Stocks: All News & Analysis

Stock Market Today: Earnings Drive Disney Up, Cisco Down; S&P 500, Nasdaq Await Fed Signals

Wall Street experiences choppy trading as investors await Fed Chair Powell's speech. Nasdaq 100 and S&P 500 react to mixed earnings reports, with Disney surging and Cisco declining. US PPI data shows a slight uptick, raising concerns about potential inflationary pressures.

14-11-2024 08:59 GMT by Zain Vawda

EUR/USD plunges on Trump election win

Trump win sends US dollar soaring EUR/USD is getting hammered on Wednesday. In the North American session, the euro has tumbled by 1.90% and is trading at 1.0725.

06-11-2024 11:54 GMT by Kenneth Fisher

Trump or Harris? Why the Nasdaq 100, S&P 500 Might Not Care Who Wins

Wall Street Indexes rebounds on strong ISM Services PMI as election uncertainty lingers. Investors closely watch Congressional election results, as a unified government is seen as beneficial for stock market performance. Market volatility remains low as investors await election results and upcoming Federal Reserve and BoE decisions.

05-11-2024 14:53 GMT by Zain Vawda

Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone Sales in Focus

Apple and Amazon's upcoming Q3 2024 earnings reports are in the spotlight. Market participants are concerned about rising AI capital expenditures impacting profit margins. Can Amazon rebound from a disappointing Q2? Apple iPhone 16 sales in focus after strong debut in China.

31-10-2024 10:53 GMT by Zain Vawda

US Earnings: Reddit, Alphabet Beat Estimates, Nasdaq 100 Retreats with Meta Up Next

Alphabet and Reddit exceed Q3 earnings expectations, driven by strong ad sales and cloud revenue. Microsoft's Q1 FY2025 earnings will be a key indicator of broader AI demand, with Azure and AI services in the spotlight. Could Meta and Microsoft facilitate fresh highs on the Nasdaq 100? Nasdaq 100 remains range-bound ahead of Meta and Microsoft earnings releases.

30-10-2024 10:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next?

Wall Street indexes rebounded from Tuesday's selloff, driven by strong earnings from TSMC and positive economic data. Nasdaq 100 approaches all-time highs, fueled by TSMC's success and AI demand. Market sentiment remains optimistic, but concerns persist over high valuations. Most Read: GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP

17-10-2024 14:33 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday's losses. Following a disappointing update from the National Reform Commission in China, US-listed Chinese stocks like Alibaba, PDD Holdings, and JD.com experienced declines.

09-10-2024 08:00 GMT by Zain Vawda

Markets Weekly Outlook - Jobs Report May Lead to Cautious Fed, US CPI Next

Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US inflation data and RBNZ rate decision in focus for the week ahead. Oil prices surge on Middle East tensions, with key support and resistance levels identified.

04-10-2024 16:26 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Wall Street Indexes Labor on a Mixed Wednesday

Wall Street indexes showed mixed results on Wednesday, with the S&P 500 near all-time highs and the Nasdaq 100 briefly surpassing 20,000. Tech stocks, particularly Nvidia and Hewlett Packard, supported the S&P 500, while General Motors and Ford declined after a Morgan Stanley downgrade. Technical analysis suggests further upside potential for the S&P 500, with a cup and handle pattern and triangle breakout hinting at a possible 500-point move.

25-09-2024 13:01 GMT by Zain Vawda

China Slashes Rates - Stimulus Package by PBoC Welcomed by Markets

The People's Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as markets welcomed the news. Oil prices have risen as well and could benefit from the stimulus package. Will the Oil price recovery continue?

24-09-2024 05:58 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Caution Following PPI, Technical Hurdles Ahead

Wall Street indexes paused after Wednesdays rally as Core PPI came in hot. Moderna shares plunged 17.8% due to lower-than-expected sales projections. Nasdaq 100 shows potential for upward movement, but technical hurdles persist. Most Read: Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout? The major Wall Street Indexes have all taken a breather today following a significant rally on Wednesday.

12-09-2024 14:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - ‘Soft Landing’ Optimism Leads to Early Week Gains

Major Wall Street indices started the week with gains, fueled by optimism for a "soft landing". Concerns remain about the divergence between full and part-time workers, a potential recession indicator. Technical analysis suggests potential for further upside in the S&P 500 and Nasdaq 100, but historical trends and upcoming events warrant caution.

09-09-2024 10:56 GMT by Zain Vawda

BoC cuts rates, Nvidia plunges, nonfarm payrolls loom

OANDA Market Analyst Kenny Fisher joins Jonny Hart to discuss this week’s key economic data and events as well as the impact on global markets. Pivotal week peppered with major events; Bank of Canada cuts rates for third straight time; US nonfarm payrolls could determine extent of Federal Reserve rate cut later this month; and Nvidia plunges by almost 10%

05-09-2024 14:12 GMT by Kenneth Fisher

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance. September is historically a challenging month for gold, which could further influence its trajectory.

04-09-2024 07:31 GMT by Zain Vawda

Nasdaq 100: Torpedoed by Nvidia and may see further weakness

Major US bench stock indices (S&P 500, Nasdaq 100, Dow Jones Industrial Average & Russell 2000) started the month of September on a weak footing. The Nasdaq 100 was the worst performer (-3.15%) on Tuesday, 3 September dragged down by the higher-beta technology sector (Nvidia & other semiconductor stocks)

04-09-2024 07:01 GMT by Kelvin Wong

S&P 500, Nasdaq 100 - 2nd Estimate GDP Inspires Wall Street Turnaround

Nvidia's Q2 earnings beat estimates, but forward guidance disappoints. Other semiconductor stocks, like Broadcom, show positive performance despite Nvidia's mixed guidance. The S&P 500 eyes fresh all-time highs, with immediate support at 5538.

29-08-2024 13:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Caution Reigns Ahead of Nvidia Earnings

The S&P 500 and Nasdaq 100 are trading cautiously ahead of Nvidia earnings and US PCE data. Nvidia's earnings this week could significantly impact the AI sector and set the tone for the stock market for the weeks ahead.

27-08-2024 12:09 GMT by Zain Vawda

Markets Weekly Outlook - Powell Delivers with Nvidia Earnings, PCE Data Next

Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell's remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. US PCE and EU Inflation data are highlights.

23-08-2024 13:13 GMT by Zain Vawda

S&P 500, Nasdaq 100 Technical Outlook: Significant Hurdles Ahead, Will the Rally Continue?

Pullbacks of 5% or more in the S&P 500 are relatively common, having occurred on average three times per year since 1930. Despite a recent market correction, the S&P 500 is still up 10% year-to-date, and the Nasdaq 100 is up 8.5% year-to-date. The S&P 500 faces technical resistance at the 100-day moving average (between 5330 and 5267), with further resistance expected at 5391 and 5500.

07-08-2024 13:55 GMT by Zain Vawda

AUD/USD remains under pressure as RBA holds rates

The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today.

06-08-2024 06:54 GMT by Kenneth Fisher

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