Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year.
Wall Street ended sharply higher on Monday, powered by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market leading momentum stocks that were battered last year.
What happened
Shares of Micron Technology (NASDAQ: MU) were rallying today, up 5.2% as of 1:11 p.m. ET on Monday. The beaten-down maker of memory and storage chips didn't report any news of its own, but several positive industry developments today conspired to ignite a big move i
Wall Street surged on Monday, led higher by technology stocks as investors embarked on an earnings-heavy week with a renewed enthusiasm for market leading momentum stocks that were battered last year.
U.S. stock indexes rose on Monday, with the Nasdaq jumping nearly 2%, as gains in shares of chipmakers helped ease pressure on the battered technology sector at the start of another big week for corporate earnings.
In the Global Week Ahead, some of the biggest tech names in the U.S. report results.At the same time, the U.S. federal government will hit its debt limit.Surprising some across the Atlantic, Britain's FTSE100 share index flirts with a record high.In Asia, Japan, New Zeala
Global equity markets edged higher on Monday as hopes of a less aggressive Federal Reserve buoyed investor sentiment, while the euro hit a nine-month peak against the dollar on the rising likelihood of more jumbo interest rate hikes in Europe.
Thus far, earnings season has been a pleasant surprise on Wall Street. Earnings reactions have been strong, and stocks like United Airlines UAL provided impressive guidance moving forward. However, later this week, Wall Street awaits some of the biggest names on the stree
U.S. stock indexes rose on Monday as gains in shares of chipmakers helped ease pressure on the battered technology sector at the start of another big week for corporate earnings.
It's 2023, and the days of meme stock investing and "mooning" asset valuations should be behind us. It's safe to say that the last 12 months were not kind to technology stocks, and many on Wall Street believe that this year may be no different. While inflation is beginning to coo
There is no specific indicator or warning that tells investors when the direction of the market is about to change or has already changed. On Wall Street, “no one rings a bell” when the trend changes from a bull market to bear market and vice versa. For this reason, it is
Slower cloud spending by inflation-hit businesses is expected to stall the sales momentum at Amazon.com Inc and Microsoft Corp and add to the troubles of the sector that laid off thousands this month.
Microsoft Corp said on Monday it would invest more in OpenAI, staking its future on the startup and tech behind the chatbot sensation ChatGPT, as well as setting the stage for more competition with its rival Alphabet Inc's Google.
U.S. stock indexes were set to open higher at the start of another big week for corporate earnings, with Salesforce leading gains on Monday following news that Elliott Management had acquired a stake.
While some continue to vacillate on the correct strategy for 2023, others figure that this is enough of a dip to get back into growth (mainly tech) stocks that will be driving our future. That’s why the tech universe is seeing funds pouring in, with Netflix advancing 8.46
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