Stocks
Markets closed with a significant boost on Tuesday as several top-performing stocks rose on better-than-expected quarterly results and raised guidance. SkyWater Technology led the pack with a 20.1% gain, while Fusion Pharmaceuticals, Palantir Technologies, and Zoetis Inc. also saw significant increases. Key Takeaways: * SkyWater Technology, Inc. (NASDAQ:SKYT) rose
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The headline consumer price index (CPI) for December rose 6.4% from last year, down from the 6.5% pace recorded in November and just ahead of the Street consensus forecast of 6.2%. The so-called core inflation, which strips out volatile components such as food and energy prices, rose
Stocks
Stock futures traded mixed Tuesday ahead of a key speech from Federal Reserve Chairman Jerome Powell, who is set to address the Economic Club of Washington, D.C. at 12:40 pm eastern time. While the dollar held steady, U.S. Treasury yields nudged higher as investors reassess their expectations
Stocks
The stock market kicked off the week with moderate losses, despite some notable gains in select sectors. Electric-vehicle giant Tesla stock rallied after a jury found CEO Elon Musk not liable in a securities-fraud lawsuit, while the company's shares followed a tweet from Musk stating that the social
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Market optimism, which reached its highest levels in over a month, was tempered as Intel's surprise December quarter loss and a less-than-stellar outlook for PC and data center sales kept a lid on early gains on Wall Street. Traders are also noting an important move higher in Treasury
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U.S. equity futures increased on Thursday, buoyed by a stronger-than-expected fourth-quarter economic growth rate of 2.9%, which surpassed the Street's consensus forecast of 2.6% and marked a slowdown from the previous quarter's 3.9% pace. The Commerce Department's GDP release, coupled
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Investors adjust to the possibility of a U.S. recession and rate hikes from the Federal Reserve, pushing U.S. equity futures lower while Treasury bond yields decline. The Federal Reserve's comments, including from Fed officials Loretta Mester, Patrick Harker, and James Bullard, added to concerns about the
Stocks
Berkshire Hathaway's stocks saw mixed performance on Thursday, with losers outpacing winners 36 to 11 among its holdings, according to the company's latest SEC filing. The company's stake in various firms, including Floor & Decor Holdings Inc, Snowflake Inc, and Ally Financial Inc, saw
Stocks
The Dow Jones Industrial Average rose on Wednesday as the Federal Aviation Administration (FAA) restarted, leading to a modest decline in airline stocks. Meanwhile, Tesla stock rallied on news of a $775 million expansion plan at its Texas gigafactory. Other stocks, such as Expedia, saw significant gains following an analyst
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Investors anxiously await this Thursday's US inflation data, with the US consumer price index (CPI) expected to show December's headline inflation at 6.5 per cent, a slight decrease from November's 7.1 per cent. The markets are in a holding pattern, with the
Stocks
The Dow Jones and S&P 500 futures experienced a modest decline overnight, while Nasdaq futures retreated 0.4%. This volatility came as Amazon announced plans to cut over 18,000 jobs, exceeding initial expectations. Meanwhile, strong economic data and a hawkish Federal Reserve stance kept investors cautious, leading
Stocks
The Dow Jones Industrial Average fought back after initially slipping following the release of the latest Fed minutes, as investors digested the hawkish tone from the Federal Reserve. Microsoft tumbled after an analyst downgrade, while General Electric surged after the spinoff of GE HealthCare Technologies. Meanwhile, a couple of stocks
