All articles tagged with #stocks
U.S. stocks drift while Treasury yields rise after inflation data shows a 3.7% CPI, with traders pricing in roughly a 75% chance of at least one Fed rate hike this year; the 10-year yield climbed to about 4.67% as the economy was revised to a 1.5% annual growth pace and consumer spending slowed.
Target shares fell about 5% after the company apologized for and pulled a Halloween costume critics said resembled Blackface, with some stakeholders saying the apology didn’t restore trust as Target pursues a turnaround under CEO Michael Fiddelke.
Stock futures hover near flat ahead of the July PCE inflation print and Nvidia's Q2 results, after a session where the S&P 500 rose about 0.3%, the Nasdaq climbed 0.7%, and the Dow gained 0.3% on softer yields and lower oil. The inflation report is expected to show a 0.1% monthly rise and a 3.6% yearly increase, keeping Fed policy in focus ahead of Fed Chair Powell’s or Warsh’s remarks at Jackson Hole later in the week. Nvidia’s earnings after the bell are closely watched given its weight in the S&P 500, and broader markets remain affected by movements in oil and Treasuries.
U.S. equities advanced modestly after a day of tariff-driven headlines, with the Dow up about 0.3%, the S&P 500 around 0.2%, and the Nasdaq roughly 0.6%, as Canada retaliated with duties in response to U.S. tariffs. Nvidia earnings and Fed Chair Jerome Warsh’s Jackson Hole speech loom large for market sentiment, while Bitcoin briefly topped $80,000 and oil slipped on tariff headlines. Economic data showed softer new-home sales and consumer confidence, setting a cautious tone ahead of the Fed symposium. DICK’S Sporting Goods fell about 13% after missing expectations and trimming its outlook, and Canada’s TSX rose on financials amid the broader volatility.
A Raymond James analyst upgrades AMD to Strong Buy with a $641 target, implying about 40% upside from current levels, citing AMD’s AI chips, Instinct MI450 GPUs and Helios data-center systems as catalysts amid strong data-center demand. AMD also posted a solid Q2 beat (non-GAAP EPS of $1.66, revenue $11.5 billion) and projects robust server CPU sales growth into 2027, with key deals including Microsoft Azure AI deployment and a large investment in Anthropic that could bolster AI deployments against Nvidia.
Gold rose to its highest in three months as traders weigh US inflation and ongoing bond-market jitters, with spot gold near $4,650 an ounce after the Treasury expanded long‑dated debt purchases. Global stocks opened higher on tech optimism ahead of Nvidia results and US inflation data, while Brent crude hovered just under $90 a barrel. Other headlines include resilient US house prices with slowing momentum, Lego's strong half-year sales, Vistry’s £350m affordable-homes grant, and the liquidation of First Brands Group, alongside warnings from veteran investors about attempts to suppress yields amid mounting debt concerns.
Futures were little changed as the S&P 500 and Nasdaq slid on tech weakness ahead of Nvidia’s results and the July inflation print, while the Dow edged higher; Asia markets were weaker and Treasuries eased on talk of expanding long‑dated bond purchases. Investors are bracing for Nvidia’s report, more earnings, the inflation data due this week, and a Jackson Hole speech by Fed Chair Warsh, with UBS advising positions in quality bonds and a touch of gold to weather higher yields.
History shows the one winning move in bear markets is to keep buying during declines rather than panic-sell. By buying at lows (as seen in 2022 with Amazon and Nvidia), patient investors have captured substantial gains as markets recover, so the advised strategy is to stay invested and keep cash ready for opportunities.
Trump reportedly conducted more than 1,000 stock trades in June, reshuffling a portfolio worth tens of millions with at least $49 million in purchases and $28.5 million in sales, including large moves in Home Depot and a Vanguard ETF; the disclosures come as Congress weighs a stock-trading ban for officials, fueling renewed scrutiny over potential conflicts of interest.
Hedge fund veteran Stanley Druckenmiller reportedly sold part of Sandisk stock in Q2 while dramatically increasing positions in three AI beneficiaries—Taiwan Semiconductor (TSM), Alphabet (GOOG/GOOGL), and Amazon (AMZN)—as part of a long‑term bet on AI infrastructure and cloud computing growth, per Form 13-F disclosures.
Top Wall Street analysts see long-run growth in CrowdStrike, Dell Technologies, and SanDisk, boosted by AI-related demand, platform consolidation, and high-margin storage opportunities, with bullish price targets reflecting upside as AI infrastructure spending and NAND demand expand.
Jim Cramer explains why AI data-center stocks were among the week's worst performers, attributing the declines to overarching market pressures and sector-specific dynamics.
Stocks opened higher on Friday, buoyed by a rally in bitcoin and strength in crypto names and commodities, with the materials sector leading as copper and gold rose; but the market was still on track for weekly losses as defensive stocks lagged.
Bond yields surged after the Treasury signaled a bigger role in buying long-term bonds, sending the 10-year to about 4.71% and the 30-year to around 5.27% and helping push stock indices lower (S&P 500 -0.3%, Nasdaq -0.8%, Dow off roughly 400 points). Oil climbed with WTI near $89 and Brent near $95 as gas averaged $4.10 a gallon. The move followed the Treasury’s surprise debt-management step and comes as debt tops $40 trillion, prompting caution from analysts that the policy’s longer-term effects on yields could be limited and may depend on broader fiscal actions; the dollar slid about 1% as markets weighed the implications for inflation and borrowing costs.