General News

Investing.com -- Shares in GameStop (NYSE: GME) were lower in premarket U.S. trading on Tuesday, pointing to further declines in the stock following a steep drop in the prior session.

GameStop's stock price slumped by 12.1% on Monday after the videogame retailer's CEO Ryan Cohen told investors that the company would shrink its network of stores as part of a push to boost profits.

Cohen also did not outline what GameStop plans to do with the almost $4 billion cash pile... (continue reading...)

Investing.com -- U.S. stock futures were broadly flat on Tuesday following a rally on Wall Street in the previous session that brought the S&P 500 and Nasdaq Composite up to new record-high closing levels. Monthly retail sales figures are due to be a key focus for investors, as they attempt to assess the state of the U.S. economy. Tesla (NASDAQ: TSLA) begins a legal fight in Delaware over CEO Elon Musk's historic $56 billion pay package after the electric vehicle... (continue reading...)

Although data and comments from Federal Reserve officials may suggest otherwise, the big picture still shows that global fundamentals are trending positively, with the global cycle and earnings revisions inflecting higher, UBS strategists said Monday.

The latest Federal Open Market Committee (FOMC) saw the median forecast for rate cuts in 2024 drop from three to one, which initially raised concerns among investors about the investment outlook. However, “the totality of... (continue reading...)

Risks for a correction in technology equities are increasing despite the sector’s robust fundamentals, Barclays strategists warned on Tuesday.

"Fundamentally, Tech and Big Tech remain the bright spot of the US equity market," Barclays wrote. In the first quarter of 2024, Big Tech companies were central to the S&P 500's margin recovery, driving a third straight quarter of positive operating leverage. Moreover, nearly 90% of the sector exceeded consensus earnings per... (continue reading...)

Investing.com -- U.S. stock futures traded marginally higher Tuesday, ahead of the release of key retail sales data, a crucial component of the U.S. economy. 

By 06:25 ET (10:25 GMT), the Dow Futures contract was largely unchanged, S&P 500 Futures traded 4 points, or 0.1%, higher and Nasdaq 100 Futures climbed 53 points, or 0.3%.

The main indices closed higher Monday, with the blue-chip Dow Jones Industrial Average gaining just under 190 points, or 0.5%, the S&P 500... (continue reading...)