The Street
Nvidia shares buffeted by global security concerns TheStreet Daily Newsletter
Technology
Politics
Finance
Nvidia shares recovered early losses, ending the day up 4 cents; Nvidia stock up 1.7% in September but down 1.7% in Q3.
2024-10-08 23:55:10
Markets
Stocks
Economy
Market Resilience Amid Global Challenges
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U.S. stock markets showed resilience as the S&P 500 and Nasdaq each gained approximately 0.5%, while the Dow Jones also saw modest increases. Investors reacted positively to a downturn in oil prices, which alleviated some geopolitical tensions in the Middle East.
However, the market remains cautious, grappling with concerns over potential interest rate hikes and economic slowdowns, particularly following disappointing stimulus measures from China. Tech giants such as Amazon, Apple, and Alphabet regained momentum, with Nvidia benefiting from strong demand in the AI sector.
Despite a revenue drop, PepsiCo's earnings surpassed expectations. The New York Fed president emphasized that current policies are well-suited for a 'soft landing,' while upcoming inflation reports are set to influence future financial decisions.
Analysts remain divided over the likelihood of rate cuts, with Goldman Sachs adjusting its S&P 500 targets for the coming years. Overall, while optimism persists, the market is closely monitoring global economic indicators and their implications for investment strategies.
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The Street
Stock Market Today: Stocks slide as oil, Treasury yields power higher TheStreet Daily Newsletter
Finance
Economy
Environment
Politics
S&P 500 up 20.5% YTD; Europe's Stoxx 600 slipped 0.35%, Britain's FTSE 100 rose 0.2%; Japan's Nikkei 225 gained 1.8% as yen fell to 7-week low against U.S. dollar, MSCI ex-Japan benchmark up 0.5%.
The Street
Goldman Sachs analyst overhauls S&P 500 targets for 2024 and 2025 TheStreet Daily Newsletter
Finance
Economy
Saxo Bank warns Chinese stimulus, Middle East tensions could cause inflation to linger, proving market's expectations of 6 Fed rate cuts by June too optimistic, as Goldman boosts S&P 500 targets.
The Street
Midday stock movers: Super Micro, Apple, Pfizer TheStreet Daily Newsletter
Finance
Economy
Technology
Pfizer stock rose 2.4% as Starboard Value took a $1B stake, aiming to drive a turnaround with support from former Pfizer leaders. Apple plans iOS 18.1 and Intelligence, but Jefferies downgraded the stock, citing premature iPhone 16/17 expectations. Super Micro surged 15% after announcing liquid cooling solutions with Nvidia HGX GPUs in a 4U server, quadrupling computing density and reducing data center footprint and deployment time for AI factories. A day earlier, short-selling firm Hindenburg..
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