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Market Focus: Fed Influence on Stocks with Microsoft, Jobs, and ...
2024-08-01 14:59:08
Stocks
Technology
Markets

Market Focus: Fed Influence on Stocks with Microsoft, Jobs, and Tech Earnings

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Today, the stock market is driven by optimism as U.S. stocks show modest gains, with tech giants like Nvidia and Tesla facing early challenges. Investors eagerly anticipate earnings reports from Microsoft, AMD, and the Federal Reserve's policy decision, alongside the pivotal July jobs report.

Amidst steady Treasury yields and dollar rates, the Fed is likely to signal future rate cuts. Additionally, the European GDP reveals growth disparities, with Germany experiencing a slight contraction.

Market watchers also closely monitor the Bank of Japan's considerations on tapering bond purchases. Noteworthy movements include tech stocks like Nvidia, AMD, and Tesla surging, while Microsoft faces a dip.

Meta's strong earnings contribute to the market rally, with significant focus on technological advancements and economic data. PayPal stands out with a remarkable 8% increase following an exceptional Q2 performance.

Related news on that topic:

Stock Market Volatility as Data Shows Cracks in US Economy

Tech and chip stocks crash, dragging down the Nasdaq and S&P 500, as weak data reveals cracks in the US economy. The 10-year yield falls below 4% due to contracting manufacturing and rising jobless claims. Piper Sandler warns that slower data may not be good news. Traders anticipate a rate cut in September. Though some tech companies like Meta, Apple, and Amazon provide relief with positive earnings, others like Alphabet, Microsoft, and Tesla face resistance. Falling bond yields and disappointing global economic indicators contribute to market uncertainty. The Bank of England cuts rates, while the Bank of Japan raises rates and the Bank of Korea is expected to cut. Investors react to recession fears triggered by tech earnings, manufacturing slowdown, rising unemployment, and inflation data. The stock market's strong performance this year adds to concerns. Some experts draw parallels between the current stock market and the dot-com bubble, while others argue that fundamentals and valuations differ. European and US equity futures rise on hopes of a Fed rate cut, and oil prices climb due to Middle East tensions.

Market Volatility as Dow Jones Futures Fall on Microsoft and AMD ... AMD Results

Dow Jones futures fell as Microsoft's weak Azure growth and AMD's uncertain guidance weighed on investor sentiment. The market rally showed divergence, with small caps and non-tech sectors remaining steady while tech leaders like Nvidia faced a sell-off. Microsoft reported mixed results, with Azure revenue growth decelerating and AI spending surging. AMD, on the other hand, reported strong earnings and provided positive guidance. Despite the market turbulence, top analysts added Nvidia to their top pick list, citing strong AI chip demand. The Fed meeting looms ahead, leaving investors awaiting the rate decision. Microsoft's CEO, Satya Nadella, reassured investors that profits from the company's AI investments are on the horizon. The company remains focused on leading the AI era and aims to deliver substantial cloud revenue growth driven by AI. The performance of Microsoft's personal computing business will also be closely watched by investors.

Read 9 more recent news on this topic

The press radar on this topic:

The Street
31. Juli 2024 um 19:46

Stock Market Today: Stocks higher with Microsoft, Fed, Jobs in focus TheStreet Daily Newsletter

Finance
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U.S. stocks rise, with S&P 500, Dow Jones, and Nasdaq futures pointing to modest gains, though early declines for Nvidia and Tesla hold down tech gains. Investors await earnings from Microsoft, AMD, and the Federal Reserve's policy decision, as well as the crucial July jobs report. Treasury yields and the dollar are steady. The Fed is expected to guide the market towards rate cuts. The June Jolts report on job openings, quits, and wages will be released. European GDP grew 0.3% in Q2, while Ger..
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3. August 2024 um 12:46

Stock Market Today: Stocks get Fed boost; Apple and Amazon on deck TheStreet Daily Newsletter

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Stocks surge on Fed, earnings; Nvidia record; Yen, Nikkei fall; S&P, Nasdaq July performance.
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US stocks rally on Meta's earnings; S&P 500, Nasdaq futures climb; Fed hints September rate cut; Big Tech earnings in focus; economic data eyed; Meta's digital ads, AI investments; traders expect 25bps, 50bps rate cuts; 'Magnificent Seven' earnings disappoint.
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