Andre Janse van Vuuren and Julien PonthusThe New York Stock Exchange in New York, US, on Friday, June 28, 2024. --
Europe’s Stoxx 600 index advanced 0.5 per cent after the euro-area economy expanded more than expected in the second quarter, easing fears about the pace of an economic recovery. An index tracking the so-called Magnificent Seven technology stocks lost almost nine per cent in the two weeks through July 26 after investors turned skeptical about the scope for returns from investment in artificial intelligence. The gauge rebounded by one per cent on Monday.
U.S. policymakers are widely expected to keep rates unchanged at a two-decade high. Still, investors expect that officials will signal a move in September as risks grow of imperiling a solid but moderating job market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets today: Stocks rally ahead of big week for rates, earningsU.S. stock futures strengthened on the back of equity gains in Europe and Asia, signaling rising optimism ahead of major central bank decisions and big tech earnings due this week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market news today: Stocks wobble to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Markets today: Stocks extend losses as worries go beyond AI frothA wave of earnings misses and worries about U.S. economic growth are driving losses across global markets, adding extra fuel to a selloff that was first sparked by traders pulling out of megacap tech.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks slide on concern AI still a ‘show me’ storyStocks got hammered after a disappointing start of the megacap earnings season fuelled speculation the artificial-intelligence frenzy that has powered the bull market still needs to pay off.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks slump as Tesla and LVMH earnings disappointStocks slumped on lackluster results from Tesla Inc., LVMH and Deutsche Bank AG, fueling concern about the health of global business as the reporting season kicks into overdrive. Nasdaq 100 index futures sank more than one per cent.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks tick higher as focus swings to tech resultsStocks edged higher as investor attention moved from U.S. politics to a wave of company earnings, with tech heavyweights Tesla Inc. and Alphabet Inc. due to report later Tuesday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »