US500

Microsoft market cap jostles with Apple for top stock crown

In a brief but significant development on Thursday, tech giant Microsoft claimed the title of the world's most valuable listed company, surpassing iPhone maker Apple and signaling the evolving dynamics in the technology sector, largely driven by the buzz over artificial intelligence (AI).

Bank of America share price slumps as Q4 earnings halve

Bank of America stock, trading under the ticker BAC on the NYSE, declined by over 1% last Friday following a significant drop in quarterly profit compared to the previous year and revenue that fell short of estimates.

UBS boosts S&P 500 forecast for 2024, tops big banks

In a notable update, a team of strategists at UBS Global Research led by Jonathan Golub have revised their year-end stock outlook for the benchmark S&P 500 index.

Tesla earnings in focus, "growing pains" could impact stock

Electric vehicle and clean energy firm Tesla is poised to provide investors with insights into its future plans next week, and one analyst believes that Wall Street should prepare for "growing pains”.

MS analyst cuts Tesla stock forecast on oversupply concerns

Electric vehicle (EV) sales are reaching unprecedented levels both in the U.S. and globally, yet the surge in demand is only one side of the economic equation.

Profit warning sinks 3M shares for biggest loss since 2019

3M shares tanked on Tuesday after the release of the company's 2024 profit outlook that fell well below forecasts.

Netflix share price surges after 13m new subscribers added

Netflix shares surged in late trading on Tuesday after the company reported fourth-quarter results that exceeded revenue expectations and showcased significant subscriber growth.

Deutsche Bank downgrades Netflix shares despite stellar Q4

Despite Netflix recently posting impressive earnings, Deutsche Bank has opted to downgrade its rating on NFLX shares from buy to hold, while simultaneously raising the price target from $460 to $525.

Tesla shares tank by over 12% on “trainwreck” earnings

Tesla faced a tough earnings day as the electric vehicle (EV) maker cautioned investors about a potential slowdown in growth for 2024 — and Wall Street couldn’t hide its disappointment.

Top 3 S&P 500 headlines this week: TSLA, NFLX, and BA

Netflix’s share price surged this week after the company reported fourth-quarter results that exceeded revenue expectations and showcased record subscriber growth.

Alphabet shares slide on digital ad revenue miss

Alphabet Inc., the parent company of Google, saw its stock decline sharply in late Tuesday trading, as the resurgence in digital advertising revenue did not meet analysts’ high expectations.

Wedbush says Alphabet earnings may bode well for AMZN, META

Alphabet’s fourth-quarter earnings could spell good news for Amazon and Meta Platforms, which are set to announce their own quarterly results later today, according to Wedbush analyst Dan Ives.

Better-than-expected earnings report boosts Boeing shares

Boeing shares closed up 5.3% on Wednesday as the aerospace giant reported better-than-expected fourth-quarter earnings.

Top 3 S&P 500 index headlines this week: GOOGL, META, AMZN

Big Tech is in focus this week, as Google, Amazon, and Meta Platforms all held earnings calls — with highly divergent results.

Deutsche Bank backtracks on U.S. recession forecast

An increasing number of analysts are predicting the U.S. will see its first interest rate cut this summer, and stock markets are adjusting to this evolving perspective.

S&P 500 close to 5,000 as Arm earnings boost AI optimism

Early Thursday saw U.S. stock index futures showing minimal change, pointing to the S&P 500 opening just shy of its looming 5,000 milestone.

Dow Jones index drops over 500 points after inflation report

On Tuesday, Wall Street's major indices saw large declines following a consumer inflation report that exceeded expectations, dampening hopes for near-term interest rate reductions and propelling U.S. Treasury yields upward.

Goldman lifts S&P 500 forecast to 5,200 in bet on Big Tech

In anticipation of the much-awaited Nvidia earnings report this week, Goldman Sachs has upgraded its end-of-year forecast for the S&P 500 index to 5,200, largely contingent on the continued profitability of major technology companies.

Amazon to join benchmark Dow Jones Industrial Average index

Amazon.com Inc. is poised to become a member of the Dow Jones Industrial Average (DJIA) in a week, an inclusion aimed at showcasing the dynamic nature of the U.S. economy, according to a statement from S&P Dow Jones Indices on Tuesday evening.

Microsoft shares dip as WSJ reports SEC probe of Sam Altman

The U.S. Securities and Exchange Commission (SEC) is conducting an inquiry to determine if Sam Altman, the CEO of OpenAI, provided misleading information to the company's select group of affluent backers, according to an exclusive report by The Wall Street Journal (WSJ) released earlier today.

Deckers, Super Micro Computer added to S&P 500 index

S&P Dow Jones Indices, the entity responsible for the oversight of the benchmark S&P 500 index, announced the inclusion of two dynamic companies into the index, set to give more weight to the technology and consumer discretionary sectors while diminishing the industrial and financial segments.

GE Vernova, Solventum slated to join S&P 500 index next week

Newly established GE Vernova and Solventum Corp., both on the brink of being spun off from their parent companies, are making significant strides early on.

Deutsche Bank lifts S&P 500 forecast to Street-high 5,500

Deutsche Bank has raised its year-end S&P 500 forecast to 5,500, the highest estimate among major brokerages, citing strong corporate earnings as a key driver for supporting high equity valuations.

UBS leapfrogs UBS with new year-end S&P 500 forecast

UBS Global Research has raised its year-end S&P 500 forecast, following a division of its own bank that had bumped up its own forecast just last week.

Nvidia market cap overtakes Apple, now at $3 trillion

Tesla shares higher as shareholders back $56bn Musk pay deal

Tesla shareholders approved CEO Elon Musk's $56 billion pay package late Thursday — and Tesla shares took note, gaining close to 3% on the day.