NAS100 Eyes 16K Ahead of Tesla & Netflix Q2 Results
The tech-heavy index extended its gains on Monday and comes closer to the 16,000 mark, but is subdued today ahead of Wednesday’s quarterly earnings by Tesla and Netflix
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The tech-heavy index extended its gains on Monday and comes closer to the 16,000 mark, but is subdued today ahead of Wednesday’s quarterly earnings by Tesla and Netflix
The EV king releases its earnings for the second quarter on July 19, during which deliveries hit new records with the help of price cuts, but these had harmed its profits in the previous quarter
The streaming pioneer releases its latest quarterly results on July 19th and any insights around the progress on password sharing crackdown and the ad-supported tier will be welcome
Watch today’s US Open for insights on the soft US CPI inflation report that brings the US Dollar down, the watershed pause by the central bank of New Zealand and more
Headline CPI came in at 3%, lower than the previous months 4%, and core CPI was also lower at 4.8% (5.3% - previous). The monthly figures for both headline and core CPI were 0.2% each, which is a remarkable 2.43% annualised.
Watch today’s US Open for commentary on UK’s strong wage growth that keeps pressure on the BoE, China’s deflation concerns, key upcoming events and more
A notable aspect of this year's remarkable surge in technology stocks has been the significant influence exerted by the market's most valuable tech companies in terms of market capitalisation. This situation has presented a distinct challenge for the Nasdaq 100 stock index, which monitors the top 100 companies traded on the Nasdaq exchange.
In a letter directed to Meta CEO Mark Zuckerberg, Twitter has accused Meta Platforms of unlawfully utilizing Twitter's proprietary knowledge to construct its new Threads application. Meta has refuted these allegations.
Ahead of today’s highly anticipated NFPs, Thursday’s ADP report showed a big jump in private payrolls, which sent Wall Street lower and bond yields higher, as it increased chances for two hikes by the Fed
Watch today’s US Open for insights on Meta’s Twitter-rival platform, the Fed minutes that sustained expectation for a hike later in the month and more
Rivian hit a low of $11.68 in late April. Since then, the company has appreciated by close to 75% and is currently trading at $20.43. Importantly, the daily chart’s On Balance Volume indicator has moved above its red declining trendline, which indicates that Rivian shares have been accumulated since late June.
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