Hints and tips:
...SoundHound AI, a Silicon Valley-based artificial intelligence group, rose 69 per cent after the same Nvidia filing highlighted a holding in it....
...US stocks retreated from their recent record highs on Monday as government bond yields rose....
...Nicholas MegawSo there are a couple of things going on....
...The yield on the benchmark 10-year Treasury rose 0.04 per cent to 4.30 per cent, while the two-year yield advanced 0.05 percentage points to 4.74 per cent. Higher yields reflect lower prices....
...Revenue rose 24 per cent year on year to $471mn, compared with a consensus forecast of about $457mn....
...However, as pandemic restrictions lifted and interest rates rose, tech stocks slid — prompting Reddit to pause its IPO plans after filing confidentially to float at the end of 2021....
...Nvidia shares rose 4 per cent on Friday, giving it a valuation of about $2.05tn. Its share price has now climbed 66 per cent since the start of 2024, or about $830bn in dollar terms....
...Net income rose 770 per cent to $12.3bn compared with the same period in the previous year. The figure exceeded analysts’ expectations of $10.4bn....
...Facebook’s parent company rose 1.9 per cent to $383.45, topping a former record set in September 2021. Microsoft rose 1.2 per cent on Friday....
...The Nasdaq Composite rose 1.6 per cent. The yield on the two-year Treasury note, which is particularly sensitive to interest rate expectations, added 0.06 percentage points to 4.42 per cent....
...The basket of blue-chip US stocks rose as high as 5,000.4 on Thursday, seconds before closing the session up 0.1 per cent at a record 4.997.91....
...The basket of blue-chip US stocks rose as high as 5,000.4 on Thursday, seconds before closing the session 0.1 per cent higher at a record 4.997.91....
...The core personal consumption expenditure index rose 2.9 per cent year on year, down from a 3.2 per cent pace in November and lower than consensus forecasts....
...The S&P 500 rose as much as 0.6 per cent in early trading, but gave up most of the gains and was up just 0.1 per cent by mid-afternoon....
...The S&P 500 index rose 1.2 per cent to close at 4,839.81, overtaking a previous record set on January 3 2022. Its intraday value also reached a fresh high of 4,842.07 during the trading session....
...The index rose as high as 4,842.07 on Friday. The S&P 500 had been within touching distance of the records for a month, after a strong rally at the end of 2023. Read more here...
...The yield rose again on Monday to 4.48 per cent, its highest level in a month. More swings like that may be in store if the market is forced to adjust to the Fed’s view....
...The Nasdaq Composite rose 0.4 per cent....
...But recent data has provided a reminder that inflationary pressures remain — prices rose faster than expectations in December....
...The S&P 500 rose 0.4 per cent on Wednesday, bringing its gains for the month to almost 9 per cent. The Nasdaq Composite rose 0.5 per cent....
...The 10-year yield also rose 0.02 percentage points to 4.4 per cent, according to Bloomberg data. Yields rise when prices fall....
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