Stock Market

Last week saw significant market volatility due to worries over economic growth, yen carry trade issues, and a tech stock selloff. The S&P 500 initially dropped but recovered slightly, ending the week down 0.04% while maintaining a 12.04% gain for the year. Oil prices rose on geopolitical tensions, copper fell due to growth concerns, and gold slipped as traders took profits. Key upcoming data, including July’s CPI and Retail Sales,…

A severe downturn hit U.S. tech megacaps on Monday, with Nvidia, Apple, and Amazon leading a $1 trillion loss in market capitalisation. Japan's Nikkei 225 suffered its worst drop since 1987, while Bitcoin declined by 11%. The yen's unexpected strength and recession fears contributed to market instability. However, Japanese markets rebounded strongly on Tuesday, recovering over 9%, supported by a recent Bank of Japan rate hike. Other Asia-Pacific markets also…

Global markets are volatile, with the Nasdaq and Nikkei experiencing significant drops. Weak U.S. jobs data and central bank policies are fueling recession fears. Safe-haven assets are rising, and analysts caution that while recent market corrections may offer opportunities, the situation remains uncertain.

The tech-heavy slumps to correction territory as Friday’s jobs report sparked recession fears and boosted market pricing for aggressive rate cuts while Mag7 earning did not dispel AI bubble fears

The tech giant posted revenue growth and expects this to continue in the current quarter, but sales in China contracted as headwinds persist

Amazon's latest financial report revealed a mixed performance, leading to an 8% decline in after-hours trading. The company's revenue for the quarter ending in June reached $148 billion, a 10% increase from the previous year, but slightly under analysts' expectations of $148.7 billion. Despite this, Amazon achieved a significant 94% rise in earnings per share, reaching $1.26, well above the forecasted $1.03. The Amazon Web Services (AWS) division continued to…

The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology

AMD exceeded expectations with strong Q2 results and a bullish forecast for AI GPU revenue, boosting its shares. Microsoft reported better-than-expected earnings and revenue but saw a slight shortfall in Azure growth. Both companies are investing heavily in AI to capture emerging market opportunities.

On Tuesday, Nvidia's stock dropped significantly, ending the day 7% lower at $103.73, marking its lowest point since late May. The company's stock has struggled in July, declining 16% and potentially marking its worst monthly performance since September 2022. This decline is partly attributed to a shift in market sentiment, with investors moving away from high-performing tech stocks and reallocating capital into smaller-cap stocks, which might benefit from potential interest…

Jensen Huang and Mark Zuckerberg shared their enthusiasm for AI advancements during a discussion at SIGGRAPH 2024. They highlighted the rapid progress in generative AI and anticipated significant innovation over the next five years. Zuckerberg mentioned the potential of AI agents to interact with customers and carry out complex tasks. Meta's latest release, Llama 3.1, and the upcoming 4.0 version demonstrate their commitment to AI development. Huang acknowledged Meta's contributions…

The tech heavy index is in precarious position amidst skepticism around the viability of the AI rally and a rotation to small caps and this week’s earnings and other key events that can determine its trajectory