Nvidia shares have fallen for the fourth consecutive session, marking a technical correction with a 15% decline from last month’s record high. After reaching a peak, the stock has traded mostly sideways before dropping below the 50-day moving average late last week, signaling potential consolidation. Investors are advised to monitor key support levels at around […]
The S&P 500 slid 0.4% on Tuesday, Sept. 17. Major U.S. equities indexes faltered as the Federal Reserve kicked off its final two-day policy meeting of 2024. The central bank is widely expected to announce a third consecutive interest rate cut on Wednesday afternoon. Investors are likely to scrutinize the language in the accompanying statement
U.S. equities experienced gains at midday in anticipation of another interest rate cut from the Federal Reserve. Jabil (JBL) emerged as the best-performing stock in the S&P 500 after announcing better-than-expected results and raising its outlook following a restructuring plan. Nvidia (NVDA) shares rebounded from recent losses due to a positive report on the chipmaker’s
Top Stock Movers: Jabil, Nvidia, General Mills, and Market Trends Read More »
Key Takeaways: Nuclear power startup Oklo announced a partnership with data center provider Switch on Wednesday. The news initially sent Oklo stock higher, but it cooled in late-morning trading. The two sides reached a ‘framework’ agreement for Oklo to provide 12 gigawatts of power to Switch’s data centers over the next two decades. The deal
Oklo Stock Fluctuates After Switch Partnership Announcement Read More »
Heico reported record-breaking revenue, net income, and operating income in the fourth quarter, yet its overall sales fell short of expectations, causing a drop in share prices. The company’s Electronic Technologies Group experienced a 2% decline in sales to $336.2 million, which was attributed to lower defense products net sales and slightly lower net sales
Heico Stock Decline Linked to Lower Electronic Technologies Sales Read More »
Refinance rates for 30-year loans have experienced an increase, rising by 4 basis points to an average of 6.99% on Wednesday. This marks the highest level since Thanksgiving, with the refi average now 20 basis points higher than it was just one week ago. In September, rates for 30-year refinance loans hit a 19-month low
30-Year Refinance Rates Reach 3-Week High at 6.99% Read More »
On Monday, despite a significant drop in ether prices, spot ether ETFs experienced substantial inflows, with BlackRock’s ETHA leading the way. Ether prices plummeted to a low of $2,116, a 26% decrease from the previous day’s high of over $2,900. Despite the market downturn, spot ether ETFs reported their second-best day of inflows since their
Investors Capitalize on Dip in Ether Prices with BlackRock’s Spot Ether ETF Read More »
Key Takeaways. Cryptocurrency companies witnessed their shares swinging after Bitcoin’s price climbed above $100,000 on late Wednesday. The rally was partly triggered by President-elect Donald Trump’s selection of crypto enthusiast Paul Atkins to lead the SEC. MicroStrategy and Coinbase, along with bitcoin miners Riot Platforms and Mara Holdings, were among the companies whose shares rose
The Trump transition team is reportedly considering a series of financial sector reforms, as detailed in a Wall Street Journal report. These reforms include the potential closure of the Federal Deposit Insurance Corp. (FDIC).Key discussions involve either combining or restructuring the main federal bank regulators, which could necessitate congressional action for implementation. The FDIC, the
Trump Team Considers FDIC Closure and Bank Regulator Reorganization Read More »
The Federal Reserve is anticipated to lower its key interest rate on Wednesday, a decision that could have significant implications for the economy. However, the future trajectory of interest rates remains uncertain. Fed officials are expected to provide insights into how they are interpreting recent economic data, which indicates persistent inflation and a resilient yet
Federal Reserve Meeting: Interest Rate Cuts and Economic Outlook Read More »
