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The Federal Reserve's primary inflation gauge, the core PCE price index, showed the 12-month inflation rate hitting its highest level since October 2023, as Wall Street expected. S&P 500 futures are solidly higher early Thursday after a three-session losing streak sparked in part by the prospect for tighter monetary policy under new Fed Chairman Kevin Warsh. Rate-hike expectations have sent the U.S. dollar surging to its highest level in more than a year, even as prospects for rate hikes by other global central banks have faded with tumbling oil prices.
Bond yields dropped and stocks kept rising after the Federal Reserve’s benchmark inflation gauge matched expectations. The core personal expenditures price index, which excludes volatile food and energy prices and is watched closely by the central bank, rose at a 0.
US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start o
A modest projected decline in overall inflation for June doesn't tell the complete story.
Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.
Marvell (MRVL) has gained about 215.72% year to date at the time of writing, Wednesday afternoon, June 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 7.41% in the same period. The semiconductor giant has rallied thanks to its role in the AI boom. Strong fourth-quarter fiscal 2026 ...
The S&P 500 has been running ahead of Wall Street's targets all year. Banks that set their year-end forecasts in December have been revising them upward, sometimes more than once. Barclays joined the list again on June 23. Venu Krishna, the firm's head of U.S. equity strategy, raised the ...
Broader tech sell-off continued on Wednesday as investors awaited Micron earnings to judge the demand for AI and memory chips.
The tech sell-off was nerve-wracking for investors, but Morgan Stanley’s Andrew Slimmon feels the market might be getting exactly what it needed. In a recent CNBC interview, Slimmon made the case that AI winners weren’t collapsing due to fundamentals being broken. They fell because the trade became ...
U.S. stocks finished mixed Wednesday as investors cashing out bets on high-flying technology and artificial intelligence companies continued to rotate into beaten-down sectors of the market.
By Jamie McGeever ORLANDO, Florida, June 24 (Reuters) - U.S. bond yields tumbled on Wednesday as oil's slide to a four-month low eased inflation fears, although the relief wasn't felt as much in
Micron surged overnight on strong earnings and guidance, lifting other memory and chip plays. The Fed's favorite inflation gauge is on tap.
Honeywell's aerospace spinoff will be added to the S&P 500 index next week, while IES Holdings, a data center electric power provider, is going into the Midcap S&P 400. Both stocks rallied. Honeywell Aerospace will be officially in the S&P 500 at the start of trading on Monday, S&P Dow Jones Indices announced late Tuesday.
By Chuck Mikolajczak NEW YORK, June 24 (Reuters) - The U.S. dollar rose for a third straight day on Wednesday to hit a 13-month high as markets brace for anticipated rate hikes from the Federal
Over the past six months, Ingredion’s stock price fell to $96.75. Shareholders have lost 12.9% of their capital, which is disappointing considering the S&P 500 has climbed by 7.8%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The solar-energy company is partnering with home energy platform Renew Home and electric car maker Tesla to power data centers.
June 24 (Reuters) - Wall Street's main indexes were muted on Wednesday, after two straight sessions of declines, as technology shares steadied after a sharp sell-off this week and investors awaited
Burke Wealth Management, an investment management company, released its “Focused Growth Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -10.6% in Q1 2026, significantly lagging the S&P 500’s -4.3% returns. The letter noted the quarter as the worst for equities since 2022, with strong corporate earnings being […]
Don't assume some rising S&P 500 stock have gotten away from you. Analysts are unanimously supporting a few of them.