Stocks notched one of their biggest gains since February overnight, as the Federal Reserve kept rates unchanged, though signaled that it that potential cut in September was on the table.
Stocks headed lower led by tech amid cautious trading as the Fed kicked off its two-day meeting and investors awaited further earnings from big tech.
Equities closed slightly higher as investors kept their powder dry ahead of tech earnings and the Federal Reserve meeting due this week
Equities closed the week higher as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates.
Equities attempted a rebound early in the session but failed to hold those gains as Google led the Mag7 lower
Equities attempted a rebound early in the session but failed to hold those gains as Google led the Mag7 lower
Equities suffered their biggest one day loss since 2022 as tech stocks nosedived following underwhelming second-quarter earnings from heavyweights Alphabet and Tesla.
Equities clawed back early losses as Tesla rallied 15% on tentative approval of Robo-Taxis in China and an upgrade for Apple, as quarterly earnings season continues to roll on just a day ahead of the latest Federal Reserve meeting.
Google saved the day in afterhours trade, rallying 13% as equities closed lower, but well off session lows
Equities rallied on tech strength, notching a second-straight daily gain underpinned by mostly better-than-expected quarterly earnings just ahead of the start of earnings from the Magnificent 7, with Tesla rocketing 8% higher in after hours trade
Despite Goldman Sachs’ earnings miss, equities rose for an eighth session. Netflix and Tesla beat expectations, but faced mixed market reactions, while Kinder Morgan underperformed.
Major corporations’ strong quarterly results boosted equities, led by Bank of America, Morgan Stanley, Charles Schwab, and Microsoft, amidst AI optimism and retail sales data.
