|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Tech Companies Lead the Way on AI, Optimism About Rate Cut; Arista Networks, Dycom, TransDigm in the Spotlight
Aug 01, 2024 at 07:49 pm
Dow Jones futures rose slightly on Thursday, along with S&P 500 futures and Nasdaq futures, with Meta platforms (META) responds positively to profit forecasts.
Dow futures rose slightly on Thursday, along with S&P 500 futures and Nasdaq futures, as Meta Platforms (META) rose sharply in response to profit forecasts. Apple (AAPL), Amazon.com (AMZN) and Coinbase (COIN) edged higher and are set to report results after the close.
Carvana (CVNA) and TransMedics (TMDX) were also among the late gainers, along with Ferrari (RACE) and Regeneron Pharmaceuticals (REGN). AI chip play Arm Holdings (ARM) and Moderna (MRNA) slid under scrutiny.
Nvidia (NVDA) continued to rebound on Thursday, signaling a move above the 50-day line.
Dow Jones Futures Today: DJIA, S&P 500 Futures Rise稍晚於預期,但仍有上漲空間
Dow futures rose about 0.1% vs. fair value. S&P 500 futures advanced 0.5%. Nasdaq 100 futures climbed 0.6%.
Crude oil futures advanced 1%, after rising 4.3% to $77.91 a barrel Wednesday.
The 10-year U.S. Treasury yield fell to 4.05%, after declining 4 basis points to 4.11% Wednesday.
The Bank of England cut its key interest rate a quarter-point to 5%, in a 5-4 split decision. Economists were split on whether the BoE would cut.
Please note that pre-market actions in Dow futures and other markets don’t necessarily translate into actual trading during the next regular trading session.
Stock Market Rally Wednesday
Earnings from big tech companies fueled optimism about AI on Wednesday, while Federal Reserve Chair Jerome Powell said a September rate cut is “on the table.”
The Dow Jones Industrial Average edged up 0.2% in stock market trading Wednesday. The S&P 500 jumped 1.6% and the Nasdaq Composite 2.6%, both reclaiming their 50-day lines. The small-cap Russell 2000 gained 0.5%.
Key Wins
Meta revenue beat expectations, with the parent company of Facebook and Instagram guiding revenue higher and also signaling strong capital spending through 2025. Meta stock shot up more than 8% before the open, signaling a move back above the 50-day line and the 500 level. Shares rose 2.5% to 474.83 on Wednesday.
Arm earnings beat forecasts for its first fiscal quarter, but the U.K.-based leader in wireless chip design lowered expectations for its second fiscal quarter. ARM stock fell 9%.
Carvana earnings beat forecasts. CVNA stock initially rose 10% overnight, jumping out of a buy zone.
Why This IBD Tool Simplifies The Search For Top Stocks
Apple, Amazon Poised For Solid Gains
Apple stock rose more than 1% on Thursday morning. Shares advanced 1.5% on Wednesday to 222.08, reclaiming their 21-day high. Apple revenue and sales are expected to rise modestly in fiscal Q3, but attention will be focused on the upcoming AI-enabled iPhone 16.
Amazon stock edged up nearly 2%. Shares rose 2.9% to 186.98 on Wednesday, closing just below the 21-day and 50-day lines. Amazon earnings are expected to rise 59%, with AWS growth and AI capex key.
Coinbase stock rose 1.2% before the open. Shares fell 10 cents to 224.36 on Wednesday after hitting resistance again at the 50-day line. COIN stock has a buy point of 283.48, with 272.55 as an early entry.
Join IBD Experts As They Analyze Leading Stocks And The Market On IBD Live
Is Nvidia Stock Pulling Back To Repeat Spring Fix?
Nvidia stock rose 3% in premarket trading, after rising 12.8% to 117.02 on Wednesday. Shares are attempting to return to their 21-day and 50-day moving averages. NVDA stock may be starting to build the right side of a new base, one that looks a lot like the March-May base.
On both March 8 and June 20, Nvidia stock rebounded after rising more than 40% above its 50-day line. After a brief pause, shares made another push to new highs but fell back, eventually breaking below the 50-day line for good before finding its footing.
Read The Big Picture Every Day To Stay In Sync With Market Trends And Leading Stocks, And Sectors
Follow Ed
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- 5 New Crypto Tokens That Can 10x or 100x Your Money
- Sep 25, 2024 at 12:45 am
- Crypto traders are always looking for new opportunities to 10x and 100x their money. Today, we will be looking at five tokens, Pepe, Ripple, BNB, FET, and Cutoshi, and see which one has the biggest potential for massive gains.
-
- Dogecoin (DOGE) vs GoodEgg (GEGG): Which Meme Coin Will Outperform in 2024?
- Sep 25, 2024 at 12:25 am
- For years, Dogecoin (DOGE) has been the king of meme coins, capturing the hearts of millions with its playful Shiba Inu mascot and the support of
-
- The Open Art (TONX) – A Night Where Innovation Meets Freedom of Expression
- Sep 25, 2024 at 12:25 am
- The Open Art, hosted by Blum, TONX, and TON Society during Token2049, is an event where attendees get to immerse in a night where innovation meets freedom of expression.
-
- Lunex (LNEX) Network: A Revolutionary DeFi Protocol Connecting All Isolated Blockchains into One Non-Custodial Exchange
- Sep 25, 2024 at 12:15 am
- The crypto market has several DeFi exchanges like Uniswap and PancakeSwap, but none of these allow users to exchange cryptos across different blockchains.
-
- SUI and AVAX Surges After the Fed Rate Cut: What's Next?
- Sep 25, 2024 at 12:15 am
- The recent Federal rate cut, which many people take for bad news, was actually a blessing in disguise for cryptos such as Sui (SUI) and Avalanche (AVAX).
-
- Ripple (XRP) Price Prediction: Can XRP Deliver an Explosive Price Gain Soon?
- Sep 25, 2024 at 12:15 am
- A closer look at the crypto market reveals the immense gains many digital assets have delivered in preparation for the year's final quarter.
-
- ALEO Airdrop is Live — Claim Your Free Tokens!
- Sep 25, 2024 at 12:15 am
- Claiming your blockchain ALEO tokens is easy! Just adhere to these quick steps and start using your tokens immediately.
-
- Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges
- Sep 25, 2024 at 12:15 am
- According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours.