Investing

Why Nvidia stock is up today Apr 26, 2024 11:50AM

The US stock market recently witnessed its first sharp drop in half a year in a broad pullback many Wall Street analysts described as long overdue. After several volatile weeks, the S&P 500 tumbled 5% from its March 28 closing high, marking its biggest retreat since October 2023. The high-flying chip stocks were no exception, with the AI darling Nvidia’s stock seeing a double-digit drop earlier in the week. 

However, the hardware technology sector saw some relief in... (continue reading...)

Midday movers: Alphabet, Microsoft and Snap rise; Intel, Hertz Global fall Apr 26, 2024 11:40AM (Updated - April 26, 2024 11:40 AM EDT)

Investing.com -- Main U.S. indexes rose Friday, boosted by healthy earnings from the important tech sector and data that helped calm worries about inflation.

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

Alphabet (NASDAQ: GOOGL) stock rose 10% after the Google parent reported better-than-anticipated first-quarter revenue and unveiled a first-ever dividend of 20 cents a share.

Microsoft (NASDAQ: MSFT) stock rose 2.5% as... (continue reading...)

Barclays says recession fears are returning Apr 26, 2024 08:47AM

Barclays strategists said on Friday that stock investors were gearing up for a mid-to-late expansionary cycle, however, following a spike in volatility in April, fears of a recession have been reintroduced.

“For the first time this year, there has been a substantial uptick in the performance of our recession business cycle baskets,” strategists wrote in a note.

These baskets are part of Barclays' business cycle optimized long/short (L/S) strategy, strategists noted,... (continue reading...)

Dollar drifts lower ahead of PCE data; Eurozone inflation expectations lowered Apr 26, 2024 07:39AM

Investing.com - The U.S. dollar drifted lower Friday, ahead of the release of key U.S. inflation data, which could drive sentiment with the Federal Reserve meeting next week.

At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.395, having climbed to 106.00 on Thursday. 

Dollar awaits PCE data

Data released on Thursday showed that U.S. gross domestic product grew at a 1.6% annualized... (continue reading...)

Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend Apr 26, 2024 04:45AM (Updated - April 26, 2024 4:45 AM EDT)

Alphabet (NASDAQ: GOOGL) saw its shares jump more than 11% in premarket trading Friday after the Google owner reported better-than-expected top and bottom lines for the fiscal Q1 2024.

Alphabet's shares hit an indicated record high of more than $174.

The tech behemoth posted earnings per share (EPS) of $1.89, topping the consensus estimates of $1.51. Revenue was reported at $80.54 billion, also above the projected $78.71 billion.

... (continue reading...)