Tag Archives: gains

U.S. stocks advanced Friday after a shaky trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) bounced 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) was flat. Treasury yields continued their ascent, with the benchmark 10-year note back above 3.8% and the rate-sensitive 2-year yield inching toward 4.5%. An assembly of Fed officials on Thursday pushed back against… Source link

AMD may be in the position to gain market share in the competitive chip space. Baird analyst Tristan Gerra upgraded AMD stock to Outperform in a new note. Gerra sees the stock popping 35% to $100. The stock gained 2% in pre-market trading to nearly $74. Gerra thinks AMD’s new Genoa chips, released last week, will further widen its competitive moat. “Supply chain checks highlight strong reception of Genoa (5nm Zen 4) at data center OEMs, which are shifting significant resources in support of… Source link

By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain close to seizing control of the House of Representatives as officials continued counting ballots, with results expected… Source link

(Bloomberg) — Stocks in Europe pared gains and US futures turned lower as a rout in Chinese shares weighed on global equities. Treasury yields fell and the dollar gained. Most Read from Bloomberg The Stoxx Europe 600 Index held an advance of about 0.6% after rising as much as 1.4% at the open. Prosus NV slumped more than 11%, while basic resources and energy stocks weighed on the benchmark amid a fall in crude oil and gas prices. Contracts on the S&P 500 and Nasdaq 100 fluctuated before… Source link

U.S. stocks extended a broad-based rebound Friday, with Wall Street on pace to snap a three-week losing streak. The S&P 500 jumped 1.6%, building on back-to-back sessions of gains, while the Dow Jones Industrial Average soared 400 points, or about 1.3%. Technology stocks led the way up, with the Nasdaq Composite climbing 2%. Oil extended a volatile run as prices resumed their climb Friday. West Texas Intermediate (WTI) and Brent crude oil futures each rose 4% to $86.88 per barrel and $92.84… Source link

U.S. stocks fell sharply on Friday, surrendering all of the gains from a post-jobs report rally ahead of the Labor Day holiday weekend. The S&P 500 shed 1.1%, while the Dow Jones Industrial Average fell by the same margin, or about 340 points. The tech-heavy Nasdaq logged the biggest slide of the major averages, capping the session down 1.3%. The losses came after a rally earlier in the day suggested some investor optimism that a more modest 0.50% interest rate hike could be coming from the… Source link

U.S. stocks pushed higher for a fourth straight session on Thursday, led by broad-based gains across all sectors. Investors look ahead to the all-important June jobs report due out before Friday’s opening bell. The S&P 500 rallied 1.5% and the Nasdaq gained 2.3%. The Dow Jones Industrial Average added 246 points, or roughly 1.1%. The Labor Department is set to release its latest monthly employment data at 8:30 a.m. ET on Friday. Figures are expected to show a payroll gain of 268,000 — the… Source link

(Bloomberg) — Bridgewater Associates posted a 32% return for its flagship hedge fund through the first half of 2022 as it benefited from increased market volatility, according to a person familiar with the performance. Most Read from Bloomberg The firm founded by Ray Dalio told investors that the Pure Alpha II fund climbed 4.8% in June, boosting the annualized return since its 1991 inception to 11.4%, the person said, asking not to be identified because the results aren’t public. Like many… Source link

US stocks rose Friday morning, with the S&P 500 on track to end a three-week losing streak as investors digested the Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. Contracts on the S&P 500 rose by about 0.8% in early trading, setting the index up for a back-to-back day of gains and its first weekly advance since late May. Dow futures rose by more than 200 points, or 0.7%, while Nasdaq futures increased by nearly 1% ahead of the opening… Source link

Despite the modest rally that we’ve seen since late May, volatility still rules the markets. The overall trend for the year has been down – to the tune of 14% on the S&P 500 and 23% on the NASDAQ. It’s not exactly an environment that would encourage large-scale buying. But Marko Kolanovic, global market strategist from JPMorgan, takes the contrarian view, explaining why, in his view, current low prices represent opportunities. “As the market got into oversold conditions, it didn’t… Source link