Stock Market and Financial News

Stocks rose on Thursday as investors looked to recover from previous session declines. Economic data and post earnings moves from Nvidia and Salesforce influenced market sentiment. Berkshire Hathaway's Class A shares crossed the $700,000 threshold. Affirm's CEO reported a 'killer quarter' and shares popped nearly 25% before the market's open. Economic growth was revised higher for the second quarter. Bank of America analyzed the potential impact of the U.S. presidential election on large-cap internet stocks.

Weekly Unemployment Claims in the U.S.

The number of Americans filing for unemployment benefits fell more than expected last week, indicating layoffs are not surging. Stocks reacted positively to the news, despite recent pressure. Continuing claims rose slightly. This is the largest number of people on unemployment since November 2021.

Stock Market Rebound and Economic Outlook

Stocks climbed higher on Wednesday, rebounding from a three-day losing streak. Tech companies like Nvidia, Meta Platforms, and Advanced Micro Devices saw gains, while Super Micro Computer and Airbnb experienced losses. U.S. economy still on pace for a soft landing despite market volatility.

Financial Markets Rebound After Sell-Off

The S&P 500 rebounded after a recent sell-off, with the Dow Jones and Nasdaq also showing mixed movements. Technology stocks like Nvidia and Meta rebounded, while Apple continued to decline. Japanese stocks saw a significant rebound after a sharp drop the previous day. The market sell-off was partly due to concerns over the economy and an unwind in the yen carry trade.

Global Stock Markets Rebound

Japan stocks rebounded sharply after a significant drop, led by the Nikkei 225 and Topix gaining 9%. Bank of Japan rate hike and fears of U.S. recession impacted markets globally. South Korea markets also saw recovery. Oil prices rose. Japan's household spending fell but real wages grew. Reserve Bank of Australia kept cash rate steady, upgraded GDP growth forecast.

Impact of Gene Sperling leaving the White House on the economy and presidential campaign

Biden-Harris senior economic adviser Gene Sperling left the White House to join Harris's presidential campaign team. Stocks plunged, and recession fears rose. Job growth was below forecast. Major stock indexes fell sharply on Monday. Harris praised 'Bidenomics' in August 2023.

Global Stock Market Performance

Japan stocks confirmed a bear market with Nikkei 225 and Topix dropping over 12% as global markets face sell-off, following poor economic data and fears of recession.

Stock Market Reaction to Weaker-than-Expected Jobs Report

Stocks slid as a weaker-than-expected jobs report raised recession worries. Companies like Amazon, Intel, and Apple saw declines. Traders are now speculating on potential rate cuts by the Federal Reserve.

World stocks hit all-time high after ECB rate cut

World stocks hit an all-time high and the euro rose after the European Central Bank cut interest rates for the first time in nearly five years, but also signaled that further moves could take a while.

Stock Market Performance and Economic News

Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.

Stock Market and Financial News

The S&P 500 stabilized after hitting a record high. Nvidia's shares surged, leading to a $2 trillion valuation. The Dow also reached a fresh record. Wall Street had a strong session. Block and Carvana shares soared. Rivian and Warner Bros. Discovery faced challenges. Interest rate cut expectations shifted. Standard Chartered announced a share repurchase program. China's commercial housing sales prices saw declines narrow. The Korean won eased against the U.S. dollar.