Stock Market Overview
Tue, May 7th, 2024
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Stocks See Support as Bond Yields Fall
Barchart - 53 minutes ago
The S&P 500 Index ($SPX) (SPY) this morning is up +0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.04%.Â
US stock indexes this morning are mixed, with the S&P 500 climbing to a 3-week high and the Dow Jones Industrials posting a 4-week high. A decline in the 10-year T-note yield today to a 3-1/2 week low is supporting stocks. Also, expectations that the Fed will start cutting interest rates this year are positive for stocks.Â
Corporate news today is mixed for stocks. On the positive side, International Paper is up more than +7% after Reuters reported that Suzano approached International Paper with an offer to buy the company for about $15 billion or $42 per share. Also, International Flavors and Fragrances is up more than +5% after reporting stronger-than-expected Q1 net sales. In addition, GlobalFoundries is up more than +7% after reporting Q1 adjusted EPS above consensus.
On the negative sid... Read more
After Blowout Earnings, This Dividend Stock Still Looks Cheap
Barchart - 2 minutes ago
Despite its remarkable post-earnings rally, here's a dividend stock that still carries a bargain tag.
Apple Launches Larger Mid-Priced iPad Air with M2 Chip, Aims for AI Expansion
Quiver Quantitative, Inc. - 8 minutes ago
Apple (AAPL) has introduced a new, larger version of its mid-priced iPad Air at a virtual event on Tuesday, offering a 13-inch model priced at $800 alongside the existing 11-inch variant priced at $600....
OpenAI Launches DALL-E 3 Image Detection Tool Amid Rising Election Concerns
Quiver Quantitative, Inc. - 8 minutes ago
OpenAI, the Microsoft (MSFT)-backed startup behind the ChatGPT phenomenon, is launching a new tool designed to detect images created by its DALL-E 3 text-to-image generator. This initiative comes amid...
Disney's streaming business turns a profit in first financial report since challenge to Iger
AP - 20 minutes ago
The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business...
Electronic Market Makers Gain Ground in Fixed Income, Challenge Wall Street Banks
Quiver Quantitative, Inc. - 24 minutes ago
High-tech trading firms like Citadel Securities and Jane Street are increasingly pushing into the fixed-income market, challenging Wall Street's traditional banks for a share of this lucrative financial...
Disney’s Surprise Streaming Profit Falls Short as TV Business Weakens
Quiver Quantitative, Inc. - 24 minutes ago
Disney (DIS) posted a surprise profit in its streaming entertainment division, but this achievement was overshadowed by a slump in its traditional TV business and a lackluster performance at the box office....
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