The S&P 500 and Nasdaq indexes rose on Wednesday, helped by a slightly lower-than-expected increase in April inflation and Alphabet Inc's latest artificial intelligence rollout.
Tech stocks were rising late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 1.4% and the Philadelphia Semiconductor index climbing 1.1%.
Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the Energy Select Sector SPDR Fund (XLE) down 1%.
The Nasdaq led gains among Wall Street's main indexes on Wednesday as a slightly lower-than-expected increase in April inflation raised hopes that the Federal Reserve's interest rate hiking cycle is close to an end.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadridge Financial Solutions (Symbol: BR), where a total of 5,030 contracts have traded so far, representing approximately 503,000 underlying shares. That amounts to a
Tech stocks rose Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the Philadelphia Semiconductor index gaining 0.4%, both paring earlier gains.
Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the Energy Select Sector SPDR Fund (XLE) down 1.5%.
Alphabet Inc's Google on Wednesday began unveiling more artificial intelligence in its products to answer the latest competition from Microsoft Corp, which has threatened its perch atop the nearly $300 billion search advertising market.
Microsoft Corp will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella.
Despite being the world's second-largest company with a whopping $2.3 trillion valuation, Microsoft (NASDAQ: MSFT) has found itself at the center of the start-up universe in 2023 thanks to its focus on artificial intelligence (AI).
The Nasdaq led gains among Wall Street's main indexes on Wednesday as a slightly lower-than-expected increase in inflation last month indicated that the Federal Reserve's rapid interest rate hikes were yielding result.
Microsoft Corp will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella.
OpenAI CEO Sam Altman will testify before a Senate panel next week as the U.S. Congress grapples with how best to regulate artificial intelligence as the technology becomes more powerful and widespread.
The following are the top rated Information Technology stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance
Advanced Micro Devices (NASDAQ: AMD) stock took a hit post-earnings, but rumors of a partnership with Microsoft (NASDAQ: MSFT) have sparked a rally. Are these just rumors, or is there some truth behind them? Check out the short video to learn what semiconductor investors Jose Naj
Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth.
The Nasdaq led gains among Wall Street's main indexes on Wednesday, as a slightly lower-than-expected increase on inflation last month indicated that the Federal Reserve's rapid interest rate hikes were yielding result.
EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said.
Wall Street's main indexes were set to open higher on Wednesday as U.S. consumer prices rose at a slightly slower-than-expected pace last month in a sign that the Federal Reserve's rapid interest rate hikes were yielding result.