U.S. stocks are higher on Monday, recovering from last week’s decline, with investors looking ahead to the release of the latest inflation reading as well as the start of earnings season for the first quarter. Wall Street started this week with positive numbers following last Friday’s gains, which exceeded expectations for non-farm payrolls. This recovery […]
5 key events on Wall Street today
All attention is focused on the release of the expected U.S. monthly employment report, looking for clues as to when the Federal Reserve (Fed) will begin cutting interest rates. Apple (AAPL) has reported its first job cuts since pandemic times, while Treasury Secretary Janet Yellen is visiting China. Here are the five most important things to […]
Wall Street is upbeat: hopes for rate cuts boost stocks
U.S. stocks opened higher on Thursday after disappointing weekly jobless claims data raised the possibility of early interest rate cuts by the Federal Reserve (Fed). Fed Chairman Jerome Powell has given few clues related to rate cuts as the non-farm payrolls report approaches. The number of Americans filing for unemployment benefits increased more than the […]
Xiaomi stocks rise after launching its first electric car
Xiaomi launched its first electric vehicle, the SU7, which led to a 15% increase in its shares. The vehicle is priced $4,000 less than the Tesla Model 3 and offers a longer range. Demand for the SU7 was immediate and overwhelming, with more than 50,000 orders placed within almost half an hour of launch, resulting in […]
Tesla worries Wall Street
Tesla In, (TSLA) may be headed for a grim milestone as both demand for electric vehicles and high interest rates affect the company’s sales. According to Wall Street analysts, estimates for this week’s delivery report were quickly revised as the end of the quarter approached. Some on Wall Street are even bracing for Tesla’s first sales decline […]
Nasdaq leads Wall Street
The market begins a week that will be marked by employment. On Monday, the Nasdaq led Wall Street gains following mixed numbers from Thursday. It ended March and, consequently, the first quarter of the year on a high note. This performance enabled the S&P 500 to record its best start to a year since 2019. […]
Wall Street cuts path of record highs in short week for for the holidays
Wall Street’s major indexes closed lower yesterday, Monday, March 25th, during a short week due to the Easter holidays. This comes amidst a calendar packed with important data releases and ongoing investor analysis of the Federal Reserve’s (Fed) potential interest rate path. Last week’s bullish rally following the Fed meeting propelled Wall Street to record […]
Wall Street revaluates Nike’s price target pending results
Next Thursday, March 21, Nike B will release its results in reference to the third fiscal quarter of 2024. Wall Street analysts have renewed their price target for Nike B with a positive outlook, despite negative estimates According to Brand Finance’s 2023 Apparel 50 Annual Report, Nike was named the top sports brand worldwide for the ninth […]
Bank of America revises upward positive S&P 500 estimates
The S&P 500 will deliver higher-than-expected earnings in 2024, fueled by steady growth and advances in artificial intelligence, according to analysts at Bank of America Corp. (BAC), recognized as one of Wall Street’s top earnings forecasters. In a recent statement, the financial institution commented that they have raised their S&P 500 earnings per share (EPS) estimate to $250 […]
Boeing stocks have fallen more than 25% so far in 2024
Boeing shares fell nearly 3.2% to be the worst performer among members of the Dow Jones Industrial Average. The disappointing year for Boeing (BA) continues into 2024, recently hitting a new low, with shares plunging more than 25% so far this year, just after the Justice Department began a criminal investigation into issues related to the […]