Equities closed the week higher as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates.
Equities attempted a rebound early in the session but failed to hold those gains as Google led the Mag7 lower
Equities attempted a rebound early in the session but failed to hold those gains as Google led the Mag7 lower
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Equities suffered their biggest one day loss since 2022 as tech stocks nosedived following underwhelming second-quarter earnings from heavyweights Alphabet and Tesla.
Stocks ended slightly lower overnight amid cautious trading ahead of quarterly earnings from big tech names Tesla and Google.
Stocks were higher overnight in an Nvidia-led rebound in tech stocks following recent weakness as investors ignored America’s political disarray and looked ahead to megacap tech quarterly earnings this week
Equities slumped to their worst weekly loss since April as the broad rotation out of high-flying tech stocks rattled markets.
Equities ended lower overnight, pressured by wild swings as the early-day rebound in tech faded amid an ongoing rotation out of high-flying megacap tech stocks ahead of earnings from Netflix
Value stocks, led by financial and energy, gained overnight as the rotation away from tech was accelerated following an Nvidia-led retreat in tech on geopolitical jitters.
Overall, BHP has shown strong operational performance with record production in several key commodities and has met or exceeded its production and cost guidance for FY24. The company is actively progressing its growth and decarbonisation strategies, despite challenges in the nickel market.
The Dow had its best day in more than a year Tuesday, closing at fresh record highs, underpinned by better-than-expected retail sales data and a slew of mostly upbeat quarterly earnings from corporates
