by Jibran Munaf | October 22, 2024 | Stocks & Bonds
Nvidia’s stock surged to a record high on Monday, buoyed by continued confidence from Wall Street analysts ahead of the company’s upcoming earnings report in November. The AI chipmaker’s shares climbed over 4%, closing at $143.71 per share. Wall Street analysts...
by Jibran Munaf | October 22, 2024 | Markets
The Dow Jones Industrial Average fell sharply on Monday, snapping a three-day winning streak, as rising Treasury yields weighed on investor sentiment ahead of key earnings reports. The S&P 500 also slipped, while the Nasdaq Composite edged higher, bucking the...
by Jibran Munaf | October 21, 2024 | Commodities
Industrial metals, including copper and zinc, rose following Chinese banks’ decision to lower their benchmark lending rates. The move is part of Beijing’s broader efforts to support the nation’s economy and meet growth targets for the year. The rate cuts, which...
by Jibran Munaf | October 21, 2024 | Markets
Investors are bracing for volatility as trading of Nebius Group, an AI infrastructure firm that spun off from Yandex, resumes on the Nasdaq on Monday. The Amsterdam-based company’s stock was previously suspended after Russia’s invasion of Ukraine in February...
by Jibran Munaf | October 21, 2024 | Market Analysis & Commentary, Markets
Futures tracking the S&P 500 and Dow Jones Industrial Average held steady on Monday, while Nasdaq futures dipped as investors braced for a busy earnings week that could either stall or accelerate Wall Street’s recent rally. As of 5:19 a.m. ET, Dow E-minis edged up...
by Jibran Munaf | October 20, 2024 | Stocks & Bonds
Cathie Wood, the renowned fund manager behind Ark Invest, made waves again this week by selling a significant portion of Robinhood Markets (HOOD) stock. Known for her bold investment in disruptive technologies, Wood offloaded 391,668 shares of the trading app...
