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Compass Stock Jumps After Surprise Profit
Barrons.com104d agoneutral
Compass Stock Jumps After Surprise Profit

Compass the nation’s largest real estate brokerage, reported a surprise profit in its first quarter. The stock was up 30% in premarket trading. Compass stock was up roughly 30% to $9.41 in premarket trading.

Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes
24/7 Wall St.104d agoneutral
Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes

Tech futures are pointing to a strong open, with the Nasdaq Composite (^IXIC) leading the charge with a 1% increase on the heels of yesterday’s record-setting performance. Gains arrive on the back of blowout chip earnings and a sharp retreat in crude prices tied to signs of diplomatic progress between Washington and Tehran. AMD (Nasdaq: ... Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes

Chip Stocks Look Set to Extend Rally
The Wall Street Journal104d agobullish
Chip Stocks Look Set to Extend Rally

Chipmakers are the most actively traded U.S. stocks ahead of the opening bell, setting the stage for another tech-led rally. In recent premarket action: Intel (INTC) is the most traded stock by volume, according to Dow Jones Market Data, and is up about 6%.

Mag 7 Pop as Tech Stocks Rally Drives Record Gains
Barrons.com104d agobullish
Mag 7 Pop as Tech Stocks Rally Drives Record Gains

Chip makers helped the Nasdaq hit a record closing high on Tuesday, and strong earnings from Advanced Micro Devices looked set to keep the rally in tech stocks going. Futures tracking the Nasdaq 100 were up 1.

S&P 500 and Nasdaq Head for Record as Chip Stocks Rally Rages On
Barrons.com104d agobullish
S&P 500 and Nasdaq Head for Record as Chip Stocks Rally Rages On

Stocks looked set to extend their record-breaking run on Wednesday after chip maker Advanced Micro Devices posted strong first-quarter earnings and President Donald Trump signaled there had been progress in peace talks between the U.S. and Iran. S&P 500 futures added 0.3%, and contracts tied to the tech-heavy Nasdaq 100 jumped 0.7%. The S&P 500 and Nasdaq both closed at all-time highs on Tuesday as chip stocks racked up sizable gains, and AMD’s rock-solid results could extend the rally.

Risk On Again — Heard on the Street Tuesday Recap
The Wall Street Journal104d agoneutral
Risk On Again — Heard on the Street Tuesday Recap

Oil prices slipped and stocks advanced on hopes that the U.S. and Iran can avoid resuming their full-scale war. The United Arab Emirates said it was intercepting new attacks from Iran hours after the U.S. said Iran's latest military actions didn't rise to the level of violating the cease-fire. U.S. officials sought to play down the events of the past 24 hours, including Iran’s targeting of American warships and attacks on other vessels in the Strait of Hormuz.

Oil sinks and stocks rally on peace hopes, Samsung tops $1 trillion
AFP105d agoneutral
Oil sinks and stocks rally on peace hopes, Samsung tops $1 trillion

Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace.That came on the back of an eye-watering surge by Samsung, which rocketed as much as 12 percent to hit a market capitalisation of more than $1 trillion thanks to huge demand for its AI chips.

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge
Reuters105d agobullish
Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge

The market capitalisation of Samsung Electronics' ‌common stock surpassed $1 trillion ‌on Wednesday, making it the second ​Asian company after TSMC to reach the milestone. Samsung Electronics, the world's top memory chipmaker, saw its ‌market value ⁠reach 1,500 trillion won ($1.03 trillion) in early trading ⁠in Seoul on Wednesday, tracking sharp gains of AI-related ​stocks in ​the U.S. ​overnight. Shares of the ‌South Korean chip giant were up 12% at 09:52 a.m.

Review & Preview: Earnings in Focus
Barrons.com105d agoneutral
Review & Preview: Earnings in Focus

With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.