The S&P 500 and Nasdaq Composite closed at record highs on Tuesday, fueled by Apple’s jump to an all-time peak. The broader S&P 500 rose 0.27%, while the tech-heavy Nasdaq gained 0.88%. Both indexes even surpassed previous highs during trading. However, the Dow Jones took a different direction, dropping 0.31%. Analysts believe investors shifted their…
Apple (AAPL) stock surged 7% on Tuesday, closing at a record high for 2024. This surge came after a dip on Monday, the day of Apple’s WWDC conference. Investors reacted positively to the announcement of Apple Intelligence, the company’s new AI platform. Wall Street analysts were enthusiastic. D.A. Davidson analyst Gil Luria upgraded Apple’s stock…
Chipmaker Nvidia boasts a staggering 25-fold performance lead over Apple since the start of 2024. This comes as Nvidia prepares to execute a highly anticipated 10-to-1 stock split. Year-to-date (YTD), Nvidia stock skyrocketed over 150%, while Apple shares gained a modest 6%, according to Nasdaq data. Even in the short term, Nvidia outpaces Apple, with…
Keith Gill, the online influencer known as “Roaring Kitty,” returned to the spotlight with a livestream on Friday, but it wasn’t enough to save GameStop’s stock from a steep decline. Despite over 600,000 viewers tuning in, Gill’s jokes and disclaimers couldn’t reverse the nearly 40% drop after GameStop announced a $3 billion stock sale. Gill,…
Chipmaker Nvidia (NVDA) has been a major driver of the stock market recently, with its trading volume reaching record highs. However, some analysts are cautioning that this surge in enthusiasm might be unsustainable. An analyst firm, BTIG, points out that Nvidia’s daily trading volume is currently 90% above average and could reach 80 million shares….
Friday’s jobs report surprised everyone. It was great news for the economy, showing lots of new jobs and rising wages. This would normally be a good thing for stocks too, but it caused a stir in the bond market. Here’s why: The Fed’s Next Move: The Fed meets next week, and investors are waiting to…
Investors began 2024 optimistic about rate cuts, fueling record highs for major U.S. stock indexes. However, a surprisingly strong May jobs report upended those expectations. The report showed the U.S. economy added far more jobs than expected, with wages also rising higher than anticipated. This raised concerns about inflation and challenged the Federal Reserve’s ability…
A shakeup is coming to the S&P 500! Three companies are being added to the influential index to better reflect the current market landscape. According to S&P Dow Jones Indices, cybersecurity firm CrowdStrike (CRWD), private equity giant KKR (KKR), and web hosting company GoDaddy (GDDY) will be joining the S&P 500 on June 24th. These…
This coming week promises to be eventful for the stock market, with several major events and index changes on tap. Upcoming Events: Stock Market Rally: The previous week saw the Nasdaq and S&P 500 reach record highs, while the Russell 2000 fell below its 50-day moving average. Despite some weakness in overall market breadth, several…
Keith Gill, the online investor who rose to fame during the 2021 GameStop short squeeze, is back in the spotlight and his trades are sending shockwaves through the market once more. Gill, known by his online aliases “Roaring Kitty” and “DeepFuckingValue,” announced his return to GameStop investing on June 2nd, revealing a hefty $180 million…