Stocks experienced a downturn on Thursday amidst growing concerns that the uncertain trajectory of inflation could delay potential interest rate cuts, casting a shadow over the market sentiment. The Dow Jones Industrial Average (^DJI) declined by approximately 0.7%, accompanied by a 0.4% drop in the S&P 500 (^GSPC) and a 0.2% slip in the tech-heavy … Read more
Nvidia (NVDA) unveiled its third-quarter earnings post-market on Tuesday, surpassing Wall Street’s projections and maintaining the spotlight on artificial intelligence as a prime focus for investors. Earnings stood at $4.02 per share with revenue hitting $18.12 billion, outperforming analyst forecasts. Bloomberg data had anticipated earnings at $3.36 per share with revenue around $16.1 billion. Projections … Read more
Canada’s main stock index, the S&P/TSX composite index, recently hit a near seven-month low, facing a challenging start to the final quarter of the year. Several factors, including a decline in gold and oil prices, have led to a slump in commodity-linked shares. Additionally, the sharp rise in benchmark US Treasury yields is taking a … Read more
The cryptocurrency market experienced a tumultuous day as Bitcoin, the leading digital asset, took a hit and slid to a 12-day low, briefly dipping below the $26,000 mark. The decline sent shockwaves throughout the crypto space, causing most altcoins to follow suit, with notable losses in assets like XRP and Toncoin. In this blog post, … Read more
The technology sector has always been a hotbed for investors seeking substantial returns over the long term. The ever-evolving nature of technology, driven by the need for regular device upgrades by consumers and businesses, presents an ideal environment for growth stocks. In this blog post, we’ll explore three tech giants, Apple, Microsoft, and Alphabet, which … Read more
Apple Inc. (AAPL) stands as a titan in the world of consumer technology. With over four decades of history, Apple has consistently demonstrated its ability to innovate, adapt, and thrive in the ever-changing tech landscape. As the most valuable company globally by market capitalization, Apple has enjoyed resounding success, primarily due to its unwavering commitment … Read more
Since the middle of July, stock markets have been on a rollercoaster ride, with sharp declines raising concerns among investors. The S&P 500 and other major indices are teetering on the edge of breaking crucial technical support levels. What started as a summer rally is now turning into a potential nightmare of higher rates and … Read more
On Friday, stock futures on Wall Street went up slightly, but for the week, they were set to have losses. This drop came after the federal reserve board of governors indicated that it plans to keep interest rates higher for a longer period of time. S&P 500 futures increased by around 0.3%, while the Dow … Read more