News / Uncategorized
[Platinum Insights] (5.3.23)
[Platinum Insights] (5.3.23)
August 22, 2023
Good morning.
US stock futures were little changed this morning as market participants cautiously awaited the Federal Reserve’s interest rate decision.
Does the Fed signal that it’s done hiking, or will it leave open the option of tightening even more if it judges that more needs to be done to fight inflation? We will find out later this afternoon.
Data from the JOLTS showed that job openings in the United States fell to a near two-year low in March. At the same time, fresh PMI data showed that inflation picked up during April, underscoring the stubbornness of price growth to higher borrowing costs. Investors will also look ahead to the latest ADP jobs and services PMI data on today, as well as more corporate earnings reports.
In earnings news, Ford Motor beat analysts’ expectations on the top and bottom lines in its latest quarter, as did coffee chain Starbucks. However, both stocks declined in the premarket. Shares of Eli Lilly rose more than 3% after the pharmaceutical company released clinical trial data showing its donanemab drug slowed the progression of Alzheimer’s disease.
WTI crude futures fell over 2% to under $70 per barrel. Gold prices held around $2,015 an ounce while the yield on the US 10-year Treasury note fell back to under the 3.45% level.
In regular trading on Tuesday, the Dow fell 1.08%, the S&P 500 dropped 1.16% and the Nasdaq Composite tumbled 1.08%, with ten out of 11 S&P sectors finishing lower.
Have a great day!
This information is for educational purposes and is not a recommendation to buy or sell a security.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Insights] (5.3.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Insights] (5.3.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024