Wall St Week Ahead: Investors count on earning to calm $900 billion US tech rout (20-07-2024)
Second-quarter earnings from Tesla, Alphabet, Microsoft, and Apple might reverse a nearly 6% tech sector loss, $900 billion shed. The S&P 500, down 1.6%, was cushioned by financials. September rate cut expectations, Trump's re-election, and an assassination attempt diverted funds. Philadelphia SE index and Nvidia gains were notably impacted.
Japan’s Nikkei tracks Wall Street lower; chip gains cap losses (20-07-2024)
Japan's Nikkei fell 0.16% to 40,063.79, dipping below the 40,000 psychological mark. Topix dropped 0.27% to 2,860.83. Semiconductor stocks rebounded post-TSMC earnings, with Tokyo Electron and Advantest rising. Renesas Electronics increased 3.6%. U.S. stock declines affected sentiment. Disco fell 4.6%. Namioka anticipates a rebound. Thursday saw a 2% decline, with 159 constituents dropping, and strong revenue is expected.
Gold eases from record highs on firmer dollar (20-07-2024)
Gold prices drop by more than 1% due to a stronger dollar and profit-taking after recent highs. Market uncertainty persists over potential U.S. interest rate cuts. Silver, platinum, and palladium also experience weekly declines amid economic fluctuations.
Dollar climbs for the week, cyber outage unsettles investors (20-07-2024)
CrowdStrike's cyber outage impacted banks and airlines, raising the dollar index amid volatility. US economic data, Fed rate cut speculations, and Europe’s steady rates influenced currencies. Yen fluctuated due to BoJ interventions, UK retail sales drop, and Japanese inflation. Bitcoin and Ethereum gained. CME's FedWatch Tool aided market predictions. Analyst Michael Brown commented.
US stocks end volatile session lower in aftermath of global tech outage (20-07-2024)
A Crowdstrike software glitch caused U.S. stock declines Friday. Dow Jones, Nasdaq, S&P 500 dropped amid high volatility. Nvidia, Philadelphia SE Semiconductor Index fell. Fed targets 2% inflation. Russell 2000 declined. Strong second-quarter earnings; Tesla, Alphabet next week. Eli Lilly, Intuitive Surgical, SLB rose. Travelers, Netflix fell. Negative weekly performance. Volume down, investor anxiety up.
Sebi Cracks Whip At Finfluencers (20-07-2024)
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
European stocks slip, global IT outage causes chaos (20-07-2024)
European shares declined due to global uncertainty, including Sino-U.S. tensions, Japanese forex intervention, tech sell-off, and U.S. airlines' communication issues. Asian markets, dollar, oil, gold prices, ECB decision, Chinese data, real estate index, British retail sales, Tokyo intervention, and strong U.S. data affected sentiment. Experts Matt Simpson and Vishnu Varathan provided analysis.