S&P 500 earnings expected to rise by 2.4% in Q1 2024 with tech sector growth.
From Nasdaq: Total S&P 500 earnings for Q1 2024 expected to increase by +2.4% with a +3.5% rise in revenues.
Author: MarketNewsData
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Stock market rally continues with Palantir, Nvidia, and other tech stocks hitting new highs
From Investor’s Business Daily: Dow Jones futures remained stable after a rebound in the stock market rally on Wednesday. Fed
Meta Platforms stock rose 1% after being named a top pick by Bank of America
From Nasdaq: Meta Platforms (NASDAQ: META) saw a 1% stock increase after being included in Bank of America’s list of
3 Stocks to Buy For Post-Earnings Momentum
From Nasdaq: The Q4 earnings cycle is wrapping up, with technology companies driving positive results, while the energy sector lags.
Bitcoin hits all-time high of $69K, fueled by spot Bitcoin ETF inflows
From Forbes: Bitcoin has surged to a new all-time high of $69,170, with a market cap of $1.35 trillion. Despite
Microsoft stock closed slightly lower, but earnings and revenue projected to increase
From Nasdaq: Microsoft’s stock closed at $402.20, down 0.11% from the previous session, trailing S&P 500. For the month, shares
Elon Musk sues OpenAI for alleged AGI development, OpenAI releases private emails
From Daily Kos: AI in graphic illustration is helpful but requires postwork. AI is not self-aware; it compiles existing information
Biden aims to expand Medicare negotiations to lower drug prices, potentially impacting pharmaceutical profits.
From CNBC: President Joe Biden is pushing to expand Medicare negotiations to include at least 50 prescription drugs annually, up
Private equity firms involved in recent bank deals due to speed, discretion, and financial sensitivity.
From CNBC: Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin met after a House hearing on pandemic response.
SEC wins default judgment case regarding cryptocurrency transactions, impacting future cases against Coinbase, Binance
From Nasdaq: A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law in a default judgment case.
S&P/TSX composite index and US markets rise after Bank of Canada rate decision
From The Reminder: Canada’s main stock index saw modest gains as the Bank of Canada kept its key lending rate
Fed Chair Powell hints at rate cuts, boosting market hopes
From Nasdaq.: Wall Street’s major indexes closed higher on Wednesday as Fed Chair Jerome Powell hinted at rate cuts. Powell
Federal Reserve Chair Powell hints at rate cuts, boosting market confidence
From Nasdaq: Wall Street’s major indexes closed higher as Federal Reserve Chair Jerome Powell reinforced expectations of rate cuts. Powell
March 7, 2024 pre-market earnings report: Mixed results, some companies surpassing expectations.
From Nasdaq.: Several companies are expected to report earnings on 03/07/2024. Kroger Company (KR) forecasts a 14.14% increase in earnings
Tech sector stocks rise with JD.com, Palantir, CrowdStrike, and MicroStrategy all seeing significant gains
From Nasdaq: Tech stocks rose late Wednesday, with XLK up 0.4% and XSD up 2.1%. The Philadelphia Semiconductor index also
CICC initiates NVDA with Outperform rating and $870 price target
CICC analysts recently highlighted NVIDIA’s (NASDAQ:NVDA) strong positioning within the AIGC (AI-Generated Content) domain, attributing this to its pioneering role in accelerated
Former Google engineer indicted for stealing AI secrets for Chinese companies, charged with theft
From NASDAQ: Former Google software engineer, Linwei Ding, indicted in California for stealing trade secrets related to artificial intelligence. Charged
SEC to require mandatory climate disclosures from companies by fiscal 2025, despite challenges.
From CNBC: Securities and Exchange Commission Chairman Gary Gensler testified about the need for mandatory climate disclosures from companies starting
Abercrombie & Fitch reports strong Q4 earnings, exceeding expectations with sales growth and profit
From NBCUniversal: Abercrombie & Fitch reported a surge in holiday-quarter sales, up 21%, and profit growth fueled by higher prices
Positive: Tech stocks in XLK and XSD surged, indicating strong performance in the technology sector.
From Nasdaq: Tech stocks saw positive gains on Wednesday, with the XLK up by 0.9% and the XSD surging by
Digital asset innovation faces challenges with security and decentralization, with risks looming amid progress
From Nasdaq: The Bank of International Settlements predicts a surge in national digital currencies and institutional investors gearing up to
New York Community Bancorp's shares fell 40% amid reports of it seeking a cash injection, reflecting broader banking sector challenges.
From CNBC: Shares of New York Community Bancorp plummeted over 40% on Wednesday as reports emerged of the bank seeking