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Fed Chair Powell kept the door open to more hikes on Friday, but the tech heavy index shows resilience to the hawkish messaging, helped by Nvidia’s AI-Powered blockbuster results
It has been a bad week for US sports retailers Dick’s Sporting Goods & Foot Locker, as their disappointing quarterly results caused their stocks to slump and also weighed on the stock of sneaker giant Nike
Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
With just a week left of the month, the NAS100 August candlestick (blue arrow) shows interesting price action. Initially, the month was bearish, with bears taking the index down to the month low of 14,555. However, the bears lost control at this level with the bulls taking over. The bulls have pushed price back up to the 15,350 levels and remain in control. We caution that the monthly candle is…
The chip designer continues to reap the benefits of the Artificial Intelligence boom, as shown by Wednesday’s quarterly report, which revealed record revenues due to AI demand
The tech heavy index rises as markets brace for Wednesday’s earnings by AI chip-maker Nvidia and the Fed’s gathering at Jackson Hole which kicks off on Thursday
The US index is having a bad month and dropped into the daily Ichimokou Cloud yesterday, as strong data and the Fed minutes keep the door open to further monetary tightening, but reacts today
Watch today’s US Open for insights on the CPI inflation update form the US, China’s deflation, Disney’s stock outlook after the mixed quarterly results and more
The entertainment giant is having a rough patch and Wednesday’s quarterly results provided reasons for concern, but there were also promising signs
The off-road electric vehicle startup has been turning the corner after an adverse 2022 and today’s results were encouraging, since losses narrowed and the production target was moved higher
Moody's has decreased the credit ratings of numerous smaller and medium-sized banks within the United States. The agency also indicated the possibility of future downgrades for some of the country's largest financial institutions. This move comes as a cautionary measure, as Moody's expressed concerns about the potential challenges that the banking sector might face due to funding vulnerabilities and a decrease in overall profitability.
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