The stock market is showing signs of stagnation after seeing good gains in all major indexes earlier in the month. The premarket futures are slightly in the red, suggesting a lack of momentum. The Federal Reserve is expected to release the minutes from their most recent FOMC meeting, but no major changes in interest rates … Read more
Asian investors were struggling to maintain a recent rally across markets as they awaited the earnings release of U.S. technology company Nvidia. Despite the S&P 500 and Nasdaq hitting record highs and the Federal Reserve’s May policy minutes providing some insight into interest rates, there were few catalysts to drive buying. The uplift in stocks … Read more
In a recent discussion, Northwestern Portfolio Director Matt Stuckey delved into the various factors affecting the stock market amidst the spotlight on Nvidia’s earnings report. As tech giants like Google and Amazon showcase their substantial investments in artificial intelligence, there is anticipation for Nvidia to maintain its leading position in the industry post-earnings release. Federal … Read more
US stock markets closed higher on Tuesday, with investors eagerly anticipating Nvidia’s quarterly earnings report set for Wednesday. The Federal Reserve Bank of Philadelphia reported an improvement in the monthly non-manufacturing activity index, which rose to -0.6 in May from -12.4 in the previous month, suggesting a slower pace of contraction in the sector. Additionally, … Read more
European stock futures and Asian stocks declined as investors turned their focus to Nvidia Corp.’s upcoming earnings report. US futures were mixed while U.S. 10-year Treasury bond futures stabilized. The Bloomberg Commodity Spot Index hit its highest level since January 2023 on Monday, with gold and copper trading near all-time highs and wheat prices rising. … Read more
Club holding Broadcom ‘s (AVGO) investment prospects look bright – with or without cloud software maker VMWare (VMW) under its corporate roof. For now, though, the companies remain apart after Broadcom’s planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. The hold-up is Chinese antitrust regulators, who have yet to bless … Read more
Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link
* Positioned by Gartner as a Leader for its Ability to Execute and Completeness of Vision * VMware also recognized in 2023 Gartner Critical Capabilities report for Distributed Hybrid Infrastructure and ranked highest in all five Use Cases PALO ALTO, Calif. – VMware, Inc. (NYSE: VMW) today announced it has been positioned as a Leader … Read more
Every day, the MarketScreener team selects the most important news about listed companies. Here’s a short recap for your convenience: Corporate news: ABB reports higher third-quarter net income and sales. Adidas estimates that its operating loss will be smaller than expected this year, at around €100 million (vs. €450 million). ASML believes that the new … Read more
Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024. Source link