The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.
The rest of the stock market could finally catch up to the Magnificent Seven this year—and it has nothing to do with DeepSeek. The gap in earnings growth between the Magnificent Seven and the rest of the benchmark index should compress from roughly 8 percent to less than 5 percent by the end of 2025,
Stocks took a leg up after Trump said Thursday in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”
S&P 500 futures are near flat Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the broad index ticked higher by 0.1%, while Nasdaq 100 futures added 0.3%. Dow Jones Industrial Average futures added 53 points, or 0.1%.
Investors believe DeepSeek’s AI debut will not impact the Magnificent Seven companies, with 88% of respondents expecting minimal effects on the S&P 500. The survey highlights President Trump’s policies as a primary driver of market volatility this year,
So-called Big Tech stocks with outsized weightings in the S&P 500 were rising sharply Wednesday, with gains led by Nvidia Corp. The Roundhill Magnificent Seven ETF, whose portfolio equally weights seven Big Tech stocks — Nvidia,
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,
U.S. stock futures moved marginally higher on Thursday following the latest flurry of U.S. economic reports. Investors received the first reading on Q4 GDP. The data showed the U.S. economy expanded at a pace of 2.
IBM shares jumped 13% to lead S&P 500 gainers Thursday, a day after the company posted fourth-quarter results that topped analysts' estimates as its artificial intelligence (AI)-enabled business surged.
There was a lot more to think about in 2024 than the simple math of revenue and profit growth. Click here for more on GOOGL/GOOG stock.
The S&P 500 fell 1.5% on Monday, Jan. 27, as a Chinese startup's cost-efficient and high-performing AI model sent shockwaves through the U.S. tech sector.
The Chinese app has soared to the top of app store charts and claims to match ChatGPT’s performance in some tasks.