EUR/JPY is seen coming off its ¥178.82 over 50-year high (euro equivalent) and probes its accelerated uptrend line at ¥177.38.
Since negative divergence on the daily Relative Strength Index (RSI) accompanied last week’s high, the odds favour at least a minor retracement.
The NASDAQ 100 shows signs of strength, but really, at this point, it shouldn’t have been a huge surprise, as we had pulled back just a bit, only to touch the top of the channel that we had been in previously. With that said, the market continues to see a lot of sideways action as we try to build the necessary momentum to break out to the upside.
Home Depot (HD) stock has been a terrific buy-and-hold bet for truly long-term shareholders. Thanks to a history of innovation and adaptation, the nation’s largest home improvement retailer has managed to stay on top through both economic ups and downs and technological disruptions.
Back in the day,
OpenAI announced a $38 billion partnership with Amazon’s AWS on Monday, its first major cloud computing deal since striking a new agreement with Microsoft that gave it more flexibility.
OpenAI will use AWS compute, which consists of “hundreds of thousands of state-of-the-art Nvidia GPUs,” according to a joint statement between the companies.
Amazon shares were up more than 5% in premarket trading on the news.
US stock indices edged higher on Monday, primarily buoyed by strong optimism surrounding the continued demand for Artificial Intelligence (AI) infrastructure and a major deal in the consumer healthcare sector.
The market sentiment was significantly lifted by the news of a colossal $38 billion computing deal struck between OpenAI and Amazon Web Services (AWS).
» Read more about: US Stock Market today: Wall Street edges up on AI and M&A deals »
Chief Minister N. Chandrababu Naidu announced the signing of a Memorandum of Understanding (MoU) between the Government of Andhra Pradesh and the Hinduja Group for a cumulative investment of ₹20,000 crore, during his tour of the United Kingdom (U.K.) on Monday (November 3). He said in a post on ‘X’ that these investments would accelerate the State’s industrial and clean energy growth.
In September, the IRS finalized a rule that changes how high-income workers ages 50 and older can make catch-up contributions to their 401(k) and similar workplace plans.
Mutual Funds: Before deciding to invest in a mutual fund scheme, investors are recommended to compare the past returns delivered by different mutual fund schemes falling under the same category.
Although past returns do not guarantee future returns of a scheme, they tend to set the tone of its growth trajectory and give confidence to retail investors to remain invested in it.
Berkshire Hathaway reported major stock sales last quarter.
That includes a further reduction in one of Berkshire’s top holdings.