Tag Archives: strength

Futures rise on tech strength; Tesla extends losses

By Ambar Warrick and Devik Jain (Reuters) – U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3% and 0.7% last week on concerns over high inflation and weakening consumer sentiment. Investors had begun pivoting into economically resilient sectors, mainly technology, towards the end of the… Source link

Read More »

Nvidia Q2 revenue jumps 68% on strength of gaming and data center businesses

Nvidia (NVDA) reported its fiscal Q2 2022 earnings after the bell on Wednesday, beating Wall Street expectations on the back of the continued growth of the company’s important data center and gaming segments, driving revenue up a whopping 68% year-over-year for the quarter. Here are the most important numbers from the report compared to what analysts were expecting, as compiled by Bloomberg. Revenue: $6.51 billion versus $6.33 billion expected EPS: $1.04 versus $1.01 expected Data Center:… Source link

Read More »

US STOCKS-S&P 500, Nasdaq hit record highs on megacaps, earnings strength

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Social media stocks rally after upbeat results    * AmEx jumps on blowout Q2 profit    * Intel sales forecast implies rocky second half    * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon)    By Devik Jain and Shreyashi Sanyal    July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on… Source link

Read More »

Qualcomm cruises past analysts’ earnings expectations on strength of phone sales

Benzinga Apple, Facebook And The Fed: Full Plate Later Today Means Market Could Hit Lull Ahead Of News If earnings season has a crescendo, we’re right in the middle of it. Even as investors digest results from Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT), they await Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) this afternoon. Along the way there’s a Fed meeting conclusion. Tomorrow morning brings gross domestic product (GDP) data, with Amazon (NASDAQ: AMZN) in the wings later… Source link

Read More »

Microsoft beats Q3 revenue expectations on strength of cloud and PC sales

Benzinga Tech Time: Microsoft, Advanced Micro Devices, Alphabet Reporting After Close Today Ready or not, it’s time for all of us to put our Fed hats on. Again. It’s only been six weeks since the last Federal Open Market Committee (FOMC) meeting, but they’re gathering again today. The usual press conference featuring Fed Chairman Jerome Powell comes right after the meeting ends at 2 p.m. ET tomorrow, and analysts don’t expect any change in policy. Trading might be a little slow ahead… Source link

Read More »

Jaguars hire embattled ex-Iowa strength coach Chris Doyle

When the entirety of Urban Meyer’s first coaching staff with the Jacksonville Jaguars was unveiled on Thursday, one name immediately jumped out — especially to those who closely follow college football. Chris Doyle, the longtime head strength coach at the University of Iowa, will serve as Jacksonville’s Director of Sports Performance. It’s Doyle’s first job since he and Iowa parted ways back in June under tumultuous circumstances, including allegations of racism. Doyle was the… Source link

Read More »

Microsoft blows away Q2 expectations on cloud and personal computing strength

Bloomberg NYC Apartment Landlords Getting Burned in Gentrification Crash (Bloomberg) — New York’s apartment investors are suddenly waist-deep in distress.By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies and pushing… Source link

Read More »