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By Anna Szymanski July 24 (Reuters) - From the Editor Hello Morning Bid readers! Cash burn and spiking crude prices dominated market headlines this week.
Nvidia is trading at its lowest valuation in years.
The company plans to submit a new application for a national trust bank charter under the framework of the Genius Act
July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new
Investors are looking to extend their gains, but taking on more risk.
Stocks looked set to struggle for direction on Friday as a drop in oil prices eased fears about higher inflation, even as artificial-intelligence jitters lingered. Nasdaq 100 futures rose 0.1%. The Dow was on track to outperform the other two major indexes because it tends to be more reactive to oil prices, which were retreating having spiked above $100 a barrel the previous session.
These inflationary concerns can't be swept under the rug.
Stocks stabilized on Friday but were on track for weekly losses as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
FTSE 100 Live pre-open London looks set to open in the red on Friday, with tech selling and oil topping $100 a barrel combining to darken the mood heading into the weekend. Futures traders have the FTSE 100 called 40 points lower, building on Thursday's 77-point decline to 10,639. The...
By Stella Qiu SYDNEY, July 24 (Reuters) - Asian shares sank on Friday as a near 40% rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond
Alphabet’s capex forecast raise and a hat tip from Elon Musk boosted sentiment for MU stock.
By Junko Fujita TOKYO, July 24 (Reuters) - Japan's Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.
As the global benchmark topped $100, stocks slumped and Treasury yields hit their highest levels of President Trump’s second term.
The market’s nonchalance over escalations in Iran came to an abrupt end on Thursday, as oil prices settled above $100 a barrel for the first time in two months. Ongoing jitters about hyperscalers spending too much on the AI buildout weren’t helping matters, and the combination of those factors wiped out hundreds of billions of dollars in market cap. The Nasdaq Composite sank 2.1%.
<body><p>STORY: Wall Street stocks plummeted on Thursday, with the Dow dropping about 1%, the S&P 500 shedding 1.2% and the Nasdaq tumbling more than 2%.</p><p>The latest earnings results from large tech companies such as Alphabet and Tesla revived concerns about heavy AI spending, says Keith Buchanan, senior portfolio manager for Globalt Investments.</p><p>"We're at a point now where the hype has to kind of meet some level of realistic expectation, quantifiable expectation. And the markets are starting to digest just what this means to cash flow in some of the largest companies in the world going forward. And a lot of spending is eating into cash flow in a way that's making investors lose a bit of comfort and question a lot of valuations that have grown over the past couple of years. And that's what's really at the root of what's really hampering some of the market returns today and giving back some of the gains that we've gotten for the market over the past couple of weeks."</p><p>Shares of Alphabet sank 7% after the tech giant reported higher spending plans while it also burned cash.</p><p>And shares of Tesla tumbled 14.5% after Elon Musk's EV maker reported negative free cash flow in the second quarter for the first time in more than two years.</p><p>But shares of Intel rose 10% in extended trading after the company forecast quarterly profit and revenue above Wall Street estimates as an AI data center buildout increases demand for its central processing units, or CPUs.</p><p>Meanwhile, Brent crude oil futures settled above $100 a barrel for the first time since May, and U.S. oil futures settled above $92.</p><p>The surge in oil prices prompted worries about inflation ahead of next week's Federal Reserve policy meeting.</p></body>
The latest trading day saw AngloGold Ashanti (AU) settling at $78.42, representing a -3.39% change from its previous close.
In the most recent trading session, TXO Partners LP (TXO) closed at $13.24, indicating a +1.46% shift from the previous trading day.
In the closing of the recent trading day, Trane Technologies (TT) stood at $479.71, denoting a +1.29% move from the preceding trading day.
Kroger (KR) closed the most recent trading day at $55.76, moving 3.09% from the previous trading session.
The latest trading day saw PagSeguro Digital Ltd. (PAGS) settling at $9.46, representing a -2.17% change from its previous close.
The latest trading day saw MongoDB (MDB) settling at $299.14, representing a -1.91% change from its previous close.
In the latest trading session, Avino Silver (ASM) closed at $5.69, marking a -9.11% move from the previous day.
In the most recent trading session, Rigetti Computing, Inc. (RGTI) closed at $14.85, indicating a -2.5% shift from the previous trading day.
The latest trading day saw Booking Holdings (BKNG) settling at $172.83, representing a -2.83% change from its previous close.
In the closing of the recent trading day, Signet (SIG) stood at $89.67, denoting a -1.05% move from the preceding trading day.
In the latest trading session, Star Bulk Carriers (SBLK) closed at $27.15, marking a +1.42% move from the previous day.
NRG Energy (NRG) closed at $142.99 in the latest trading session, marking a +2.15% move from the prior day.