 2020. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, raising questions about investor expectations that AI will drive demand along a supply chain from chipmakers to data centers. DeepSeek's AI Assistant by Monday had overtaken U.S. rival ChatGPT in downloads from Apple's App Store. Kim Forrest, chief investment [https://www.deer-digest.com/?s=officer officer] at Bokeh Capital Partners in Pittsburgh, said there are still many questions about the DeepSeek model and its impact. "Today is a drubbing for these (AI leader) stocks, but I don't necessarily think whatever's going to happen in the short while here - the next couple of days - is where they are ultimately valued," she said. Optimism over AI and gains in Nvidia and other big technology-related shares helped to drive the stock market's sharp gains in 2024. The Dow Jones Industrial Average rose 289.33 points, or 0.65%, to 44,713.58, the S&P 500 lost 88.96 points, or 1.46%, to 6,012.28 and the Nasdaq Composite lost 612.47 points, or 3.07%, to 19,341.83. The S&P 500 registered its biggest one-day percentage fall since Jan. 10. The Cboe Volatility Index, known as Wall Street's "fear gauge", rose. Among other big tech-related companies, Microsoft shares fell 2.1% and Google-parent Alphabet dropped 4.2%, while AI server maker Dell Technologies declined 8.7%. Data center operators also tanked, including Digital Realty , which fell 8.7%. Power companies, which are expected to see higher demand from energy-intensive data centers needed to develop AI technology, also fell. Vistra dropped 28.3%. Tech stocks are likely to stay in focus this week, with some big technology names, including Microsoft, due to post-quarterly results. Investors are keen to hear from the Federal Reserve, which is widely expected to hold its lending rate steady in its first interest-rate decision of the year due on Wednesday. Market watchers also were digesting news that the U.S. and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants. Volume on U.S. exchanges was 17.39 billion shares, compared with the 14.90 billion average for the full session over the last 20 trading days. Advancing issues outnumbered decliners by a 1.1-to-1 ratio on the NYSE. There were 109 new highs and 56 new lows on the NYSE. On the Nasdaq, [https://togel125.org/ pencabulan] 1,839 stocks rose and 2,641 fell as declining issues outnumbered advancers by a 1.44-to-1 ratio. (Additional reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru; Editing by Shounak Dasgupta, Devika Syamnath and Aurora Ellis)

Super Micro Forecasts Fourth-quarter Revenue Below Estimates;...

2025-07-10T02:39:43Z

Julieta3819:

By Priyanka G May 6 (Reuters) - AI server maker Super Micro Computer forecast fourth-quarter revenue below [https://www.wired.com/search/?q=Wall%20Street Wall Street] estimates on Tuesday and said economic uncertainty and tariffs might pressure near-term performance, sending its shares down 5.4% in extended trading. The San Jose, California-based company, which has been one of the biggest beneficiaries of the surge in spending on advanced data center infrastructure to support generative AI workloads, had faced months of accounting-related issues, fanning worries of a potential Nasdaq delisting. Super Micro - which builds AI servers using chips from Nvidia, Advanced Micro Devices and others - forecast quarterly revenue of $5.6 billion to $6.4 billion, compared with analysts' estimate of $6.82 billion, according to LSEG data. "Looking at the AI spending plans of the large public companies, SMCI's lower guidance in sales looks like it is a self-inflicted wound," said Kim Caughey Forrest, chief investment officer at Bokeh Capital Partners LLC. Some clients have delayed spending in the reported quarter, but those commitments are expected to land [https://togel125.org/ kontol] in the June-September quarter, Super Micro said in a statement. Investors are keenly watching for any signs of a pullback in AI-linked investments due to tariff-related uncertainties by parsing comments and forecasts from companies that provide critical infrastructure in the form of servers and chips to support the technology. However, it is too early to tell whether these disappointing results indicate a cooling data center business, said Gil Luria, managing director at D.A. Davidson & Co. "It is more likely Super Micro is losing share to the likes of Dell due to company-specific problems," Luria added. For fiscal 2025, the company forecast revenue of $21.8 billion to $22.6 billion, down from its previous projection of $23.5 billion to $25.0 billion. The company reported its preliminary results last week. (Reporting by Priyanka.G and Kritika Lamba in Bengaluru ; Editing by Anil D'Silva)

US STOCKS-Wall St Slips On Mixed Earnings Higher Treasury Yields

2025-07-10T02:11:02Z

Julieta3819:

Netflix falls after downbeat forecast Tesla down on latest cuts to US prices Morgan Stanley slips as Q1 profit falls * Indexes down: Dow 0.41%, S&P 0.46%, Nasdaq 0.64% (Updates prices to open) By Sruthi Shankar and Ankika Biswas April 19 (Reuters) - Wall Street's main indexes fell on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment. Tesla Inc dropped 2.4% after the electric-vehicle maker reduced prices for a sixth time this year in the United States, ahead of its first-quarter results. Netflix Inc slid 4.7% after the video-streaming pioneer issued a downbeat forecast. Morgan Stanley declined 1.8% as the Wall Street bank reported a fall in quarterly earnings, a day after rival Goldman Sachs Group Inc posted a 19% drop in profit on hit to dealmaking and [https://togel125.org/ scam] losses from the sale of some assets in its consumer business. While the start of the earnings season has been largely supportive for equities, investors will closely watch updates from market heavyweights as well as consumer companies for signs of inflation and economic slowdown hurting margins. Mixed economic data recently has fueled bets that the U.S. central bank will hike interest rates by 25 basis points in May, with traders seeing an 83% chance for such a move, as per CME Group's Fedwatch tool. The two-year Treasury yield, most reflective of short-term rate expectations, hit a one-month high and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. "I don't know if they're (Fed policymakers) going to raise a whole lot more, but all the hawkish tone is saying don't expect rate cuts this year, another thing driving yields a little bit higher because a lot of them had been anticipating a cut," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. "Also, UK inflation came in really hot and there are fears that it could spread here." Communication services, materials and technology were among the top S&P 500 sector decliners. The Fed's "Beige Book", a snapshot of the health of the U.S. economy, will be released at 2:00 p.m. ET (1800 GMT), and investors will scrutinize it for the impact of the recent banking crisis on economic activity. At 9:44 a.m. ET, the Dow Jones Industrial Average was down 140.38 points, or 0.41%, at 33,836.25, the S&P 500 was down 19.18 points, or 0.46%, at 4,135.69, and the Nasdaq Composite was down 77.37 points, or 0.64%, at 12,076.04. Chipmakers including Micron Technology and Qualcomm Inc were down around 1% each after European giant ASML Holding NV noted some signs of caution among customers. The Philadelphia SE Semiconductor index dropped 1.3%. Earnings from regional banks were mixed, with Citizens Financial Group Inc falling 3.4% after its first-quarter results missed estimates. Western Alliance Bancorp rallied 17.3% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis. Shares of First Republic Bank, Zions Bancorporation and Pacwest Bancorp rose between 3% and 8.1%. Declining issues [https://search.usa.gov/search?affiliate=usagov&query=outnumbered%20advancers outnumbered advancers] by a 3.70-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 57 new lows. (Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru Editing by Vinay Dwivedi)

Spirit Airlines To Pay 8.25M After Class-action Lawsuit Over Bag Fees

2025-07-10T01:38:01Z

Julieta3819:

Spirit Airlines has agreed to pay up to $8.25million to settle a class action lawsuit by [https://abcnews.go.com/search?searchtext=passengers passengers] over sneaky bag fees of up to $100. A group of first-time flyers on the airline who booked their trips using third-party travel websites between 2011 and 2017 sued the airline six years ago. They claimed the budget airline's carry-on bag fees were a surprise and intentionally hidden to make profit. The lawsuit stated that Spirit's 'bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers'. Lawyers for the plaintiffs disclosed the deal in a motion on Wednesday in federal court in Brooklyn and asked a judge to approve it, saying it 'represents a fair compromise.' Spirit Airlines has agreed to pay up to $8.25million to settle a class action lawsuit by passengers over sneaky bag fees of up to $100 A group of first-time flyers on the airline who booked their trips using third-party travel websites between 2011 and 2017 sued the airline six years ago They claimed the budget airline's carry-on bag fees were a surprise and intentionally hidden to make profit In the lawsuit, travelers accused Spirt of advertising misleading low prices on travel websites that did not reveal the bag fees passengers would have to fork out at the airport. 'Spirit falsely misled the Plaintiff and numerous other consumers, and continues to mislead consumers into believing that they are purchasing low airfare, when, in fact, Spirit makes up whatever discount it [https://www.homeclick.com/search.aspx?search=purports purports] to give consumers in fraudulent and unwarranted charges,' the suit read. 'Spirit's bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers to the public's detriment.' Those who did not pay for a carry-on bag ahead of time could be forced to pay $100 at the gate to have their bag on the flight, according to the lawsuit- even though bags checked ahead of time usually cost around $40. 'Spirit's fees are not conspicuously shown on its website or the websites of third party vendors, and consumers are often unaware of Spirit's large and plentiful fees until after they purchase a ticket that initially appeared attractive,' the defendants argued in the lawsuit. The lawsuit stated that Spirit's 'bait-and-switch and 'gotcha' tactics are designed to confuse, trick, and trap consumers' The travelers accused Spirt of advertising misleading low prices on travel websites that did not reveal the bag fees passengers would have to fork out at the airport They said these fees were sometimes as much as the tickets themselves. The plaintiffs originally sought $100 million in punitive damages, though that was dropped from a later version of the lawsuit. The class-action includes those who boked their flights through Expedia, Travelocity, Kiwi, CheapOair, CheapTickets or BookIt. Eligible travelers who seek refunds under the deal will get up to 75 percent of their fees back, though it could be lower depending on the total amount of refunds sought by all class members. The $8.25 million maximum payout will include attorneys' fees, according to the motion. Like other low-cost airlines, [https://togel125.org/ kontol] Miramar, Florida-based Spirit relies on added fees to help make up for lower base fares. Dailymail.com has contacted Spirit Airlines for comment.

US STOCKS-Wall St Slips On Mixed Earnings Higher Treasury Yields

2025-07-10T01:24:20Z

Julieta3819:

Netflix falls after downbeat forecast Tesla down on latest cuts to US prices Morgan Stanley slips as Q1 profit falls * Indexes down: Dow 0.41%, S&P 0.46%, Nasdaq 0.64% (Updates prices to open) By Sruthi Shankar and Ankika Biswas April 19 (Reuters) - Wall Street's main indexes fell on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment. Tesla Inc dropped 2.4% after the electric-vehicle maker reduced prices for a sixth time this year in the United States, ahead of its first-quarter results. Netflix Inc slid 4.7% after the video-streaming pioneer issued a downbeat forecast. Morgan Stanley declined 1.8% as the Wall Street bank reported a fall in quarterly earnings, a day after rival Goldman Sachs Group Inc posted a 19% drop in profit on hit to dealmaking and losses from the sale of some assets in its consumer business. While the start of the earnings season has been largely supportive for equities, investors will closely watch updates from market heavyweights as well as consumer companies for signs of inflation and economic slowdown hurting margins. Mixed economic data recently has fueled bets that the U.S. central bank will hike interest rates by 25 basis points in May, with traders seeing an 83% chance for such a move, as per CME Group's Fedwatch tool. The two-year Treasury yield, most reflective of short-term rate expectations, hit a one-month high and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. "I don't know if they're (Fed policymakers) going to raise a whole lot more, but all the hawkish tone is saying don't expect rate cuts this year, another thing driving yields a little bit higher because a lot of them had been anticipating a cut," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. "Also, UK inflation came in really hot and there are fears that it could spread here." Communication services, materials and technology were among the top S&P 500 [https://www.blogher.com/?s=sector%20decliners sector decliners]. The Fed's "Beige Book", a snapshot of the health of the U.S. economy, will be released at 2:00 p.m. ET (1800 GMT), and investors will scrutinize it for the impact of the recent banking crisis on economic activity. At 9:44 a.m. ET, [https://togel125.org/ sex] the Dow Jones Industrial Average was down 140.38 points, or 0.41%, at 33,836.25, the S&P 500 was down 19.18 points, or 0.46%, at 4,135.69, and the Nasdaq Composite was down 77.37 points, or 0.64%, at 12,076.04. Chipmakers including Micron Technology and Qualcomm Inc were down around 1% each after European giant ASML Holding NV noted some signs of caution among customers. The Philadelphia SE Semiconductor index dropped 1.3%. Earnings from regional banks were mixed, with Citizens Financial Group Inc falling 3.4% after its first-quarter results missed estimates. Western Alliance Bancorp rallied 17.3% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis. Shares of First Republic Bank, Zions Bancorporation and Pacwest Bancorp rose between 3% and 8.1%. Declining issues outnumbered advancers by a 3.70-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 57 new lows. (Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru Editing by Vinay Dwivedi)

US STOCKS-Wall St Slides As Treasury Yields Firm Ahead Of Fed...

2025-07-10T01:02:10Z

Julieta3819:

Arm announces full IPO over-allotment exercise Disney falls on doubling capex plan for parks business Canadian inflation jumps on higher gasoline prices * Indexes down: Dow 0.81%, S&P 0.73%, Nasdaq 0.87% (Updated at 12:11 p.m. ET/ 1611 GMT) By Ankika Biswas and Shristi Achar A Sept 19 (Reuters) - Wall Street's main indexes dropped on Tuesday with the Nasdaq and the S&P 500 hitting more than three-week lows as Treasury yields firmed ahead of the Federal Reserve's policy meeting. Investors also awaited Instacart's market debut, with the grocery delivery app's shares last indicated to open at $42, [https://togel125.org/ adult] well above the IPO price of $30 apiece, after parent Maplebear Inc secured a fully diluted valuation of $9.9 billion on Monday. Higher yields weighed on major growth stocks such as Amazon , Nvidia and Microsoft, down between 0.8% and 2.7%, while Consumer discretionary and communication services led declines in major S&P 500 sector indexes. Investors were focused on the two-day Fed meeting that starts later in the day, with the central bank expected to hold benchmark interest rate at the current 5.25%-5.50% range on Wednesday. Recent economic data has signaled that core inflation is crawling toward the Fed's 2% target, though crude prices gaining for three consecutive weeks to around 10-month highs remains a concern. A jump in Canada's annual inflation rate in August on higher gasoline prices has fueled investor worries, analysts said. "Markets will focus on the Fed's language, especially what they think," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "We all have an opinion on what the economy is doing, but apparently what the Fed thinks about it is the most important thing, if they see signs of softening or strengthening in the economy, and that will inform us what will happen in November." Traders have fully priced in a pause by the Fed on Wednesday, while chances of interest rates remaining unchanged in November stood at 71%, according to CME's FedWatch tool. Investors will scrutinize the Fed's quarterly report on economic projections, which will be released on Wednesday, to gauge participating members' longer-term policy outlook. Economic data has largely indicated that the U.S. economy remains resilient, raising hopes for a soft landing and allaying concerns of a possible recession. Chip designer Arm Holdings's stellar market debut last week has raised hopes of a revival in the initial public [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=offering offering] market, after a near 18-month dry spell, ahead of Instacart's debut. Arm shares, however, were on track to drop for a third session since their debut as investor interest fades in the company that saw the biggest IPO of the year so far. Positioning in the Arm's stock options on Tuesday continued to show investors were bracing for a further downside. At 12:11 p.m. ET, the Dow Jones Industrial Average was down 279.95 points, or 0.81%, at 34,344.35, the S&P 500 was down 32.64 points, or 0.73%, at 4,420.89, and the Nasdaq Composite was down 118.81 points, or 0.87%, at 13,591.43. Starbucks lost 2.1% after TD Cowen downgraded the coffee chain to "underperform". Walt Disney lost 3.7% after nearly doubling its capital expenditure for the parks business. Declining issues outnumbered advancers by a 1.87-to-1 ratio on the NYSE and by a 1.64-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and eight new lows, while the Nasdaq recorded 21 new highs and 201 new lows. (Reporting by Ankika Biswas and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi)

Stocks Yuan Copper Rise After China Unveils Stimulus

2025-07-10T00:57:12Z

Julieta3819:

China's yuan strengthens * Copper, oil also higher after China announcement (Updates to 11:30 a.m. ET/1530 GMT) By Caroline Valetkevitch NEW YORK, Sept 24 (Reuters) - A global stock index rose to a record high and copper prices hit their [https://www.trainingzone.co.uk/search?search_api_views_fulltext=strongest%20level strongest level] in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy. China's yuan hit a 16-month high against the U.S. dollar. The yuan last was up 0.61% against the greenback at 7.018 per dollar. People's Bank of China Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden. Pan also said China would roll out structural monetary policy tools for the first time to help stabilise capital markets. The S&P 500 moved lower after data showed U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. But the index was last up slightly. Investors are looking for clues on the Federal Reserve's next move after the U.S. central bank began its latest easing cycle last week with a 50 basis point cut in interest rates. MSCI's gauge of stocks across the globe rose 1.15 points, or 0.14%, to 841.20 and hit a record high. The STOXX 600 index gained 0.61%. Earlier, the blue-chip CSI300 index and the Shanghai Composite index surged, while Hong Kong's Hang Seng Index jumped to a four-month high. The Dow Jones Industrial Average rose 114.13 points, or 0.27%, to 42,238.78, the S&P 500 rose 0.75 points, or 0.01%, to 5,719.32 and the Nasdaq Composite rose 9.15 points, or [https://togel125.org/ xnxx] 0.05%, to 17,983.17. "Between now and the time the Fed meets, we'll have a couple of jobs reports. They've told us unemployment now is the thing that's driving rate cut decisions. The soft landing is when unemployment doesn't start skyrocketing," said Kim Forrest, chief investment officer at Bokeh Capital Partners. U.S. rate futures have priced in a 56.5% chance of another super-sized rate cut of 50 bps at the November meeting, with a 43.5% odds of the more standard 25 easing. U.S. crude rose 1.44% to $71.36 a barrel and Brent rose to $74.88 per barrel, up 1.31% on the day. Three-month copper on the London Metal Exchange climbed by 2.9% to $9,822 a metric ton by 1515 GMT after hitting its highest since July 15 at $9,825. In other commodities, spot gold rose 0.64% to $2,645.87 an ounce. Risk appetite improved after China's stimulus measures. U.S. Treasury long-dated yields edged higher. The yield on benchmark U.S. 10-year notes rose 0.7 basis points to 3.745%, from 3.738% late on Monday. The U.S. dollar index extended declines after the consumer confidence data. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.33% to 100.59, with the euro up 0.36% at $1.1152. Against the Japanese yen, the dollar strengthened 0.03% to 143.64. The Reserve Bank of Australia held interest rates steady, as expected, and reiterated that policy needed to stay tight, in contrast to the U.S. Federal Reserve which started its easing cycle with a 50 basis point (bp) cut last week. In a speech at a meeting with business leaders in Osaka on Tuesday, BOJ Governor Kazuo Ueda said it can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy. (Additional reporting by Sruthi Shankar, Ankur Banerjee, Johann M [https://www.thefashionablehousewife.com/?s=Cherian Cherian] and Purvi Agarwal; Editing by Mark Potter and Marguerita Choy)

US STOCKS-Tech Stocks Power Wall St Higher After Trump s Tariff...

2025-07-10T00:38:37Z

Julieta3819:

Indexes up: Dow 1.04%, S&P 500 1.34%, Nasdaq 1.68% Semiconductor, electronics makers jump Citigroup downgrades US stocks * Goldman Sachs rises after results (Updates after markets open) By Lisa Pauline Mattackal and Purvi Agarwal April 14 (Reuters) - Wall Street's main indexes rose on Monday, boosted by gains in technology stocks after the White House exempted smartphones and computers from new tariffs on Chinese imports, although additional levies on semiconductors remain imminent. The United States unveiled the exemptions on Friday, but President Donald Trump said he would announce tariff rates for imported semiconductors later in the week. The exempted tech products will face new duties within the next two months, U.S. Commerce Secretary Howard Lutnick said. These product categories make up about 20% of U.S. imports from China, according to Deutsche Bank. At 09:37 a.m. the Dow Jones Industrial Average rose 416.38 points, or 1.04%, to 40,629.09, the S&P 500 gained 71.87 points, or 1.34%, to 5,435.23 and the Nasdaq Composite gained 281.52 points, or 1.68%, to 17,005.97. Information technology led sub-sector gains and was up 2.3%. Most megacap and growth stocks rose, with Apple leading the bunch with a 5.4% gain. Chip stocks also advanced, with the Philadelphia SE Semiconductor index jumping 1.1%. PC maker HP gained 4% and retailer Best Buy added 5%. The CBOE Volatility Index, considered Wall Street's fear gauge, eased from eight-month highs hit last week and was last at 32.95. The exemptions would ease some pressures on the cost of consumer goods, notably on Apple products, [https://togel125.org/ xnxx] which would have become "un-sellable" if tariffs went into effect, said Kim Forrest, chief investment officer at Bokeh Capital Partners. "It feels as if the Trump administration is responding to consumer pressure... the huge tariffs placed on China might be walked back as well," Forrest said. The reprieve was the latest change to Trump's back and forth tariff policies that have escalated trade tensions between the U.S. and China and triggered the wildest swings on Wall Street since the 2020 COVID-19 pandemic. After slumping earlier last week, the S&P 500 notched its biggest weekly gain on Friday since November 2023. But the index was still about 4.5% away from levels seen before April 2's "Liberation Day" tariff announcement. With markets closed on Good Friday, the shorter trading week ahead will be scrutinized for signs on how policymakers, businesses and consumers assess the economic outlook amid such policy uncertainty. Goldman Sachs' shares were up 2.1% after the bank reported higher first-quarter profit. Quarterly earnings from companies including Netflix are on the radar this week. Among other stocks, obesity drugmakers gained after Pfizer said it would end the development of its experimental weight-loss pill. Eli Lilly and Viking Therapeutics were up 1% and 13%, respectively. Citigroup downgraded U.S. equities to "neutral" from "overweight" on expectations that tariffs would hit earnings growth. Commentary from U.S. Federal Reserve Chair Jerome Powell and retail sales data for March, both expected on Wednesday, will also be watched. Advancing issues [https://www.google.com/search?q=outnumbered%20decliners&btnI=lucky outnumbered decliners] by a 7.36-to-1 ratio on the NYSE, and by a 3.83-to-1 ratio on the Nasdaq. The S&P 500 posted one new 52-week high and no new lows, while the Nasdaq Composite recorded 19 new highs and 19 new lows. (Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Shinjini Ganguli and Pooja Desai)

Stocks Yuan Copper Rise After China Unveils Stimulus

2025-07-09T23:57:52Z

Julieta3819:

China's yuan strengthens * Copper, oil also higher after China announcement (Updates to 11:30 a.m. ET/1530 GMT) By Caroline Valetkevitch NEW YORK, Sept 24 (Reuters) - A global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy. China's yuan hit a 16-month high against the U.S. dollar. The yuan last was up 0.61% against the greenback at 7.018 per dollar. People's Bank of China Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden. Pan also said China would roll out structural monetary policy tools for the first time to help stabilise capital markets. The S&P 500 moved lower after data showed U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. But the index was last up slightly. Investors are looking for clues on the Federal Reserve's next move after the U.S. central bank began its latest easing cycle last week with a 50 basis point cut in interest rates. MSCI's gauge of stocks across the globe rose 1.15 points, or 0.14%, to 841.20 and hit a record high. The STOXX 600 index gained 0.61%. Earlier, the blue-chip CSI300 index and the Shanghai Composite index surged, while Hong Kong's Hang Seng Index jumped to a four-month high. The Dow Jones Industrial Average rose 114.13 points, or 0.27%, to 42,238.78, the S&P 500 rose 0.75 points, or 0.01%, to 5,719.32 and the Nasdaq Composite rose 9.15 points, or 0.05%, to 17,983.17. "Between now and the time the Fed meets, we'll have a couple of jobs reports. They've told us unemployment now is the thing that's driving rate cut decisions. The soft landing is when unemployment doesn't start skyrocketing," said Kim Forrest, chief investment officer at Bokeh Capital Partners. U.S. rate futures have priced in a 56.5% chance of another [https://ajt-ventures.com/?s=super-sized%20rate super-sized rate] cut of 50 bps at the November meeting, with a 43.5% odds of the more standard 25 easing. U.S. crude rose 1.44% to $71.36 a barrel and [https://togel125.org/ adult] Brent rose to $74.88 per barrel, up 1.31% on the day. Three-month copper on the London Metal Exchange climbed by 2.9% to $9,822 a metric ton by 1515 GMT after hitting its highest since July 15 at $9,825. In other commodities, spot gold rose 0.64% to $2,645.87 an ounce. Risk appetite improved after China's stimulus measures. U.S. Treasury long-dated yields edged higher. The yield on benchmark U.S. 10-year notes rose 0.7 basis points to 3.745%, from 3.738% late on Monday. The U.S. dollar index extended declines after the consumer confidence data. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.33% to 100.59, with the euro up 0.36% at $1.1152. Against the Japanese yen, the dollar strengthened 0.03% to 143.64. The Reserve Bank of [https://www.blogher.com/?s=Australia Australia] held interest rates steady, as expected, and reiterated that policy needed to stay tight, in contrast to the U.S. Federal Reserve which started its easing cycle with a 50 basis point (bp) cut last week. In a speech at a meeting with business leaders in Osaka on Tuesday, BOJ Governor Kazuo Ueda said it can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy. (Additional reporting by Sruthi Shankar, Ankur Banerjee, Johann M Cherian and Purvi Agarwal; Editing by Mark Potter and Marguerita Choy)

US STOCKS-S P 500 Posts Longest Weekly Winning Streak Since 2017;...

2025-07-09T23:15:22Z

Julieta3819:

Costco climbs after [http://www.techandtrends.com/?s=posting posting] upbeat Q1 results * U.S. business activity picks up in December - survey By Caroline Valetkevitch NEW YORK, Dec 15 (Reuters) - The S&P 500 ended a choppy session little changed on Friday but registered a seventh straight week of gains in its longest winning streak since 2017 after this week's dovish pivot by the Federal Reserve. The Dow Jones industrial average notched a record high close for the third session in a row. Comments Friday by Fed Bank of New York President John Williams that it was too soon to be talking about rate cuts dampened some of the day's optimism. Also, the rate sensitive real estate and utilities sectors fell more than 1% each, giving back some of this week's gains. Stocks rallied after the Fed in its policy statement Wednesday signaled lower borrowing costs in 2024. An index of semiconductors rose 9.1% for the week, its biggest weekly percentage gain since May. "What I think we got this week is that (Fed Chair Jerome Powell) doesn't want to overly punish the economy with (rates) being higher for longer for no good reason," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. "I don't know if we're going to get whatever is considered a Santa Claus rally, but it looks like all things being considered, we could drift higher from here." The Dow Jones Industrial Average rose 56.81 points, or 0.15%, to 37,305.16, the S&P 500 lost 0.36 points, or 0.01%, to 4,719.19 and the Nasdaq Composite added 52.36 points, or 0.35%, to 14,813.92. For the week, the Dow gained 2.9%, the Nasdaq climbed 2.8% and the S&P 500 added 2.5%. The day also marked the expiry of quarterly derivatives contracts tied to stocks, index options and [https://togel125.org/ video bokep] futures, also known as "triple witching." The day's volume was high. Volume on U.S. exchanges was 19.76 billion shares, compared with the 11.80 billion average for the full session over the last 20 trading days. Shares of Costco Wholesale jumped 4.4% after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries. Earlier on Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter. Declining issues outnumbered advancing ones on the NYSE by a 2.00-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favored decliners. The S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 180 new highs and 85 new lows. (Reporting by Caroline Valetkevitch; additional reporting by Shristi Achar A and Johann M Cherian in Bengaluru; [https://www.exeideas.com/?s=Editing Editing] by Shounak Dasgupta, Maju Samuel and Aurora Ellis)

2024 Bull Market Leaves Out US Small Caps So Far

2025-07-09T22:55:05Z

Julieta3819:

While the S&P 500 has piled on more than 17 percent so far this year, the small-cap Russell 2000 has risen a scant 0.4 percent A famous aphorism holds that a "rising tide lifts all boats," but small capitalization equities are still waiting for a boost from the 2024 bull market on Wall Street. While the S&P 500, which is comprised of larger companies, has piled on more than 17 percent so far this year, the small-cap Russell 2000 has risen a scant 0.4 percent. Market watchers point to lofty US interest rates -- at 22-year highs -- as one factor behind the yawning gulf in fortunes, given that smaller companies typically borrow more than larger peers because they are less profitable. Smaller equities "tend to get hurt more by the higher rates," said Sam Burns, chief strategist at Mill Street Research. "I think it's causing a big divergence in earnings, which then shows up in the relative returns." But that dynamic also means that small cap equities could be poised to prosper if the Federal Reserve pulls the trigger and cuts interest rates soon. A Fed interest rate cut in September could be the "first catalyst" for small caps to take off, said Art Hogan of B. Riley Wealth Management. If that happens, "small caps can likely catch a bid in anticipation of the Fed cutting for the first time because, it tends to start a pattern of more cuts and lower interest rates," Hogan said. Futures markets currently project two interest rate cuts in 2024, one in September, the other in December. - Slowing economy? - But not all market watchers attribute small caps' underperformance to high interest rates. "It's more about what the economy is doing," said Kim Forrest, chief investment officer at Bokeh Capital Partners, who describes conditions as "soft." "It's not even really tied to interest rates, because the companies certainly aren't going to borrow for expansion," she said. CFRA Research's Sam Stovall considers high interest rates a reason for the initial lagging performance of small cap stocks. But the stocks "did not tend to skyrocket shortly thereafter because of concern of an economic slowdown," he said. Burns notes that a disproportionate share of the [https://wideinfo.org/?s=market%27s market's] advance in 2024 has been enjoyed by large technology companies leading the generative artificial [https://imgur.com/hot?q=intelligence intelligence] business, [https://togel125.org/ porno] adding that the biggest companies are the best positioned to monetize advances. Technology "is a much bigger proportion of the S&P 500 than it is for, say, the Russell 2000," Burns said. "And even within the tech sector, I think the large caps are still doing better than the smaller cap technology companies on average." Forrest agrees, saying of "unloved" stocks in her portfolio, that "fundamentally, there's nothing wrong with them, other than they're not Nvidia." Market participants also note the rising influence of exchange traded funds, or ETFs, which account for some $8 trillion held in US markets. These investment vehicles are largely comprised of large cap companies. Market watchers also see a bias in sentiment towards larger companies, even outside of tech. "Big banks have gotten bigger," notes Burns, who sees multiple industries where smaller players "are struggling or just can't keep up."

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2025-07-09T22:54:58Z

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