Stock market today: Dow soars 461 points while Nasdaq wavers as tech shares slip
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Indexes ended higher, with a 460-point gain for the Dow.
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Wall Street cheered Nvidia earnings, raising price targets for the chip maker.
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Other Big Tech shares struggled, with Alphabet, Amazon, Meta, and Microsoft ending lower.
Indexes ended higher on Thursday as traders digested another solid earnings beat from Nvidia.
Read MoreBedroom drug dealer who laundered profits through cryptocurrency jailed for three years
‘One-man-band’ Felix Boo made tens of thousands of pounds buying drugs online and selling them on the Telegram app, before attempting to launder the money by purchasing luxury Rolex watches and digital currencies.
The 24-year-old bought his drugs on the dark web, but his criminal enterprise was discovered when Border Force officers intercepted a parcel containing nearly 300g of cannabis destined for his father’s address in Whitstable,
Quant Mutual Fund’s Big Adani Bet Turns Sour on Bribery Charges
Bullish wagers by one of Adani Enterprises Ltd.’s biggest backers are looking vulnerable, following its shares’ tumble caused by the US indictment of its chairman.
Quant Mutual Fund, an Indian asset management firm that bought nearly half of $500 million worth of Adani Enterprises’ shares sold in a placement in October,
» Read more about: Quant Mutual Fund’s Big Adani Bet Turns Sour on Bribery Charges »
Read MoreCould the Presidential Election Disrupt the US Economy's Winning Streak?
Key Takeaways
- The U.S. economy is running smoothly, but any delays in the presidential election outcome could destabilize it.
- Polling shows a close race, raising the chances of the outcome being thrown into doubt,
- One economist said there was “nothing but downside” for the economy if the election is close and contentious.
» Read more about: Could the Presidential Election Disrupt the US Economy's Winning Streak? »
Read MoreThe ‘linked benefits’ of index investing
Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The writer is a former chair of Yale’s Investment Committee, an ex-board member of Vanguard and the author of 21 books including the forthcoming Rethinking Investing
The idea of linked costs was made clear to me by my father when I was 11 and he asked: “Why does the cinema charge you kids only 20 cents for admission?”
“Because we’re kids?” was my reply.
» Read more about: The ‘linked benefits’ of index investing »
Read MoreThe Burst
Will NVIDIA Be The First To Hit $10 Trillion?
The plaudits NVIDIA receives seem to have no bounds but they also seem deserved when you look under the surface.
This is a company with a perfect Piotroski score of 9, suggesting rock solid fundamentals. It’s not a surprise, as a result, to discover that a full 30 analysts increased their earnings estimates for the company for the upcoming quarter.
» Read more about: Will NVIDIA Be The First To Hit $10 Trillion? »
Read MoreThe Ivy
Will This Space Stock Soar By 77%?
Planet Labs (NYSE:PL) is a unique tech company that uses its fleet of satellites to image the entire planet every day.
Through this effort, Planet Labs has created a massive database of Earth images that can be used by its customers to draw insights about a host of industries, geographic changes and even military movements.
» Read more about: Will This Space Stock Soar By 77%? »
Read MoreThe Spotlight
Why Buffett Is All In On This Energy Stock
In recent months, Chevron has garnered attention for winning the confidence of Warren Buffett whose Berkshire Hathaway has taken a large stake. But Chevron’s roots trace all the way back to the 19th century when it was originally part of the Pacific Coast Oil Company.
Since then, Chevron has evolved to become one of the largest and most diversified energy companies in the world,
» Read more about: Why Buffett Is All In On This Energy Stock »