U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks.as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while thereported the iPhone maker's plans to overhaul its Mac products with new artificial intelligence focused chips. Apple had its best day since May 2023.
Going forward, the artificial intelligence tailwind will be key in determining which stocks lead the current bull run, said Thomas Martin, senior portfolio manager at Globalt Investments. "Today's divergence between the Nasdaq and the Dow is pretty telling … it is still a bifurcated market with things being driven by AI." he told CNBC."That's what you're looking for going forward, that's what you have to have to be sustainable."Thursday's tech-centric rally curtailed the S&P 500's weekly losses, as it's now down 0.1% for the period. The Nasdaq is on pace to close the week 1.2% higher.
The first-quarter earnings season kicks off in earnest Friday, with a slew of major U.S. financial institutions set to report earnings before the bell. These include"We uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times," the research firm wrote. It also noted that the organization's structure is a multi-level-marketing strategy that borders on a pyramid scheme.
In the same report, Fuzzy Panda Research also disclosed that it had taken a short position in the life insurance stock.The bitcoin halving is different from others. Here’s what you need to knowPhiladelphia
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