Asian stocks sink as tech profit-taking overshadows rate cut cheer – Investing.com
Investing.com — Most Asian stocks fell on Friday, with tech-heavy indexes dropping sharply as profit-taking hurt technology shares despite a weak U.S. inflation reading that boosted optimism for interest rate cuts. Regional stocks largely tracked Wall Street’s overnight decline, falling nearly 2 percent as profit-taking hit big technology stocks, especially chipmakers and artificial intelligence stocks. […]
Asian Tech Stocks Drop as Yen Whipsaws After Rally: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian tech stocks fell on Friday, echoing Wall Street’s declines, while the yen was shaky, as slowing U.S. inflation prompted investors to pull out of big tech companies. Most read articles on Bloomberg On Thursday, the Nasdaq 100 Index fell 2.2% after slowing inflation data that supports a rate cut, while an index […]
Stocks Suffer For The Last Two Months And More Likely Ahead
Estimated Reading Time: 6 minutes Readers might recall on August 3, and subsequent to that, we suggested that the stock market had gotten “overbought” and was vulnerable to the weakness that typically is found (called seasonality) in the late summer. Whether we are just lucky or smart, the market has cooperated by declining about 7% […]
Senators unveil bipartisan plan to ban president, lawmakers from buying stocks
Senators on Wednesday unveiled a bipartisan plan to ban the president, vice president and members of Congress from buying stocks and a wide range of other financial assets. The proposal from Sens. Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), Josh Hawley (R-Missouri) and Jeff Merkley (D-Ore.) is scheduled to be considered at a hearing in the […]
Dow Jones Today: US Stocks Extend Gains, Boosted by Strong Performance of Chipmakers – Investopedia
TSMC shares rise on strong earnings growth 38 minutes ago Shares of Taiwan Semiconductor Manufacturing Company (TSM) rose on Wednesday after the company released June sales figures and provided a fuller picture of its second-quarter performance. June sales rose 33% year over year. Combined with April and May results, the June data puts TSMC’s second-quarter […]
Top 5 Health Care Stocks That May Explode In July – Owens & Minor (NYSE:OMI) – Benzinga
The most oversold stocks in the healthcare sector offer an opportunity to invest in undervalued companies. The RSI is a momentum indicator that compares the strength of a stock’s price on days when it has risen to the strength of its price on days when it has fallen. By comparing this with the price movement, […]
French stocks retreat as election result sows fiscal worry – Yahoo Finance
(Bloomberg) — French markets erased initial losses as investors speculated that an election that failed to deliver a clear majority would force the next government to make compromises and back off its most extreme policies. Most read articles on Bloomberg The CAC 40 index rose 0.2% after dropping 0.6% at the open. French government bonds […]
These stocks, including Nvidia, have more room to run in July, Bank of America says – CNBC
Bank of America said this week that a string of stocks are set to rally as the summer heats up. The firm said companies like Nvidia are in good shape heading into the second half of the year. CNBC Pro combed through Bank of America research and found compelling buy recommendations that can’t be ignored. […]
European Stocks Advance With Elections in Focus: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks rose as a key election took center stage and investors grew optimistic about a Federal Reserve interest rate cut after U.S. economic data backed up the case for easier monetary policy. Most read articles on Bloomberg France’s CAC 40 index rose for a second day in a row ahead of the […]
Not An Everything Rally: 2024's Worst S&P 500 Stocks So Far From Boeing To Intel – Forbes
Top Line Several big names, including a local staple, the world’s most valuable seller of yoga pants, the semiconductor chip industry’s oldest company and the largest U.S. aircraft manufacturer, were somberly watching the stock market’s historic rally in 2024. Investment returns were relatively grim. Considering rival Nvidia and other silicon companies, Intel is perhaps the […]