The S&P 500 ended flat, while the Nasdaq 100 slipped 0.3% and the Dow Jones Industrial Average added 0.5%.
SK Hynix slumped below its IPO price.
Apple surpassed Nvidia to be the world’s largest company by market cap.
Cipher Digital Inc(NASDAQ:CIFR) shares are sliding Monday despite a bullish initiation from Chardan Capital, as broader market weakness appears to be overwhelming the stock-specific positive catalyst.
Chardan Capital’s Bill Papanastasiou stepped into the Cipher Digital story Monday with a fresh Buy rating and a $32 price objective,
» Read more about: Cipher Digital Stock Is Falling Today: What's Going On? »
D-Wave Quantum
Today’s Change
(20.20%) $3.28
Current Price
$19.49
Market Cap
Investors were counting on the summer rally to carry into August, buoyed by resilient earnings, cooling inflation, and hope of a turnaround in tech stocks.
Bank of America is warning that the calendar might be turning against them.
The bank’s latest seasonality analysis, shared with me,
» Read more about: Bank of America sends sharp August stock market warning »
Many investors diversify their equity mutual fund investments across categories such as flexi cap, large & mid cap, multi cap, and large cap funds. However, investing in different categories does not necessarily mean gaining exposure to a wider set of stocks.
A Value Research analysis has found that several equity mutual funds with different investment mandates have significant portfolio overlap.
In the aggregate, active mutual funds often charge higher fees, generate more taxable capital gains because of higher portfolio turnover, concentrate assets in a smaller number of stocks, and have an above-average possibility of underperforming a low-cost benchmark over the long term.
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» Read more about: 7 Best Fidelity Mutual Funds to Buy and Hold »
Applications for U.S. unemployment benefits fell last week to an almost 60-year low, adding to signs of a stable labor market that will allow the Federal Reserve to focus on inflation.
Meanwhile, the European Central Bank rejected an immediate move to raise interest rates and President Christine Lagarde laid the groundwork for a possible rate hike in September.
» Read more about: Global economy gets a lift as AI chip boom meets low U.S. jobless claims »
In the latest trading session, Energy Transfer LP (ET) closed at $19.91, marking a -2.23% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today,
» Read more about: Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know »
Ranger Energy (RNGR) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -60.00%.
» Read more about: Ranger Energy (RNGR) Q2 Earnings and Revenues Miss Estimates »
Wall Street is heading for a pivotal week as Big Tech earnings, the Federal Reserve’s rate decision and key inflation data test a market hovering near record highs.
The busiest stretch begins on Wednesday, when Microsoft and Meta Platforms report earnings before the focus quickly shifts to the Fed’s interest rate decision later in the day.
