General News

(Updated - May 24, 2024 11:43 AM EDT)

Investing.com -- U.S. stock futures traded higher Friday, bouncing after the previous session sharp losses on fears that interest rates will stay at elevated levels for longer than expected.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock rose 0.6%, adding to the chipmaker’s 9% gains on Thursday after its blowout first quarter earnings, following a report by Reuters saying it has been pushed into... (continue reading...)

By David Randall

NEW YORK (Reuters) - The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential to weigh on a rally that has pushed the S&P 500 near record highs in recent months.

The S&P 500 is up nearly 12% this year on strong earnings and signs inflation may be falling enough for the Federal Reserve to cut benchmark interest rates,... (continue reading...)

Investing.com -- Federal Reserve interest rate cuts are "off the table for now" following recent commentary from policymakers and minutes from the central bank's latest meeting, analysts at Bank of America Global Research wrote on Friday.

Statements from Fed officials this week suggested that rate-setters want to see more evidence that inflation is cooling back down to their 2% target, meaning that they are likely in no rush to ratchet down borrowing costs.

Minutes from... (continue reading...)

AI and technology stocks are now core holdings among active funds, strategists at Bank of America said in a Friday note.

“We screened the S&P 500 for stocks that saw the largest increase in ownership breadth over the last 12 months (measured by the percent of funds owning each ticker). Unsurprisingly, nine of 10 stocks on our list are AI or Tech-related,” strategists wrote, with the only exception being pharma giant Eli Lilly and Company (NYSE: LLY).

This trend is... (continue reading...)

PARIS (Reuters) - TotalEnergies said on Friday that it is studying plans to cross-list its shares in the United States, while also keeping its shares on the Euronext stock exchange.

"It's more a technical study, how to offer these shares to the American market, while keeping our shares on Euronext, in Paris, in London, in Brussels, because the majority of our shareholders are European," Chairman and Chief Executive Patrick Pouyanne told the company's... (continue reading...)