Nasdaq Falls Ahead of NVIDIA (NVDA) Results Wednesday, Down 0.8%
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
The business cycle should influence markets more than the election: Morgan Stanley
August 31, 2024 4:00 AM EDTAs the U.S. approaches another presidential election, investors are naturally curious about how the outcome might affect the markets.
However, Morgan Stanley analysts suggest that the business cycle, rather than the election, will have a more significant impact on market behavior.
Morgan Stanley said in a note to clients on Monday that while election years are often filled with speculation and predictions, the historical impact of elections on markets is less clear.
Our... More
NVIDIA (NVDA) PT Raised to $145 at Truist Securities
August 27, 2024 5:28 AM EDTTruist Securities analyst William Stein raised the price target on NVIDIA (NASDAQ: NVDA) to $145.00 (from $140.00) while maintaining a Buy rating.
The analyst comments "Fundamental and sentimental factors appear to be still improving. Ahead of NVDA's CQ2 (July), our regular dialog with component buyers &... More
Fed's Daly: Time to Adjust Policy is Upon Us, Hard To Imagine Anything Could Derail Sept Rate Cut
August 26, 2024 2:06 PM EDTFed's Daly: Time to Adjust Policy is Upon Us, Hard To Imagine Anything Could Derail Sept Rate Cut
... MoreBe careful with stocks and bonds as dollar could bounce here: BTIG
August 26, 2024 12:43 PM EDTInvestors should exercise caution with stocks and bonds as the U.S. dollar shows potential for a bounce, according to a recent note from BTIG.
Despite the initial market enthusiasm following Federal Reserve Chair Jay Powell's dovish speech at Jackson Hole, BTIG suggests that the rally may not have much further to run.
The firm notes that while the market is trending higher, there is... More
