Opinion: The S&P 500 is near breaking above this key stage and difficult the bear market trendline

The S&P 500 may be about to secure the two major bullish SPXs, -0.04% timelines. First, the S&P rallied from mid-June lows up to key resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a defiant downtrend line challenge. This bear market determination is the … Read more

Roku inventory plummets to report drop after ‘horrible’ earnings

Shares of Roku Inc. fell to a record drop on Friday after the streaming company admitted a “significant drop” in ad spend helped push it to weaker-than-expected results and could linger beyond the near quarter. best. “Consumers have begun to curtail discretionary spending and advertisers have dramatically cut spending in the ad-distributed (TV ads purchased … Read more

US inflation rebounds and stays at 40-year excessive, key value gauge reveals

The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more

Amazon shares rise 14% as gross sales beat and AWS progress surpasses second consecutive quarter loss

Amazon.com Inc. decided to cut back after years of pouring money into growth and resulting in a second straight quarter loss, but a sales beat and continued strong growth from Amazon Web Services helped propel Stocks edged higher in after-hours trading Thursday. Amazon AMZN, + 1.08% reported a second-quarter loss of $2 billion, or 20 … Read more

Is Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press convention

Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more

Is Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press convention

Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more

As Twitter Reconsiders Its Footprint in San Francisco, a Greater $9 Billion Query Asks For The Metropolis’s Workplace Market

Twitter Inc. took the large San Francisco office into consideration for downsizing on Wednesday and is set to open an office in Oakland, California, a person with direct knowledge of the matter said. This move blurs the future of the social media site Stylish San Francisco headquartersa 1.1 million square foot trophy office complex at … Read more

As Twitter Reconsiders Its Footprint in San Francisco, a Greater $9 Billion Query Asks For The Metropolis’s Workplace Market

Twitter Inc. took the large San Francisco office into consideration for downsizing on Wednesday and is set to open an office in Oakland, California, a person with direct knowledge of the matter said. This move blurs the future of the social media site Stylish San Francisco headquartersa 1.1 million square foot trophy office complex at … Read more

Is the inventory market on the backside? What the professionals say after the S&P 500 checks 4,000

Stock market bulls are poking their heads above the border, claiming the lows for the 2022 sell-off as indices extend their recovery from June lows, while those Skeptics still see little evidence of a bear market recovery. S&P 500 SPX, -0.93% fell 0.9% on Friday to close at 3,961.63, but posted a weekly gain of … Read more

Analyst says AT&T earnings ‘actually good’ regardless of inventory sell-off

Shares of AT&T Inc. fell sharply on Thursday after the telecom giant cut its free cash flow forecast for the year, but one analyst said the latest report wasn’t bad. In fact, LightShed Partners analyst Walt Piecyk titled his research note: “AT&T Q2 was really good. Here’s why.” Admittedly, AT&T’s T, -7.62% The management team … Read more