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War And Warsh Sway Markets

CANBERA (dpa-AFX) - Uncertainty surrounding the U.S.-Iran peace talks as well as anxiety ahead of Federal Reserve Chair Kevin Warsh's comments at the European Central Bank Forum on Central Banking impacted market sentiment on Wednesday morning. The keenly anticipated jobs data due from the U.S. on…

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Wells Fargo Issues Bold Call on S&P 500

Artificial intelligence infrastructure is expected to remain the biggest driver of corporate profits in the second quarter, with Wells Fargo forecasting 22% year-over-year earnings growth for the S&P 500.The bank expects S&P 500 earnings per share to accelerate from 19% growth in the first quarter…

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S&P 500, Nasdaq End Higher As Chipmakers Rally, While Dow Posts Best First Half In Five Years — LUNR, AMZN, PLTR, XYZ, AVAV In Focus

U.S. stock indices ended higher on Tuesday, tracking gains in chipmaker stocks, while the Dow Jones ended its best first half in five years.The S&P 500 rose 0.8%, the Nasdaq 100 gained 1.7% and the Dow Jones rose 0.3%. The Russell 2000, which tracks stocks with small market capitalizations, rose 0…

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Equity Funding Costs Surge to 200 Basis Points as Quarter-End Nears

US equity financing costs have climbed sharply into quarter-end, creating a possible pressure point for investors even as repo markets show only modest stress. The July contract tied to the S&P 500 (SPY) total-return index touched 200 basis points on June 26, far above its 62-basis-point average in…

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Wells Fargo Issues Bold S&P 500 Call as AI Boom Powers Earnings

Artificial intelligence infrastructure is expected to remain the biggest driver of corporate profits in the second quarter, with Wells Fargo forecasting 22% year-over-year earnings growth for the S&P 500.The bank expects S&P 500 earnings per share to accelerate from 19% growth in the first quarter…

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U.S. Stocks Moving Mostly Higher, Extending Yesterday's Rally

WASHINGTON (dpa-AFX) - Stocks have moved mostly higher over the course of the trading day on Tuesday, extending the strong upward move seen in the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the charge.Currently, the major averages are just…

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European Shares Seen Tad Higher With US-Iran Talks In Focus

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening higher on Tuesday following Wall Street's overnight rally.That said, a cautious undertone may prevail as investors await the outcome of the next round of U.S.-Iran negotiations set to take place in Doha today, after recent exchan…

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S&P 500, Nasdaq End Higher To Record Best Quarter Since 2020, While Alphabet Debut Drives Dow — VZ, CMCSA, RKLB, SMCI, BATL, GOOGL In Focus

U.S. stock indices ended higher on Monday with the S&P 500 and Nasdaq recording their best quarter since 2020 amid a rebound in tech stocks, while the Dow hit record highs after Alphabet made its debut in the index.The S&P 500 rose 1.2%, the Nasdaq 100 gained 2.3% and the Dow Jones rose 0.6%. The R…

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Dow Reaches Record Closing High As Tech Stocks Rebound Strongly

WASHINGTON (dpa-AFX) - After moving seeing significant volatility early in the session, stocks moved sharply higher over the course of the trading day on Monday. The major averages all moved to the upside, with the Dow reaching a new record closing high above 52,000.The Dow gave back some ground la…

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Pinterest (PINS) Stock Trades Up, Here Is Why

What Happened? Shares of social commerce platform Pinterest NYSE:PINSjumped 4.4% in the afternoon session after signs of renewed diplomatic talks between the U.S. and Iran boosted investor sentiment. The broader market saw a significant uplift, as the S&P 500 attempted to break a five-day losing st…

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