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Stock Market Today: Key Highlights and Market Movements
2024-09-11 23:55:08
Markets
Stocks
Economy

Stock Market Today: Key Highlights and Market Movements

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Stocks showed mixed movements ahead of crucial inflation report, with S&P 500 and Nasdaq rising while Dow Jones edged lower. Notable events include Apple's tax case loss and Oracle's earnings beat.

Investors are closely eyeing job and inflation data, amidst focus on iPhone 16 launch and cloud demand. Following CPI data, the market saw a bounce back with reduced odds of a 50bps Fed rate cut.

GameStop witnessed a revenue miss and shares fell after a planned issuance. The day also saw Dow Jones slide post-surprise inflation report, with GameStop diving on earnings.

Notable stock movements included Apple, Oracle, Alibaba, Palantir, Dell, and Boeing. Market fluctuations were influenced by the semiconductor sector performance, as well as specific stock news such as Trump Media, GameStop, and Albemarle's significant market impacts.

Related news on that topic:

Stock Market Today: S&P 500 and Nasdaq Edge Higher as Inflation ... Report Looms

Stocks in the stock market today were uncertain ahead of the release of an important inflation report. The S&P 500 and Nasdaq were up, while the Dow was down. Apple lost a tax case, but Oracle's earnings beat expectations. Investors are closely watching jobs and inflation data, as well as the launch of the iPhone 16 and the demand for cloud services. The stock market had a volatile week, with fears of a recession causing the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average to decline. JPMorgan Chase warned of lower net interest income, while OPEC lowered its demand growth forecast. In other news, Donald Trump and Kamala Harris are set to face off in a presidential debate. The market is searching for its momentum after a decline, and the nonfarm-payrolls report had a negative impact. Apple, Oracle, and Alibaba were among the stocks making moves midday. Major research firms have unveiled their stock market forecasts for the fourth quarter, and the bond market is sending a startling signal for stocks.

Market Volatility Amid Fed Decisions and Company Performance

The Dax stabilizes following losses, as investors anxiously await the Fed's interest rate decisions. Adidas experiences a 3% stock drop due to weakened demand in China and heightened competition. Concerns loom over possible market downturns triggered by recession fears and the impending Fed announcement. Global markets react unevenly, with Wall Street seeing gains, while Asian markets show mixed results. Euro and gold prices hold firm, while oil prices remain steady. Oracle surpasses expectations with robust cloud business, and Apple emphasizes camera and AI features in new iPhone models. Amidst uncertainties, European futures remain steady awaiting US inflation data and traders navigate political unknowns ahead of the US election debate.

Read 20 more recent news on this topic

The press radar on this topic:

The Street
18. September 2024 um 11:40

Midday stock movers: Apple, Palantir, Dell, Boeing TheStreet Daily Newsletter

Finance
Technology
Economy
Stocks rebounded; Apple, Palantir, Dell, Boeing notable. Apple iPhone, AI integration. Boeing deal with 33,000 workers avoids strike, includes 25% raise, 401(k) boost, lower health costs.
Yahoo Finance
10. September 2024 um 13:32

Stock market today: S&P 500, Nasdaq edge higher as inflation report looms

Finance
Economy
Stocks wavered ahead of inflation report; S&P, Nasdaq up, Dow down; Apple lost tax case, Oracle earnings beat; jobs, inflation data eyed; iPhone 16 launch, cloud demand also in focus.
The Street
11. September 2024 um 23:04

Midday stock movers: Apple, Oracle, Alibaba TheStreet Daily Newsletter

Finance
Economy
Technology
The stock market is trading lower, with Apple, Nvidia, Meta, Oracle, and Alibaba among the trending stocks. Oracle expects double-digit revenue growth and signed an AWS deal. Alibaba's Hong Kong shares were added to stock connect programs, which Morgan Stanley forecasts will attract $17-$37 billion in net inflows over 12 months. Apple is set to incur a $10 billion one-time income tax charge after the European Court of Justice ruled on its $14.4 billion back-tax payment. The semiconductor sector..
Yahoo Finance
11. September 2024 um 13:52

Stock Market Today: Dow Jones Slides On Surprise Inflation Report; GameStop Dives On Earnings

Finance
Economy
Technology
Environment
Dow -1.2%, S&P -0.7%, Nasdaq lower. CPI up 0.2% monthly, 2.5% yearly; core +0.3%, 3.2% yearly. GameStop (GME) -14% on profit beat, sales miss. Trump Media (DJT) -13%. Oil +2% on hurricane. Apple, Netflix in focus. Costco (COST) near 896, Taiwan Semi (TSM) building cup. Home Depot (HD) near 378, IBM (IBM) at top of range, Uber (UBER) 5% from 75. Only 1 new 'Breaking Out' stock, Tyler (TYL) trying to break out; few 'Near Pivot' ideas.
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