Former President Donald Trump could reap billions if Truth Social’s parent company’s long-delayed merger finally goes through.Chip Somodevilla; Jakub Porzycki/NurPhoto via Getty Images Trump Media and Technology Group extended its two-day stock rebound to as much as 47% on Thursday. The rebound comes after a brutal post-IPO sell-off that dragged shares down more than 60%. […]
Treasury Yields Head To ‘Danger Zone’: Analyst Forecasts Potential Spike To 5%, Disorderly Sell-Off For Markets Yields on the 10-year Treasury note have ascended to a striking 4.70% this month, the highest mark since early November 2023 amid a toxic mix of higher inflation, a stubbornly resilient economy and revised expectations around Federal Reserve rate […]
(Reuters) – Futures for the S&P 500 and the Nasdaq gained on Thursday as some chip stocks recouped losses after a sell-off, while investors awaited Federal Reserve policymakers’ stance on interest-rate cuts in the face of resilient economic data. Chipmakers such as Advanced Micro Devices, Nvidia and Applied Materials gained between 0.3% and 0.7% in […]
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. Nvidia chipmaker Taiwan Semiconductor (TSM) reports early Thursday, with huge implications for the chip sector. X The stock market rally opened slightly higher but once again quickly headed lower, with the Nasdaq leading the retreat. Chip stocks were big […]
(Bloomberg) — A global equities benchmark has fallen precipitously close to oversold territory following a selloff in risk assets this month. Most Read from Bloomberg The MSCI All Country World Index’s 14-day relative strength index dropped below 33 on Tuesday to levels last seen in October. A reading of 30 or below indicates a possible […]
Yuichiro Chino/Getty Images The latest sell-off in tech stocks is a fresh buying opportunity for investors, Wedbush said. Tech earnings this season are expected to be strong as the AI frenzy continues. A strong earnings season could end up powering the sector 15% higher, Wedbush predicted. Tech stocks are a strong buy after last week’s […]
(Bloomberg) — Asian stocks and currencies tumbled on concerns that US interest rates may stay higher for longer and signs that China’s growth recovery is stalling. Most Read from Bloomberg MSCI’s Asia Pacific Index dropped the most in three months as shares from Hong Kong to Japan and South Korea slumped. Futures contracts for US […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Something weird happened in the stock market this week — besides the thumping from a surprise Consumer Price Index (CPI) report. Market darling Nvidia’s (NVDA) stock fell into correction territory, defined as a […]
(Bloomberg) — A rocky start for Trump Media & Technology Group Corp. shares has wiped out $4.5 billion in market value in just a couple of weeks. But it will have to lose a lot more than that to put at risk the massive special bonus due to the former president and his corporate insiders. […]
US stocks rose on Thursday as Big Tech stocks led a rebound from a sell-off fueled by Wednesday’s surprise uptick in consumer prices. The S&P 500 (^GSPC) rose almost 1%, coming off a rout that saw the major gauges drop about 1%. The tech-heavy Nasdaq Composite (^IXIC) led the way, gaining roughly 1.7%. The Dow […]
Nvidia CEO Jensen Huang.Mohd Rasfan/AFP/Getty Images Nvidia stock has slid since late March, correcting by over 10% from all-time highs. BofA analysts say there’s nothing to worry about, and the company will still dominate in the AI chip space. None of the factors behind the sell-off meaningfully change the narrative for Nvidia, they said. Nvidia […]
(Reuters) – Shares of Donald Trump’s media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion. After its strong debut in late March, investors have soured on Trump Media & Technology Group after […]