Good MorningEquity markets pulled back on Tuesday, with the S&P 500 falling more than 1.25% at the session's low. The move lower was led by NVIDIA and big tech, which shed more than 5.5% for the session. NVIDIA opened with a gain driven by news from CEO Jenson Huang's CES keynote address but failed to hold the gains. The move confirms the presence of resistance at the critical all-time high level and sets this market up for a more considerable decline. The critical support for the S&P 500 is at 5,830.
The next hurdle for the market will come Friday. The NFP report is expected to show another month of steady job gains and rising wages and may be hotter than expected. Tuesday's JOLTs report was much better than expected, showing a robust increase in job openings and worker demand. In this environment, the NFP report could show improving labor market strength, bad news for interest rates, but good news for consumers and corporate profits. Featured: Crypto bros: Meet your replacement (Ad) 
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Stocks | | | Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity.The S&P 500 fell 1.1% after giving up an early gain. The Dow Jones Industrial Average dropped 178 points, or 0.... Read the Full Story |
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Markets | | | Wall Street held firmer on Wednesday, a day after strong reports on the economy hurt U.S. stocks by stirring up worries that inflation and interest rates may remain higher than expected.The S&P 500 rose 0.2% to recover a bit of its 1.1% slump from the day before. The Dow Jones Industrial Average... Read the Full Story |
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NVIDIA (NASDAQ: NVDA) is still the most important stock after two-plus years of dominating the stock market. Its GPU technology unlocked the door to AI, and now NVIDIA is capitalizing on it using a full-stack method. The CUDA framework is central to the advances that now include a new platform f... Read the Full Story |
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Markets | | | China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up an economy bogged down by a property crisis and disruptions during the pandemic, the ruling Communist Party is rolling out a slew of measures... Read the Full Story |
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Donald Trump has been an ardent supporter of his “Drill, baby, drill” slogan throughout his re-election campaign. As the returning President, Trump promises to make good on his intent to increase domestic oil and gas production in the oil/energy sector by reforming energy permitti... Read the Full Story |
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Markets | | | Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House Read the Full Story |
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Markets | | | The Federal Reserve's top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Joe Biden that he would step down as vice chair ... Read the Full Story |
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The battle to gain influence in the live sports market is heating up among streaming platforms. Netflix (NASDAQ: NFLX) has been pushing hard over the past few months to integrate live sports. Its Mike Tyson versus Jake Paul boxing match attracted 65 million viewers and led to 1.4 million new subsc... Read the Full Story |
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Billionaire investor and Pershing Square Holdings founder Bill Ackman recently made waves on X (formerly Twitter) by doubling down on his bullish outlook for Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC). Ackman, whose investing acumen earned him comparisons to Warren Buffett and the &ld... Read the Full Story |
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In observance of a National Day of Mourning for former President Jimmy Carter, U.S. stock markets, including the New York Stock Exchange (NYSE) and Nasdaq, will close on Thursday, January 9, 2025.
President Carter, the 39th President of the United States, passed away on December 29, 2024, a... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California. | | View Today's Stock Pick |
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