Investors expect that the chipmaker will announce a capital expenditure budget of over $40 billion for the current year.
The broad equity market has a negative reaction to the possibility of an increase in interest rates. US stock futures are reducing across major indexes.
When 2022 began, stocks had a rough start with increased bond yields. Bond yields rose on high expectations for Fed interest rate hikes coupled with the alarming spread of the Omicron variant.
Some market commentators think the US Fed is to be blamed for the worst tech stock kick-off since the 2008 financial crisis.
As part of the partnership, Amazon will be offering in-car dashboard software and cloud services to Stellantis vehicles.
Roku shares have dropped approximately 42%, 13%, and 38% in the past year, YTD, and three months respectively through Wednesday.
According to the bank, the public holds approximately $2.6 trillion of gold that is very likely to be consumed by Bitcoin in the next few years.
There are other industries billed to benefit from macroeconomic events slated to be introduced this year beyond just the banking stocks as highlighted.
The oil markets have been more stable lately despite the Omicron scare, as investors shrugged off the impact of the strain on grounds that it is not as deadly as earlier strains.
Since the billionaire investor started accumulating stocks from Apple in 2016, there’s been tremendous growth in the value of his investment.
Pinterest stock has dropped approximately 51.58%, 8.86%, and 33.74% in the past year, YTD, and three months respectively.
Despite the current mix of performance with respect to the individual performances of the companies, analysts are optimistic that there remains a massive upside for the stock market.
Ford stock registered approximately 180% gains last year. Topping on last year’s gains, Ford shares have recorded gains of around 17.10% this year already.
Through its acquisitions of more Bitcoin Antminers, Riot Blockchain has increased its Bitcoin mining hash rate capacity.
The US stocks continue trading higher hitting record levels on the first day of 2022. It looks like investors have shrugged off concerns about the rising number of Covid Omicron cases.