Newsfeeds Archive - Page 23 of 150

3 minute read

Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns ‘Federal Debt Blob Is Out Of Control’

April 24, 12:22 PM

U.S. Treasury yields continue to rise, impacting mortgage market and economy. Bond ETFs down, mortgage rates highest since 2023, federal deficit concerns.

TLT

3 minute read

US Economy Expected To Grow 2.5% In Q1: Not ‘A Hard Landing And Hardly A Soft One’

By Piero Cingari

April 24, 9:49 AM

The U.S. GDP growth rate for Q1 2024 is highly anticipated, with expectations of a 2.5% increase. Goldman Sachs forecasts a more optimistic 3.1% growth, driven by factors such as lower mortgage rates and strong consumer spending.

SPY

2 minute read

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What’s Driving Markets Tuesday?

By Piero Cingari

April 23, 1:33 PM

Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.

BKR

2 minute read

Cathie Wood’s Ark Empire Bleeds As Investor Outflows Spike: ‘The Loyal Shareholders Have Become Frustrated’

By Piero Cingari

April 23, 1:20 PM

In early 2021, Cathie Wood's ARK Invest managed $59B across 6 funds, becoming the world's largest active ETF manager. However, by April 2024, heavy outflows and underperforming holdings have caused assets under management to plummet to $11.1B.

ARKF

2 minute read

US Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: ‘Drivers Of Inflation Have Changed’

By Piero Cingari

April 23, 10:22 AM

US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, while employment decreased.

QQQ

2 minute read

Nasdaq 100 Breaks 3-Day Losing Streak As Tech Stocks Rebound Ahead Of Earnings Week

By Piero Cingari

April 22, 4:28 PM

Tech stocks rebound as Nasdaq 100 gains 1.5% and prepares for big earnings week from giants like Tesla, Microsoft, and Alphabet. UBS cautions on sector.

AAPL

1 minute read

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

By Piero Cingari

April 22, 4:07 PM

Gold prices declined 2.7% in NY due to reduced geopolitical risks. Silver also fell 5.1%. Israeli officials averted a US-backed counterstrike on Iran, easing tensions. Gains were pared as Iran downplayed strikes and traders await key economic data. Mining stocks also dropped, with GDX and SIL falling over 3%.

2 minute read

Stocks Set To Snap Worst Losing Streak In Nearly 2 Years, Gold Sinks, Bitcoin Reclaims $66,000: What’s Driving Markets Monday?

By Piero Cingari

April 22, 2:16 PM

U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022.

BTC

2 minute read

Microsoft ‘In Unique Position To Scale Gen-AI Revenue,’ Goldman Sachs Says Ahead Of Q3 Earnings

By Piero Cingari

April 22, 1:40 PM

Microsoft Corp. (NYSE: MSFT) will report its fiscal Q3 2024 earnings, with analysts expecting $2.83 EPS and $60.769B revenue. Goldman Sachs has a $450 price target and calls Microsoft one of the most compelling investment opportunities in the tech industry.

MSFT

3 minute read

Regional Banks Surge: Earnings Propel Rebound From Key Support Level At 200-Day Average

By Piero Cingari

April 22, 12:10 PM

Regional bank stocks (i.e., Metropolitan Bank) represented by SPDR S&P Regional Banking ETF, have rebounded after hitting 200-day moving average.

HBAN