KGWV · U.S. MARKET INTELLIGENCE
Barclays strategists continue to favor U.S. growth stocks and large-cap stocks, saying AI spending will support corporate earnings. The team led by Venu Krishna wrote that the U.S. economy is still growing despite market volatility, while artificial intelligen…
The U.S. military fired on Aug. 11 at a vessel flying the Panamanian flag and linked to Iran, The Wall Street Journal reported, citing a U.S. official. The official said the vessel was “trying to break through the U.S. blockade of Iranian ports.” A U.S. milita…
At the start of U.S. trading, most major industry ETFs rose. The semiconductor ETF gained more than 1%, while the utilities ETF and global airline ETF each rose nearly 1%.
Ming-Chi Kuo, a prominent analyst at TF International Securities, said Apple has indeed reduced some hardware shipment plans this year because of memory shortages. He said that does not mean the supply chain has been forced into a situation where products are…
Intel shares fell more than 5% in premarket trading. The company plans to issue $15 billion in common stock.
The Swiss National Bank’s foreign-exchange reserves held in U.S. stocks rose by more than 10% in the second quarter, reaching a record high. According to a 13F filing the central bank submitted to the U.S. Securities and Exchange Commission and that was releas…
Beyond Meat shares fell nearly 21% at one point in premarket trading on Aug. 11, according to Cailian Press. The company's board approved a 1-for-30 reverse stock split.
The South Korean won edged higher against the U.S. dollar on Tuesday, supported by SK Hynix’s dollar selling following its U.S. listing. As of 3:30 p.m. local time, the exchange rate was 1,415.9 won to the dollar, up 2.5 won from the previous session’s close a…
White House economic adviser Kevin Hassett said that if he were currently at the Federal Reserve, he would favor leaving interest rates unchanged or cutting them. Hassett said artificial intelligence could be the most important policy issue over the next two y…
Breadth: 153 up vs 147 down; median move +0.03%; mean absolute move 1.87%. Advancing names account for about 47% of observed dollar volume in the sample. Largest absolute moves: • SCKT: $1.29 (-39.44%), volume 3,992,945. • YMT: $0.21 (-28.33%), volume 1,023,68…