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Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
2024 Apr 26, 1:45pm | 1175Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had emerged from Thursday’s data. Although the latest PCE inflation report signaled higher-...
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Fed's Preferred Inflation Gauge Outstrips Expectations: 'Rate Cuts Aren't Necessary For The Bull Market To Continue'
2024 Apr 26, 11:00am | 679The recent release of the Personal Consumption Expenditure (PCE) price index, a key metric favored by the Federal Reserve for gauging inflation, delivered higher-than-anticipated annual rates last month, suggesting that price pressures are facing significant hurdles to achieving the 2% target. The...
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Gold Price Recovers Amid Uncertain US Economic Outlook
2024 Apr 26, 9:46am | 478By RoboForex Analytical Department The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors' ongoing evaluation of the potential direction of the US Federal Reserve's monetary policy following mixed macroeconomic data. The US GDP for Q1 did not...
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Wall Street Futures Ride High On Microsoft, Alphabet Cheer, But Will Inflation Data Burst The Bubble? Why This Analyst Thinks Bull Run Isn't Over Yet
2024 Apr 26, 6:48am | 1664Tech earnings could come to the market’s rescue as traders remain jittery about the outcome of key inflation data due on Friday. AI giants Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Microsoft Corp. (NASDAQ:MSFT) set a positive tone for tech companies with strong...
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Fed's Inflation Report Looms This Friday: What Makes It So Crucial For Markets?
2024 Apr 25, 12:35pm | 675Investors eagerly await the release of the Personal Consumption Expenditure (PCE) price index report this Friday at 8:30 a.m. EDT. Also known as the Fed’s favored inflation metric, the PCE price index data holds significant importance in assessing broader price pressures felt by U.S....
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Monthly Depth Report: The Blind Leading The Confused
2024 Apr 25, 11:59am | 3499One of the best experiences I’ve had in my investment career was being partner and co portfolio manager with Raji Khabbaz. He’s a fantastic stock-picker and the two of us spent the better part of a decade discussing and debating investment ideas. Early in 2020, we spent a lot...
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Magnificent 7 Tumble, Wipe Out $300 Billion On Meta's Weak Guidance, Q1 Stagflation Woes
2024 Apr 25, 11:35am | 951In a tumultuous day for tech stocks, the collective market value of the Magnificent 7 tech giants plummeted by over $300 billion in the first trading hour on Thursday, primarily fueled by a weaker-than-expected revenue outlook from Meta Platforms Inc. (NASDAQ:META) and concerning economic...
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Fed's High-Interest Rate Policy Spurs Debate Over Economic Impact: 'This Is The Path Of A Potential Problem...'
2024 Apr 25, 6:44am | 874The Federal Reserve’s recent decision to maintain high-interest rates for an extended period has sparked a debate over its potential impact on the U.S. economy. Despite the ongoing economic stability, the Fed’s stance has raised concerns among investors and the general public. What...
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US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us,' Says Analyst
2024 Apr 25, 6:17am | 2063The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s (NASDAQ:META) lukewarm second-quarter revenue guidance and commentary regarding investment punctured the stock, while International Business Machines Corp...
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US Economy Expected To Grow 2.5% In Q1: Not 'A Hard Landing And Hardly A Soft One'
2024 Apr 24, 9:49am | 775As the week unfolds, investors are eagerly awaiting the impending release of the U.S. gross domestic product growth rate for the first quarter of 2024, set for this Thursday, ahead of the highly anticipated Personal Consumption Expenditure (PCE) price index report – the Fed’s preferred...
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Nasdaq Futures Get A Lift From Tesla, Texas Instruments Earnings: Analyst Points To Key Catalyst For Boosting Rally
2024 Apr 24, 6:37am | 1749Nasdaq and S&P 500 futures signaled a higher open on Wednesday, thanks to upbeat guidance from EV giant Tesla, Inc. (NASDAQ:TSLA) and semiconductor major Texas Instruments, Inc. (NASDAQ:TXN), although Dow futures were marginally lower. Investors will keep their eyes peeled for some important...
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'We're Buying This Soft Landing': Former Fed Governor Blames Government Spending For Delaying Rate Cuts
2024 Apr 23, 4:47pm | 713Former Dallas Fed President Robert Kaplan offered a stern critique of current U.S. fiscal policies, suggesting that they are hampering the Federal Reserve’s ability to lower interest rates amidst ongoing economic pressures. In exclusive interview with Market News (MNI), Kaplan highlighted...
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Did The Fed's Strategy Pay Off? Goldman Sachs Projects Steady Inflation Decline In 2024
2024 Apr 23, 4:04pm | 544Disinflationary forecasts have fallen out of favor recently, especially following three consecutive months of unexpected inflation increases. Yet, Goldman Sachs economist Jessica Rindels has made a bold call, predicting a downturn in the core Personal Consumption Expenditure (PCE) Inflation – the...
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Analyzing Q1 Earnings Beat or Miss for CAT & Four Industrial Stocks
2024 Apr 23, 3:14pm | 1414Per the Federal Reserve's report, industrial production rebounded 0.4% each in February and March 2024, following a 0.8% dip in January. However, the overall performance for the first quarter of 2024 showed a decline at an annual rate of 1.8%. In March 2024, the Institute for Supply Management...
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Wall Street Set To Open Higher As Tesla Kicks Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy Pullback'
2024 Apr 23, 6:55am | 1522The mood on Wall Street turned tentative on Tuesday as investors awaited earnings reports from the “Magnificent 7,” companies that fueled much of the market’s upside since 2023. Index futures rose slightly in early trading. Asian markets closed mostly higher, while European...