Hedge funds are exiting their short positions at a rapid pace, signaling a potential market resurgence and a rebalancing of US dollar longs.
S&P 500 Index News & Breaking Stories
Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.
Markets rally for a second day, with weekly totals up on the Dow and Nasdaq. Apple's earnings disappoint.
Meta (META) beats earnings expectations in Q3, with advertising revenue of $33.64 billion and a 31% increase in ad impressions. Shares rise 4% in after-hours trading.
The tech sector has made a remarkable comeback in 2023, driven by the AI industry surge and the performance of top tech companies like Nvidia, Meta Platforms, and Alphabet. Despite adverse external factors, the US stock market has shown resilience, indicating a promising signal for the Q4 stock market rally. Google's stock has reached a new 52-week high and faces resistance at $143.65.
Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.
Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.
Tesla, CVS Health, and Qualcomm were the top performers on the S&P 500, while Rtx Corp, JM Smucker Company, and Newell Brands were the worst performers. Rising stocks outnumbered declining ones on the NYSE and Nasdaq. Shares in Rtx Corp, JM Smucker Company, Walgreens Boots Alliance, Intel Corporation, Tenon Medical, Crinetics Pharmaceuticals, and Solowin Holdings either reached 52-week lows or all-time lows. The CBOE Volatility Index was down, while gold futures and crude oil prices fluctuated.
Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.
Rivian Stock Plunges Amidst Strong Quarter, Heightened Wall Street Ambivalence Towards EV Manufacturer
Rivian's stock drops despite better-than-expected quarterly results, analysts cautious about the company's future and stock direction.
Amazon's shares surged nearly 8% after the company reported a net profit of $6.7 billion in Q2, compared to a loss of $2 billion last year. The company's revenue increased 11% to $134.4 billion.
US stocks slumped as Fitch Ratings downgraded the credit rating of the US government, causing European equities to tumble as well.
AMD shares surge after Q2 results beat Wall Street estimates. Data-center revenue and PC sales slightly below expectations.
"Breaking: Global Stocks Surge as Federal Reserve Boosts Interest Rates – Discover the Impact on Your Investments!"
ECB expected to raise rates as Fed raises interest rates.
Facebook's parent company Meta sees strong earnings, stock up 7%.
Wall Street sees gains, but mixed results from Netflix and Tesla.
Shares of Carvana surge as online used car seller beats expectations.
Wall Street's winning week continues as inflation eases on economy.
U.S. stocks rise as inflation eases, tech sector leads gains.
June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.
Inflation drops to lowest level in over two years, benefiting economy and stock market.
Bitcoin shows signs of optimism despite SEC lawsuits and stagnant price.
What news can we find under S&P 500 Index News Section?
The Buzz Around the S&P 500 Index
Ever wondered what makes the financial world tick? Let's dip our toes into the intriguing landscape of economic indices, primarily focusing on a star player - S&P 500 Index.
"What even is that?", you might ask. Well, it's one of the most important barometers for gauging the health and trends of large-cap U.S. equities.
When tuning into news under this topic, one can expect to be greeted by data about a range of interesting subjects. First off, there will be updates on its overall performance or "score." These numerical markers convey how well (or poorly) companies listed within this index are faring.
You know when your sport team scores a point and changes its ranking? The market functions similarly; impressive company performance gives rise to an increase in stock prices thus increasing their score too!
In addition to performance markers, we often stumble upon pieces relating to additions or deletions from this list – much like musical chairs! Companies must meet specific criteria in terms of size, liquidity and industry representation for them swaying around in this powerful dance music.
Besides these observable activities happening directly within S&P 500’s realm, external factors can also impact it significantly: Hot talk button topics ranging from political decisions affecting nuclear energy industries to rising coffee bean prices impacting Starbucks’ shares could all make comebacks while scrolling through news items tagged under ‘S&P 500.’
To wrap up...
All sounds quite energetic and lively right? Just remember dear reader that following developments related stately standing giants like S&P doesn’t merely serve as trivia fodder - clinging closely onto every update may greatly inform your understanding about global economy’s pulse which makes being financially savvy truly within reach!