It has been a successful year for a group of blue-chip stocks known as the “dogs” of the Dow Jones Industrial Average, a strategy popularized by investor Michael O’Higgins in the 1990s. These stocks have the highest dividend yield at the end of each year, with the aim of benefiting from potential stock price increases … Read more
Nvidia stock has continued its downward trend, falling further into correction territory. The popular tech company’s shares have been experiencing a steep decline, with analysts pointing to concerns about the global chip shortage and potential regulatory challenges as key drivers of the sell-off. The stock’s recent performance has led to increased volatility and uncertainty among … Read more
The tech industry has been experiencing a significant increase in job cuts, with over 98,000 employees being laid off from more than 330 companies worldwide in the first half of 2024, according to Layoffs.fyi. Prominent companies like Apple, Google, Microsoft, and Meta are among those implementing these layoffs. Economic uncertainties are impacting the technology sector … Read more
Cisco has extended its partnership with the Summer Olympics to become a network equipment partner for the 2028 Los Angeles games. This agreement includes providing network solutions across various venues in Los Angeles to ensure secure and reliable connectivity for all participants. This partnership also extends to Team USA and builds on Cisco’s previous involvement … Read more
:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Stocks Slip in Dow Jones Today as Nvidia and AI Stocks Continue to Decline")
Stock futures were mixed in premarket trading on Friday, with Dow futures holding steady while S&P and Nasdaq futures experienced slight declines. Article Source https://www.investopedia.com/dow-jones-today-06212024-8667117
Nvidia, a leading technology company, recently reported impressive earnings that have left investors in a dilemma. The company’s strong financial performance has raised questions about whether to cash in on their profits now or to buy more shares for the long term. Nvidia has been experiencing a surge in demand for its products, particularly in … Read more
The stock market continued its upward trend today, with Nvidia becoming the most valuable company in the world. This comes as a surprise to many, as Nvidia was not previously considered a top contender in the tech industry. Investors are optimistic about the company’s growth potential and are driving up the stock price as a … Read more
Advanced Micro Devices Inc. (AMD) confirmed that a recent cyberattack by a group called Intelbroker did not compromise any critical business information. The intrusion only obtained a limited amount of information related to the assembling of certain AMD products from a third-party vendor’s site. AMD reassured that this data breach would not have a significant … Read more
S&P 500 futures saw a rise on Thursday morning as investors sought to push the index to a new record high. Futures for the market index increased by 0.2%, while Nasdaq 100 futures surged by 0.64%. On the other hand, Dow Jones Industrial Average futures dropped by 0.04%. This positive momentum comes as the stock … Read more
This week on Wall Street, investors are awaiting several key economic data releases. On Thursday morning, data on initial jobless claims, housing starts, building permits, and the Philadelphia Federal Reserve’s manufacturing survey will be released. Friday will bring the release of services and manufacturing PMI data as well as existing home sales figures. Despite the … Read more