KGWV · U.S. MARKET INTELLIGENCE
The 20th Sullivan GIL Summit, an annual AI industry event, is scheduled to open Aug. 4-5, with the start time to be determined. Before European markets open, BP is scheduled to release its earnings report. Caterpillar and other companies are expected to report…
U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to expand a tool that Japan can use to support the yen, drawing renewed attention to the relationship between the two institutions, which typically operate independently. After the U.S. Treasury a…
The S&P 500 opened 15.06 points higher, up 0.20%, at 7,504.78. The Dow Jones Industrial Average opened 274.03 points higher, up 0.52%, at 52,759.06. The Nasdaq Composite opened 78.81 points higher, up 0.31%, at 25,452.66.
Citadel Securities said the factors that have driven U.S. stocks to record highs this year remain intact even as speculative trading by retail investors cools. “The market is transitioning from an environment dominated by fund flows back to one driven by earni…
The U.S. technology stocks Magnificent 7 Index rose 3% on Monday, Aug. 3, to 224.17 points. It has rebounded a cumulative 8.06% over the past three trading days. The index of “mega-cap” stocks rose 3.20% to 440.38 points and has also rebounded 8.81% over the p…
Amazon shares fell 1.9% in after-hours trading, and a filing showed Jeff Bezos reduced his holdings.
The final reading for the U.S. S&P Global Manufacturing Purchasing Managers’ Index was 53.9 in July, compared with an initial estimate of 53.8.
Apple has filed a new legal challenge against a U.K. government plan that would require the company to create a backdoor for access to encrypted user data, the Financial Times reported, citing court documents. Apple filed a case with the Investigatory Powers T…
The Nasdaq Golden Dragon China Index rose 0.75% to 6,647.91. Among exchange-traded funds, the KraneShares CSI China Internet ETF (KWEB) gained 0.88%, while the KraneShares CSI China Technology ETF (CQQQ) fell 0.22%. The MSCI Emerging Markets ex China ETF (EMXC…
Most U.S. sector ETFs closed higher Monday, Aug. 3. The global airline industry ETF rose 4.44%, while the internet stock index ETF gained 2.93%. The consumer discretionary, technology sector and global technology stock index ETFs each rose at least 1.36%. The…