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Tech Stocks Slide On Earnings, US Economy Flexes Muscles, Small-Cap Rally Continues: This Week In The Markets
2024 Jul 26, 4:12pm | 729The tech earnings season started with disappointments for investors as shares of the Magnificent Seven companies all declined during the trading week. Alphabet Inc. (NASDAQ:GOOGL) reported stronger-than-expected earnings and revenue, but missed analysts’ targets on YouTube advertising revenue...
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Wall Street Enjoys Late-Week Rally On Benign Inflation Data, Dow Jones Eyes Best Session Of 2024, Tech Unwinding Stalls: What's Driving Markets Friday?
2024 Jul 26, 1:51pm | 1135After a turbulent week in the markets, the bulls reclaimed dominance on Wall Street during Friday’s session, with indices and sectors trading in positive territory as investors welcomed the latest corporate earnings results and further confirmation of inflation progressing toward the Fed...
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Homebuilder Stocks Rally To Record Highs On Rate-Cut Frenzy But Housing Sales Still Struggle
2024 Jul 26, 11:51am | 965Homebuilder stocks surged to record highs on Friday, driven by a positive inflation report that cemented expectations for interest rate cuts in September. The Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite inflation measure — fell from 2.6%...
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Fed's Favorite Inflation Gauge Keeps Falling But Fed Wants 'Durable Downward Trend,' Economist Says
2024 Jul 26, 11:12am | 711The Personal Consumption Expenditure (PCE) price index keeps falling. This reaffirms the possibility that the Federal Reserve will cut the key interest rate by September. The PCE, the Fed’s favored inflation indicator which tracks U.S. consumer spending, rose 2.5% on an annual basis in June,...
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US Stocks Look To End Week On High Note As Nvidia Leads Mega-Caps Higher In Premarket Ahead Of Key Inflation Data
2024 Jul 26, 7:39am | 1516After the severe pounding the tech space received in the past three sessions, it might be rebound time. However, any recovery will largely hinge on whether key inflation data confirms the continued downward trajectory in pricing pressure. The major index futures are notably higher early Friday....
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Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They 'Will Return To Larger-Cap Alternatives,' Veteran Analyst Says
2024 Jul 25, 4:15pm | 909Investors are increasingly bullish on small-cap stocks, driven by optimistic projections for the interest-rate-sensitive segment of the market to thrive as the market approaches the onset of a Federal Reserve rate cut cycle. July has been a pivotal month, as small caps significantly outperformed...
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Fed's Favorite Inflation Gauge Set To Drop To Lowest Level In Over 3 Years: Is July Rate Cut Possible?
2024 Jul 25, 11:56am | 640Investors are eagerly awaiting Friday’s announcement of the Personal Consumption Expenditure (PCE) price index, known as the Fed’s preferred inflation measure, as it could reinforce expectations of Fed rate cuts and provide relief to risky assets after this week’s sharp declines....
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Surprise Q2 GDP Growth, Inflation Eases — 'Economy Is Much Stronger Than People Realize': 7 ETFs On The Move
2024 Jul 25, 9:27am | 429In the second quarter, the U.S. gross domestic product (GDP) saw a robust real growth of 2.8%, accelerating from the previous quarter’s 1.4% growth and surpassing the 2% estimates. Inflation pressures, measured by the Personal Consumption Expenditure (PCE) price index, eased from 3.4% to 2.6...
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Nasdaq, S&P Futures Slide On More Negative Tech Tidings As Focus Shifts To Q2 GDP Data: Strategist Says Trump Trades May Not Work Even If Ex-President Retakes White House
2024 Jul 25, 7:23am | 2002Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the...
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China's Central Bank Surprises Markets With Second Lending Operation This Week: Fed Likely To Hold Rates Steady At July FOMC
2024 Jul 25, 2:01am | 674The People’s Bank of China (PBOC) has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility (MLF) operation, issuing 200 billion yuan...
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3 Gas Distribution Stocks to Buy From a Flourishing Industry
2024 Jul 24, 3:36pm | 762Natural gas distribution companies offer services to transport natural gas from the region of production to millions of consumers across the United States. The utilities under the Zacks Utility Gas Distribution industry control miles of underground pipeline network to provide natural gas services...
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5 Things To Know In Investing This Week: The Rate Cut Expectations Are 100% Issue
2024 Jul 24, 2:15pm | 2687This was a fascinating week featuring political shifts, increased market volatility, and a week-long drop in the stock prices of the mega-cap tech leaders that have been supporting the equity market indexes the past couple of years. This week, we’re focused on higher retail sales and...
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GDP Q2 Preview: 5 ETFs To Monitor Thursday As Economic Data Unfolds
2024 Jul 24, 1:31pm | 597Investors are eagerly awaiting this Thursday’s release of advance estimates for the second quarter’s gross domestic product (GDP) by the Bureau of Economic Analysis at 8:30 a.m. ET. In the first quarter of 2024, the U.S. economy grew at an annualized rate of 1.4%, a significant slowdown...
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US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?
2024 Jul 24, 1:13pm | 1414Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:...
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US Services Activity Hits 28-Month Peak, Price Pressures Continue To Ease: Economist Calls It 'A Goldilocks Scenario'
2024 Jul 24, 10:55am | 666U.S. private sector activity displayed stronger-than-anticipated growth in July, driven primarily by a robust services sector, despite manufacturing slipping into contraction for the first time in six months. The preliminary Composite Purchasing Managers’ Index (PMI) edged up from 54.8 in...