Tag Archives: Edge

Stock futures dipped Tuesday evening, holding lower following an extended rout in technology stocks. Investors also anxiously awaited a packed slate of economic data results out Wednesday before a holiday market closure.  Rising interest rates coincided with a selloff in tech and growth stocks for a second day this week, with the Nasdaq dropping another 0.5% after Monday’s more than 1% decline. The Dow held up strongly and added nearly 200 points, with energy and financials stocks… Source link

Stock futures opened slightly higher Monday evening, with traders awaiting key new data on the state of the consumer. Contracts on each of the S&P 500, Dow and Nasdaq traded slightly in the green.  Investors are set to receive monthly retail sales data from the Commerce Department Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating… Source link

Stocks pulled back on Monday as investors awaited a slew of earnings results from the Big Tech companies, as well as a myriad of other corporations across industries this week.  The Dow edged lower, giving back some gains after the 30-stock index set an all-time closing high on Friday. The S&P 500 also ticked down after reaching a record intraday high last week. The Nasdaq dipped, though shares of Tesla (TSLA) rallied to an all-time high. U.S. West Texas intermediate (CL=F) crude oil prices… Source link

Stock futures edged lower Wednesday evening, with the major indexes hovering slightly below all-time highs as a parade of strong earnings results helped buoy equity prices. Contracts on the Dow dipped. The 30-stock index set a fresh record intraday high during the regular trading day, markings its first all-time high since mid-August. The S&P 500 also logged a sixth straight day of gains in its longest winning streak since the start of July. The Nasdaq ended lower as traders took profits on… Source link

Stock futures opened slightly higher to extend gains after a rally on Wall Street, with stronger-than-expected earnings and economic data helping lift the S&P 500 by the most in seven months.  Shares of big bank stocks including Bank of America (BAC), Citi (C) and Morgan Stanley (MS) steadied during the after-hours session. Each of these stocks had jumped earlier, after these banks posted much stronger-than-expected third-quarter earnings results. Peer banking titan Goldman Sachs (GS) is… Source link

Thomas Kurian’s arrival at Google Cloud in early 2019 after more than 22 years at Oracle marked a significant shift in Google’s thinking, putting an emphasis on expanding its cloud’s business use by enterprises as the key to making up ground on Amazon Web Services (AWS) and Microsoft Azure in the booming global cloud market. Google Cloud has closely followed that enterprise drumbeat over the past two-plus years, building out its infrastructure, extending its each from the cloud… Source link

Today at Google Cloud Next, the company’s annual customer conference, Google announced a broad portfolio of hybrid cloud services designed to deliver computing at the edge of Google’s network of data centers, in a partner facility or in a customer’s private data center — all managed by Anthos, the company’s cloud native management console. There’s a lot to unpack here, but Sachin Gupta, Google’s GM and VP of Product for IaaS, says the strategy behind… Source link

Stock futures opened slightly higher Thursday evening after dropping during the regular session, with equities ending a volatile month in the red. The S&P 500 ended a seven-month winning streak in September, posting an about 4.8% monthly decline. The Dow ended September lower by 4.4%. The Nasdaq underperformed, shedding 5.4% amid a broad rotation away from growth and technology stocks as expectations for elevated inflation and higher rates took holding.  “As I look at my ‘what am I going to… Source link

Starbucks’ (SBUX) famous Pumpkin Spice Latte has not only helped boost the coffee chain’s foot traffic, but also social media conversations about the classic fall flavor.  Social media analytics company Sprout Social compiled data on volume, keywords and conversation trends between August 1 and September 21. The firm found that pumpkin is still the most talked about fall flavor — despite the fact that Starbucks recently debuted its new Apple Crisp Macchiato this year.  Online conversations… Source link

Stock futures opened lower Tuesday evening as investors anxiously awaited the arrival of the Federal Reserve’s latest monetary policy decision after a volatile start to the week.  Contracts on the S&P 500 ticked down ahead of the decision. FedEx (FDX) shares fell in late trading after the shipping giant posted weaker-than-expected quarterly earnings, with supply chain disruptions and labor scarcities weighing on results. Disney (DIS) shares extended earlier losses after CEO Bob Chapek,… Source link