Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came after the precious metal traded lower earlier in the day as rising oil prices fueled concerns that inflation could remain elevated and delay potential interest rate cuts. Spot gold climbed to an
US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the United States and Iran threatened to prolong the conflict and keep investors on edge. The Dow Jones Industrial Average fell 28 points, or 0.05%, while the S&P 500 gained 0.11%. Nasdaq Composite
The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June. Initial claims for state unemployment benefits fell by 2,000 to a seasonally adjusted 215,000 in the week ended July 4, the Labor Department said on Thursday.
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest its all-time high? Broadcom expands
Salesforce Inc. (CRM) shares fell 2.5% on Thursday after KeyBanc downgraded the software company, citing concerns that its Agentforce artificial intelligence platform may take longer than expected to become a meaningful growth driver. The downgrade came despite Salesforce’s strong position in enterprise software and follows the company’s better-than-expected fiscal first-quarter results reported in late May.
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.
Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company’s debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players. According to The Wall Street Journal,
The S&P 500 Index and the VOO ETF have largely stagnated over the past two months as some of their biggest constituents, including Nvidia and Meta Platforms, have pulled back. The index was trading at 7,537, up 20% from its lowest level this year, and several key technical and fundamental factors suggest it has further
The UK’s FTSE 100 index edged higher on Tuesday as gains in energy stocks, led by Shell, offset weakness in precious metals miners. Rising oil prices and strength in consumer-focused shares also supported the benchmark index, while the midcap FTSE 250 traded lower. Energy stocks lead market gains The blue-chip FTSE 100 index rose 0.2%
Rivian stock is doing well this month and beating its top rivals like Lucid and Tesla, helped by its strong vehicle delivery numbers. RIVN soared to $20.15 on Monday, its highest level since January 8. This rally may continue ahead of its earnings, which are coming out on July 30th. Rivian stock may have more