Utilities Notch 7th Straight Session Of Gains: ‘Potential Derivative Play To The AI Boom’
Utilities sector outperforming S&P 500 since beginning of year, gaining attention for potential as derivative play to AI boom.
As Spot Gold Stalls Will Investors Turn To Gold Miners? This ETF Looks Ready To Break Out And Offers 2X Leverage
Spot gold was trading flat Wednesday, continuing to consolidate in a sideways pattern after reaching record highs in April, partly propelled by China escalating its purchases of the commodity.
Israel Must Protect Civilians In Rafah, US Defense Secretary Says After Halted Weapons Shipment
US halts arms shipment to Israel due to concerns over potential large-scale offensive in Gaza, emphasizing need to protect civilians.
Biden Administration Tightens Grip On China’s Huawei, Revokes Key Export Licenses From US Chipmakers
The Biden admin revoked export licenses to Intel and Qualcomm, escalating US efforts to curb Huawei's tech ascent due to national security concerns.
Israeli Forces Seize Control At Rafah Crossing As Ceasefire Negotiations Falter: US Delays Military Shipments To Israel
Israeli forces take Rafah crossing, Hamas warns of ceasefire collapse. US delays arms shipment, UN condemns Israeli assault. Stocks rise.
Nvidia Is ‘De Facto AI Standard For The Foreseeable Future’: Goldman Sachs Analyst Revises Share Price Expectations
Goldman Sachs raises Nvidia price target to $1,100 ahead of its earnings report, citing strong AI server demand and improved supply chain.
Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift
Utilities, once the underperformers, have emerged as the surprise winners in S&P 500's first four months. Tech dipped while utilities surged.
Powell Keeps Hawks At Bay, Says Interest Rate Hike ‘Unlikely’: Stocks, Gold Rally, While Treasury Yields, Dollar Tumble
Fed Chair Powell reassures markets, says rate hikes unlikely and inflation will move lower. Slower balance sheet runoff to mitigate market stresses.
The Stock Market Slips Ahead Of Fed’s Policy Meeting As Investors Brace For Persistently High Rates
The SPDR S&P 500 (NYSE: SPY) was falling about 0.25% lower Wednesday ahead of the Federal Reserve’s decision on interest rates.