US stock market: Dow Jones futures rally 2% as Trump extends Strait of Hormuz deadline for two weeks
US stock market: After the announcement of the Strait of Hormuz deadline for two more weeks, and a crash in crude oil prices, the Dow Jones futures shot up by nearly 2% during the early morning session on Wednesday. By 6:02 AM during the early morning session in Asian markets today,
Stock Market Today, April 7: Apple Slides Against Muted Market Backdrop
The S&P 500 (SNPINDEX:^GSPC) edged up 0.08% to 6,616.85, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.10% to 22,017.86, while the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.18% to 46,584.46 as oil‑driven geopolitical anxiety capped risk appetite.
Tech heavyweights lagged,
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Read MoreWall Street Sees 22% Upside for Tesla (TSLA) This Year
2024 Getty Images / Getty Images News via Getty Images
Quick Read
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Tesla (TSLA) trades at $340.27 versus a $416.15 consensus price target, implying 22% upside, but faces a 38% drop in fiscal 2025 operating income to $4.355 billion and a 9% decline in full-year deliveries driven by higher R&D spending and margin pressure.
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Read MoreThe AI Supercycle Isn't Over — It Just Moved. 5 Growth Stocks Riding the Next Wave.
Key Points
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Broadcom and Arista Networks are two top data center networking plays.
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Alphabet’s TPUs give it a big advantage with inference.
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AMD and Arm Holdings look poised to be big beneficiaries of agentic AI and the need for more CPUs.
More Federal Reserve officials see possible rate hikes this year, minutes show
WASHINGTON (AP) — The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months.
Minutes of the Fed’s March 17-18 meeting,
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Read MoreThe Burst
Will NVIDIA Be Knocked Off Its Perch By Quantum?
Earlier this month, NVIDIA CEO Jensen Huang seemingly dashed the hopes of speculative tech investors banking on quantum computing to become the next big thing in the ever-advancing race for faster and faster computer processing. Huang, speaking at the Consumer Electronics Show, stated his view that practical quantum computers were still about two decades away,
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Read MoreThe Ivy
Ford’s Fat Dividend Yield Looks Tempting, What’s The Catch?
At first glance, Ford’s dividend might look like a smooth ride. The company is handing out $0.75 annually and has sweetened the pot with special payouts in recent years. These bonuses are part of Ford’s plan to return 40% to 50% of its adjusted free cash flow to shareholders.
But don’t let the recent payouts lull you into a false sense of security.
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Read MoreThe Spotlight
Spotlight: Turn $15k Into $1,000 Every Year
When we first spotlighted Verizon, it had a yield that approached 8% but after its recent move higher, it still offers a handsome yield of over 6.4%.
That’s more than enough to turn a $15,000 investment into an annual payout of $1,000+, assuming the dividend stays in place, but will it?
Here’s what you need to know about Verizon and its potential to pay a steady income stream for the foreseeable future.
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