Tech giant Apple briefly became the world’s most valuable company following a stock surge on Wednesday. Apple’s market cap reached $3.33 trillion, surpassing Microsoft’s $3.26 trillion market capitalization. However, by the time the trading closed, Microsoft emerged on top once.
Apple's shares have been rising in recent days amid the...
The U.S. stock market had a record session on Wednesday, with S&P 500, Nasdaq, and Dow Jones closing at all-time highs. The big day was prompted by a promising customer price index report, which showed signs of cooling inflation and was perceived by investors as an indicator of incoming...
Rental platform Airbnb reported its quarterly earnings after the bell on Wednesday, which topped the estimations of analysts. Still, the company offered a weaker-than-expected forecast for the second quarter, which sent its stock down almost 8% in after-hours trading.
Thanks to a “robust demand for travel,” Airbnb posted $2.14 billion...
Futures on the Dow Jones Industrial Average rose 0.6%, ending a streak of six consecutive sessions of losses, while those on the S&P 500 and Nasdaq Composite remained relatively unchanged. This comes as investors digest the latest earnings of banks such as Bank of America as well as renewed...
The Consumer Price Index (CPI) for March is set to be released on Wednesday, followed by Thursday's Producer Price Index. The CPI is expected to shape the Federal Reserve's monetary policy, including when it will begin to implement interest rate cuts.
According to Wall Street estimates, March's CPI...
Futures listed on the New York Stock Exchange rose higher on Tuesday after equities paused during the previous session following a stock rally last week. Futures listed on the S&P 500 rose 0.2%, while those on the tech-heavy Nasdaq 100 gained 0.3%. Contracts listed on the Dow Jones Industrial...
Investors are awaiting the release of the Consumer Price Index report for February set to be released on Tuesday as they look for more clues on the trajectory of the Federal Reserve's interest rate policy. This comes ahead of the central bank's next policy decision in March.
February's CPI is...
U.S. equity futures fell on Tuesday, thus retreating from record highs as investors expressed doubts over the longevity of the tech rally as well as the timing of the introduction of interest rate cuts by the Federal Reserve. Futures on the S&P 500 fell 0.3%, while those on the...
U.S. and European equities were largely muted on Monday as investors geared up to face a busy week of economic data, among which is the Federal Reserve's preferred inflation measure. Futures listed on the S&P 500 and Nasdaq 100 were largely unchanged, while those on the Dow Jones Industrial...
The U.S. dollar remained stable on Monday morning, thereby maintaining its gains from a fifth consecutive week of rises. The dollar index was unchanged at 104.18, having risen 0.18% the previous week. The euro rose slightly against the greenback to $1.0783 while the British pound was up 0.17% at...