Stocks fell on Thursday as tech companies sold down following Nvidia’s (NVDA) latest earnings report, while investors assessed the economy in light of President Trump’s recent tariff vows. The S&P 500 (^GSPC) sank over 1.6%, while the tech-heavy Nasdaq Composite (^IXIC) plunged 2.8%. The Dow Jones Industrial Average (DJI) fell 0.4 percent. Investors focused on…
Visa (V) completed the most recent trading day at $350.63, down 0.41% from the previous session—the stock’s performance behind the S&P 500’s daily rise of 0.01%. Elsewhere, the Dow fell 0.43%, while the tech-heavy Nasdaq rose 0.26%. Today, shares of the worldwide payments processor have increased by 5.26% in the previous month. The Business Services…
Nvidia reported higher-than-expected revenue and profitability in the fourth quarter and reasonable expectations for the current quarter. The reported revenue for the fourth quarter ending January 26, 2025, was $39.3 billion, up 12% from the previous quarter and 78% from a year earlier. The chipmaker’s revenue growth over the last year was primarily driven…
In February, American consumers had a bleak perspective on the economy, as uncertainty about Trump’s trade strategy pushed inflation expectations considerably up for the second consecutive month. The most recent University of Michigan consumer sentiment poll, issued Friday, showed headline sentiment down nearly 10% from January to a rating of 64.7. Pessimism about the…
One year after California established a first-of-its-kind $20 minimum wage for fast-food workers, a hike of up to 70 cents is scheduled for a vote. California’s Fast Food Council, which includes fast-food employees, restaurant owners, and state officials, adopted a proposal Wednesday to discuss a cost-of-living increase at a future meeting. The Council’s next…
NIO Inc., the troubled Chinese EV manufacturer, is scheduled to disclose Q4 2024 profits on March 4, 2025. As the firm suffers from continuous financial issues despite significant delivery growth, investors anticipate a major update that might influence NIO’s destiny in an increasingly competitive EV market dominated by Tesla and BYD. Key Earnings Expectations…
US equities markets performed middling on Wednesday, February 26, as investors weighed US President Donald Trump’s new tariff threats. Trump announced 25% tariffs on EU imports and stated that fresh duties on Canada and Mexico would take effect in April rather than March 4. The Nasdaq Composite Index and the S&P 500 rose 0.26% and…
As investors kept an eye on a rush of corporate results reports coming out of the area, European markets saw more substantial trading on Wednesday. Most sectors and all major bourses were in positive territory as the pan-European Stoxx 600 index provisionally finished 0.99% higher. With the Dax rising 1.73%, German equities continued the surge…
After President Trump discussed his tariff intentions at a cabinet meeting Wednesday afternoon, and investors awaited Nvidia’s (NVDA) after-the-bell results, which beat on both the top and bottom lines, stocks ended another tumultuous trading session with uneven closing prices. To end the day up around 0.3%, the Nasdaq Composite (^IXIC) pared gains. Following steep declines,…
As investors digested Nvidia’s most recent earnings report, US futures linked to the main indexes showed slight rises Wednesday night. S&P 500 (ES=F) futures increased by 0.1%, Nasdaq 100 (NQ=F) futures increased by 0.1%, and Dow Jones (YM=F) futures fluctuated slightly below the baseline. Following the highly anticipated earnings announcement, Nvidia’s (NVDA) stock surged 4%…