US stocks ended higher on Thursday, with the Nasdaq Composite outperforming the broader market as Nvidia’s strong revenue outlook boosted technology and semiconductor shares. Investors also looked ahead to Federal Reserve Chair Kevin Warsh’s upcoming Jackson Hole speech amid renewed concerns over inflation and interest rates. Nvidia earnings lift technology stocks The Nasdaq Composite gained
US consumer prices rose slightly in July, with the Federal Reserve’s preferred inflation gauge showing that price pressures remain elevated as policymakers weigh the next move on interest rates. The personal consumption expenditures price index increased 0.2% on a seasonally adjusted monthly basis, while the annual inflation rate reached 3.7%, according to the Commerce Department.
The S&P 500 was little changed Wednesday after the latest inflation data showed price pressures remain elevated. The broad-market index rose 0.1%, while the Nasdaq Composite traded around the flatline. The Dow Jones Industrial Average gained 53 points, or 0.1%. Inflation remains above Fed target The personal consumption expenditures price index, the Federal Reserve’s preferred
Zoom Video stock suffered a big reversal this week, ending the recent bull run that pushed it to the highest level in months. It dropped by nearly 4% on Tuesday, and then by 5.7% in the premarket session. It reached a low of $95, down by nearly 15% from its highest point this year. Zoom
Meta Platforms (META) has reached a settlement to resolve claims from states that the company designed Instagram and Facebook to be addictive to children, misled consumers about the safety of its platforms, and improperly collected personal information from young users. As part of the settlement, Meta agreed to pay $16.7 billion, with California expected to
Oklo stock rose nearly 4% in premarket trading, extending the 12% gain from the previous session. The rebound came as investors returned to small modular reactor (SMR) stocks, including NuScale. However, Oklo still faces significant risks, which helps explain its elevated short interest and continued insider selling. Top insiders have been selling Oklo stock While
Scotiabank stock price continued its strong bull run this week, reaching an all-time high. BNS has jumped 30% this year and 68% over the past 12 months, outpacing the SPDR S&P Bank ETF (KBE), which has risen just 16% this year. This rally may continue in the foreseeable future, as the bank’s revenue growth is
Even as Wall Street’s broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market’s most lucrative trade. Chip stocks face a sharp near-term drawdown risk, driven less by any operational stumble than by overcrowded portfolio bets colliding with macroeconomic pressure. Bank of America semiconductor analyst Vivek Arya thinks the
Alphabet (GOOGL) shares fell on Wednesday as a landmark settlement between Meta Platforms and US state attorneys general placed renewed scrutiny on how YouTube protects children and teenagers on its platform. Meta’s landmark settlement over child safety would not only impose stricter limits on how teenagers use Instagram and Facebook, but could also put a
SpaceX stock (SPCX) fell around 1% Wednesday, extending a choppy stretch in which the stock has closed lower in six of the past nine sessions. Analysts, however, see the company’s planned Louisiana expansion as a potentially significant source of upside. Morgan Stanley sees launch capacity upside Morgan Stanley analyst Adam Jonas reiterated an Overweight rating