S&P 500, Nasdaq pull out unused data with Powell on deck

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• Mon, Jul 8, 2024 1:04 pm MST

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  S&P 500, Nasdaq moving to unused data

  The S&P 500 and Nasdaq Composite managed to inch up an inch on Monday on unreleased data as buyers anticipate a major inflation print this generation and quarterly reporting from JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC). The profit season has started once again. Effect on Friday.

  The Nasdaq Composite (^IXIC) rose about 0.3% and hit an all-time high on Friday. The S&P 500 (^GSPC) rose an additional 0.1%, while the Dow Jones Commercial Regional (^DJI) fell slightly to flatline.

  Chip stocks outperformed throughout Monday’s session, with Nvidia (NVDA), AMD (AMD), and Intel (INTC) all trading higher.

  The Shopper Worth Index print is set to decline on Thursday before the marketplace clears.

  “We expect the June CPI to be a dovish report, which should boost the Fed’s confidence on disinflation,” analysts at BofA World Analysis wrote on Monday.

• Mon, Jul 8, 2024, 12:20 pm MST

  trending ticker on monday

  Boeing (B. A,

  The plane maker plans to plead guilty to fraud charges in connection with the unfortunate 737 Max crashes of 2018 and 2019. Boeing shares rose as much as 2% on Monday before paring gains.

  Nikola (nkla,

  Nicola sought to disagree. Shares surged more than 20% on Monday as 2 Accurate Yahoo Finance’s Trending Ticker Checklist. Retention is over 35% at 5 sessions per hour.

  The stock surged Tuesday after the electric business car startup announced the wholesale sale of 72 Beauty 8 Nikola hydrogen gasoline mobile vans, topping the top end of the truck gross sales guidance of 60 gadgets.

  awesome micro laptopSMCI,

  AI-related performance like Super Micro laptops won on Monday as chip length outperformed. The SMCI rose 7% during the entire consultation. Retention has increased by over 215% year to date.

• Mon, Jul 8, 2024 11:42am MST

  Chip stocks outperform, Nasdaq leads

  Chip stocks outperformed throughout Monday’s session as the iShares Semiconductor ETF (SOXX) gained more than 1.5%.

  Some of the biggest gainers, Nvidia (NVDA) rose 2%, AMD (AMD) rose 3%, and Intel (INTC) rose more than 5%.

  Chipmakers also helped the Nasdaq Composite (^IXIC) stay in range on Monday afternoon, as the Dow Jones Industrial Average (^DJI) fell, and the S&P 500 (^GSPC) embraced the flatline.

• Mon, Jul 8, 2024 10:48 am MST

  Bitcoin nears $56,000 level

  Bitcoin (BTC-USD) surged near $56,000 per token on Monday afternoon, after the cryptocurrency hit an all-time low after hours amid concerns that defunct crypto exchange Mt. Gox started paying its collectors.

  The German government, which sold huge amounts of Bitcoin, may also have put pressure on Bitcoin.

  The virtual token slipped 5% in 24 hours to just under $55,000, or about $19,000 under its March filing prime.

• Mon, Jul 8, 2024 at 10:00am MST

  Paramount later retained corporate consent for the Skydance merger.

  Yahoo Finance’s Alexandra Canal stories:

  Paramount Retained (PARA) went down on Monday, after the entertainment giant announced it plans to merge with Skydance Media in a deal that would give up Redstone Public’s control of the company.

  The contract, which was announced Sunday, comes years after the proposal envisioned status Paramount, which is managed by Shari Redstone through her public safety company, National Amusements (NAI).

  Paramount shares fell about 3% in the afternoon trading session as investors digested the terms of the new deal, which includes Skydance acquiring NAI (and Redstone’s stake) for $2.4 billion in cash before completing the full merger. Is.

  National Amusements owns approximately 10% of Paramount’s equity capital rate and maintains 77% of the voting stock worth approximately $1 billion.

  Read more here.

• Mon, Jul 8, 2024 9:24am MST

  Dow lost strength, S&P 500 wobbled

  Stocks fell short of the rally in mid-session Monday, with the S&P 500 (^GSPC) falling slightly below the flatline.

  The Dow Jones Commercial Reasonable (^DJI) erased more than 200 points, falling about 0.2%.

  Semiconductor stocks led the Nasdaq Composite (^IXIC) with narrow gains. Stocks of Nvidia (NVDA), Broadcom (AVGO), and Intel (INTC) were up more than 2% on Monday.

• Mon, Jul 8, 2024 8:38 am MST

  Nvidia rose 2% as analysts raised price targets on Retain

  Shares of Nvidia (NVDA) rose more than 2% on Monday as some Wall Side Road analysts raised their price targets on the AI ​​chip heavyweight.

  UBS raised its price target for Reitan to $150 from $120 a month, Wolfe Analysis raised its forecast to $150 from $125.

  Meanwhile, Nvidia is up nearly 160%. The Santa Clara, California-based company’s stock closed at an all-time record of $135.58 on June 18.

• Mon, Jul 8, 2024 7:47am MST

  Tesla Retains Trying to Extend Monster 8-Day Rally

  Tesla’s Retain (TSLA) turned in the green, later opening in the red as the EV giant attempted to extend an eight-day rally that saw the stock surge nearly 37%.

  Retain’s profitable streak has erased year-on-year losses with a remarkably fast turnaround. Shares have gained more than 75% since hitting 52-week lows in April.

  The Tesla stock was sitting just above the flatline as of 10:45 a.m. ET.

• Mon, Jul 8, 2024 6:56 am MST

  Dow gains 200 points as shares of Intel, Boeing stand down

  The Dow Jones Commercial Reasonable (^DJI) rose more than 200 points, or 0.6%, on Monday. The blue-chip index was boosted by shares of Intel (INTC) and Boeing (BA), up more than 5% and 2%, respectively.

  Boeing Retain rose after the plane maker pleaded guilty to prison conspiracy charges on the subject of two unfortunate 737 Max crashes.

  Intel shares also rose later, with Melius analysis highlighting that the chip maker is set to benefit from an AI craze in the second half of this year as buyers turn to tech names that have made waves in the semiconductor sector. Have performed poorly.

  Intel’s stock is down more than 30% over the past few years.

• Mon, Jul 8, 2024 6:32 am MST

  Stocks are in the lead compared to this generation’s leading inflation wisdom, with S&P 500 and Nasdaq struggling to make up data

  Stocks rose on Monday as the S&P 500 (^GSPC) rose 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose slightly from flatline later, with every index file posted Friday’s close.

  The Dow Jones Commercial Reasonable (^DJI) rose about 0.2%.

  Shares took aim at a data tie in the wake of Friday’s jobs list, which signaled a continued cooling in the labor market.

  Additional important knowledge will flow into this generation, with the Shopper Worth Index print set to arrive Thursday.

  “We expect the June CPI to be a dovish report, which should boost the Fed’s confidence on disinflation,” analysts at BofA World Analysis wrote on Monday.

  The market will also pay attention to any clues about the Fed’s nearest Cabinet decision when Fed Chairman Jerome Powell speaks during semiannual testimony before Congress on Tuesday and Wednesday.

• Mon, Jul 8, 2024 3:04 am MST

  disney gaze

  Some key estimates came out of JPMorgan after seeing accumulation on Disney (DIS) shares this morning.

  Analyst David Karnowski lifted his full-year fiscal year revenue estimate on Disney to reflect 20.5% year-over-year growth. He sees profits in line with a 25% rising percentage.

  “Our higher estimate follows the very strong box office performance for Inside Out 2, which grossed over $1 billion globally in the quarter. The film is a positive indicator for the creative direction at the studio – especially the pipeline with multiple animated sequels in the U.S. — though we think investors still want to see execution on the original IP,” Karnowski said.

  Utility Noting: Disney shares have fallen 16% over the past three months.