All articles tagged with #stock market
U.S. stocks rose as optimism about artificial intelligence outweighed Middle East geopolitical concerns, with the S&P 500 and Nasdaq led higher by tech and semiconductor names even as a few large components pulled back.
Ferrari unveiled the Luce, its first electric five-seater, a $645K model touted for rapid performance (0-60 mph in about 2.5 seconds, 192 mph) but criticized for its look, which some say resembles a Nissan Leaf. The backlash coincided with a roughly 5% drop in Ferrari’s stock, as critics questioned demand for such an expensive, non-traditional Ferrari design. Ferrari defends the concept and notes plans to shift customers from combustion/hybrids to EVs, while market context shows rivals pausing EV plans and the broader luxury EV segment facing price sensitivity. The Luce is produced at Ferrari’s Italian plant and will hit the market in Q4, with an external sound system to mimic traditional engine roars.
Jim Cramer shares his top 10 items investors should monitor for Tuesday's trading session.
Stock futures rose after oil prices fell on optimism about a U.S.-Iran war resolution, with Dow, S&P 500, and Nasdaq futures higher ahead of Memorial Day markets; investors weighed strong earnings growth prospects against a rising chance of a July Federal Reserve rate hike.
The Fed’s latest meeting minutes suggest policymakers may adopt a hawkish stance, keeping rates higher for longer and tightening financial conditions, a backdrop that could reprice valuations in an historically expensive stock market and increase near-term volatility for investors.
Fed minutes from the April meeting show a rising likelihood of policy firming and potential rate hikes if inflation stays above 2%, signaling a shift away from an easing bias and posing a risk to a historically pricey stock market that had been counting on rate cuts for future growth.
CBS MoneyWatch outlines Memorial Day 2026 hours: Target and Walmart will be open during regular hours; Costco warehouses will be closed. A broad list of retailers and fast-food chains (including Applebee’s, Burger King, CVS Pharmacy, Chick‑fil‑A, Dollar General, Home Depot, HomeGoods, Homesense, JCPenney, Kohl’s, Lowe’s, Macy’s, Marshalls, Michael’s, Petco, Sierra, TJ Maxx, and more) are open. Open grocery options include ALDI, Food Lion, Kroger, Stop & Shop, Trader Joe’s, Wegmans, and Whole Foods. Non-essential government offices and post offices are closed; some UPS retail locations may be closed, and FedEx will have modified hours. The stock market will be closed in observance of Memorial Day.
The Dow Jones hit a record high even as US consumer sentiment sank to an all-time low, underscoring a split between booming markets and anxious households as AI-related job concerns and rising yields weigh on the outlook.
A Kobeissi Letter graphic links decades of data, showing the S&P 500 rising about 130% over six years while US Consumer Sentiment slides roughly 55% to a record low, illustrating what the piece calls the biggest wealth divide in modern history as markets climb and everyday confidence crumbles.
Alphabet’s Gemini 3.5 Flash aims to deliver frontier-level AI at under half the price, with enterprises potentially saving about $1 billion annually by migrating 80% of workloads from Claude and ChatGPT. Gemini’s market presence is growing (about 27% of AI web traffic, 900 million monthly users), new pricing cuts (Ultra plan to $200/month) and the Gemini Spark 24/7 cloud capability bolster adoption. OpenAI’s dominance is waning while Google Cloud revenue rose 63% to $20 billion, and Alphabet posted strong earnings growth with ample cash, supporting a compelling AI-driven growth narrative and a roughly 30x earnings multiple. The article views these factors as making Alphabet a buy, though not based on AI alone.
U.S. stocks rose on renewed optimism about Middle East developments, with the Dow Jones Industrial Average hitting a fresh high as gains broadened across sectors and investors watched for further economic signals.
Meta launched a Reddit-style Facebook app called Forum, triggering about a 4.5% drop in Reddit’s stock as investors weigh Meta’s AI-driven moves against Reddit’s position; the launch follows Meta’s Snapchat-style clone earlier this month, with Reddit having just beaten earnings but facing AI-competition headwinds.
Stocks edged higher as quantum-computing names led gains after the Commerce Department announced $2 billion in incentives under the CHIPS and Science Act. The Dow rose 364 points (0.7%), while the S&P 500 and Nasdaq gained about 0.6%. Notable moves included Merck’s China study-positive drug data, BJ’s Wholesale Club beating earnings, IMAX exploring a potential sale, and Lenovo rallying on strong AI-driven revenue. Premarket movers featured Booz Allen Hamilton and Generac higher, with Futu dropping on a China crackdown. Global markets were broadly higher, Asia in particular, as investors weighed inflation trends and Fed policy expectations, with Nordea signaling a likely rate hold for now.
Stock index futures rose on optimism that tensions with Iran could ease, with S&P 500 futures up about 0.3% to 7,468.18 and Nasdaq-100 futures up about 0.2% to 29,422.07, ahead of Fed-related news and other key data.
Frontier Developments announced Warhammer 40,000: Chaos Gate - Deathwatch for PC, PS5, and Xbox Series X|S with no release date, a tie-up with Complex Games; the news pushed Frontier's shares to about 409.5p, up 2.6% on the London market.