Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia.
re are some of the biggest U.S. stock movers today:
Target (NYSE: TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak discretionary spending dented its first-quarter... (continue reading...)
In a note to clients Wednesday, Lynx Equity Strategies raised concerns about a potential shift in Nvidia's (NASDAQ: NVDA) GPU market dynamics from shortages to surpluses.
As TSMC aggressively expands its CoWoS capacity, the rapid increase in GPU supply has prompted Lynx to question when current constraints might turn into an excess.
The firm notes that recent supply chain reports indicate decreasing lead times for Nvidia’s H100 GPUs. While companies like Amazon’s... (continue reading...)
NEW YORK (Reuters) - U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, U.S. retailers say.
Americans, who embraced shopping online when many stores were closed or limited traffic, may be coming back to it now, retailers say. However, the sustainability of these recent gains will depend on whether gas prices remain high and if shoppers can... (continue reading...)
By Caroline Valetkevitch
NEW YORK (Reuters) - The Standard & Poor's 500 will end the year near current levels, but strong stock market gains so far in 2024 have some strategists saying the index is at risk of a correction in coming months, according to a Reuters poll released Wednesday.
By year-end, the benchmark index will be at 5,302, according to the median forecast of 50 strategists polled May 13-22. That is slightly below Tuesday's... (continue reading...)
(Reuters) - Amazon.com (NASDAQ: AMZN) will introduce a more conversational artificial intelligence-powered version of its Alexa voice assistant later this year and plans to charge a monthly subscription fee to offset technology costs, CNBC reported on Wednesday.
While the e-commerce giant is yet to nail down the price of the new services, a subscription to Alexa will not be included in its popular $139 annual Prime offering, the report said, citing... (continue reading...)
More General News
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Novo Nordisk (NVO) faces another fire outbreak in a week, shares down
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Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
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Goldman now sees US debt-to-GDP ratio hitting 130% by 2034 vs 97% prior forecast
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US consumer watchdog will apply credit card rules to buy now, pay later companies
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Google set to bring ads in search AI Overviews
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Apple says US antitrust lawsuit should be dismissed
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Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall
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Comcast prices Peacock, Netflix, Apple TV+ streaming bundle at $15 a month
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Disney's Pixar Animation to lay off about 14% of workforce
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AutoZone's quarterly profit beats estimates on demand for car parts
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Nvidia options underpricing rising earnings fragility
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Morgan Stanley says Elon Musk 'needs Tesla more than ever'
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Microsoft (MSFT) introduces Copilot+, a PC equipped with AI
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Bank of America explains why it’s not just about Nvidia anymore
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Fed's Daly sees no immediate need to raise rates amid inflation concerns
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Dell deepens AI push with new PCs, Nvidia-powered servers
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Midday movers: Nvidia, Micron and Wix rise; Li Auto falls
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Inflation data so far in 2024 "disappointing" - Fed's Barr
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Fed policymakers still cautious on inflation and policy
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Dow Jones, Nasdaq, S&P 500 weekly preview: It's the Nvidia earnings week
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Interest rates likely to remain above levels seen in past decade - Fed's Bostic
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US FDA clears Neuralink's brain chip implant in second patient, WSJ reports
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Target lowering prices on 5,000 items in bid to lure more shoppers
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Cybersecurity company CyberArk to acquire Venafi in $1.5 billion deal
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Several Wall Street brokers raise price targets on Nvidia stock into earnings
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Apple set to release slimmer iPhone in 2025, the Information reports
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Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
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Midday movers: Reddit, Tesla and Robinhood rise; GameStop falls
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BuzzFeed CEO moves to majority stock based compensation amid AI push
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Here's why investors seem to be hesitant to own AMD stock: Mizuho
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Robinhood shares climb premarket as Bank of America upgrades rating
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NY Fed announces launch of new supply chain pressure metrics
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UK's CMA rejects probe into Microsoft-Mistral AI tie-up
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Tesla eyeing plan for China data to power self-driving ambitions - Reuters
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Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
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OpenAI strikes deal to bring Reddit content to ChatGPT
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Take-Two expects 'GTA VI' launch in fall 2025, cuts bookings forecast
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Cannabis stocks rally after DOJ proposal to reclassify marijuana
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JPMorgan investors weigh CEO Dimon's strategy, succession after record year
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Figma valued at $12.5 billion in tender offer backed by Fidelity, others
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Analysis-Walmart's strong forecast signals a resilient consumer
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Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says
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Tesla gets local council go-ahead for German factory expansion
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Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall
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Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
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This analyst thinks AMC stock could surge 60%
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1 month of in-line CPI not enough to start Fed rate cut countdown: Macquarie
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OPEC+ likely to role over output cuts - UBS
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Major prime broker Nomura is accumulating shares of this company, 13F shows
