Societe Generale's US equity strategy head, Manish Kabra, is optimistic about the US stock market due to potential rate cuts, changes in Fed leadership, and expanding profit margins.
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Today’s financial news highlights AI infrastructure growth, mixed industrial sector performance, and geopolitical tensions, with Broadcom’s AI chip revenue surge …
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Ostium has paused trading due to a reported oracle exploit, with estimated losses between $18 million and $22 million, advising users to revoke contract approvals.
Singapore's SGX has partnered with Nasdaq to facilitate dual listings, streamlining the process for companies to list on both exchanges by reducing paperwork requirements.
Chinese households are increasing their stock purchases, indicating a potential rebound in investor confidence.
JPMorgan suggests that upcoming events like the US-China summit, earnings reports, and Federal Reserve actions could positively influence the stock market.
The market has recovered from an early dip, with 75% of S&P 500 stocks trading higher, driven by positive economic data.
US data showing weakness in the economy has eased rate hike fears, leading to a rise in most stocks, particularly in the tech sector, as investors reassess their expectations.
Market indexes have declined despite most stocks trading higher, primarily due to the poor performance of Alphabet and Amazon, with the week's key event being Wednesday's inflation report.
Microsoft stock has hit a six-month low ahead of its earnings release on January 28, with the stock currently below its 50- and 200-day moving averages, sparking questions about whether it's a buy opportunity.
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