When it rains, it pours.
After weeks of relatively little in the way of hard numbers, Wall Street is now juggling a gauntlet of major earnings reports, lower China tariffs, and concerns about a December rate cut.
The Dow Jones Industrial Average was up 313 points,
» Read more about: Dow Is Rising After Tech Earnings, Trump-Xi Meeting »
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» Read more about: Oracle (NYSE:ORCL) Fuels Digital Momentum In S&P 500 Companies »
US stock market news: Meta stock drop 0.5%. The Nasdaq Composite fell 1.1% In discrepancy, the Dow Jones Industrial Average was one of the most successful pars, rising 259 points, which is about 0.6 percent.
The Big Picture
The big tech names largely set the tone for stocks on Thursday.
Shares have lagged the market this year, partly due to some public image and regulatory issues.
» Read more about: Should You Buy DexCom Stock Before Oct. 31? »
When you invest in your body and your mind—a whole-being investment—you don’t just build longevity; you gain a daily return in energy, clarity, and vitality.
getty
Many people today anxiously check their financial portfolios, watching for returns on their investments.
» Read more about: Daily Dividends: Why Whole-Being Care Is Your Best Investment »
US policymakers, financial institutions, and business owners have been flying blind for almost a month as a government shutdown has stopped the release of crucial federal economic data ranging from the size of the labor force to the country’s GDP.
The void is set to deepen by Thursday as Washington holds off publishing gross domestic product (GDP) numbers measuring the growth of the world’s biggest economy in the July to September period.
» Read more about: US Economy In The Dark As Govt Shutdown Cuts Off Crucial Data »
President Donald Trump received a long-awaited gift from America’s central bank today: lower interest rates for the second consecutive month.
The news was delivered by one of the public officials he has most villainized throughout the course of both of his presidencies: Federal Reserve Chair Jerome Powell, whom he appointed in 2017.
Trump lambasted Powell this week,
» Read more about: Trump got what he wanted from the Fed chair. But the economy is still wobbly. »
The US Federal Reserve on Wednesday trimmed its key interest rate by a quarter percentage point, lowering the target range to between 3.75 per cent and 4 per cent.
Please click here for an enlarged chart of Meta Platforms Inc (NASDAQ:META).
Note the following:
» Read more about: A Must See Chart for Those in the AI Trade; Trump Xi Meeting 'Amazing' »
Latest reports about iPhone 17 sales are likely to be a tailwind for the company.
A big chunk of iPhone users are expected to upgrade their devices.
