With better-than-expected earnings reports from over 70 of the S&P 500 companies, the stock market continued to rally with the index registering a six-day winning streak. Analysts are hopeful of a further rally by the year-end.
Pinterest shares gained approximately 23.36% in the past year but dropped approximately 4.89%, and 13.79% in the past ten months and three months respectively.
Tesla stock has gained approximately 104.86%, 22.69%, 32.12%, and 15.14% in the past year, YTD, three months, and one month respectively.
The move by the major American stock market indices including the S&P 500 to hit their new ATHs may be fast-tracked by increased earnings reports from the companies that are going to unveil their results for the previous quarter.
GOOGL stock has gained approximately 80.63%, 63.45%, and 12.30% in the past year, YTD, and three months respectively.
Xiaomi stock has dropped approximately 30%, and 14% in the past ten months and three months respectively.
The ProShares Bitcoin ETF becomes the second-most heavily traded fund with BITO surging 5% on debut and registering a record turnover of $1 billion on Day 1.
The wealthiest Americans are seeing huge dividends from massive owning a lot of stocks, separating them from other smaller investors.
Alibaba stock has dropped approximately 44.96%, 29.15%, and 18.74% in the past year, YTD and three months respectively.
Expectations of the strong earnings reports from top giants ahead this week are driving the US market higher despite a drop in industrial production for the last month of September.
Bakkt recently said it wanted to expand the usage and recognition of digital assets – including central bank digital currencies and NFTs.
Camp, a family experience company, is set to open a new store in the former Toys R Us shop at the Golden State Plaza mall located in New Jersey. The company is betting big on the upcoming holiday season, following a huge Covid vaccination rollout in the United States.
With the coronavirus pushing more organizations and businesses to operate remotely via cloud services, GitLab anticipates adding on its numbers in the coming quarters.
The new Apple MacBook Pro that is expected to be announced will have M1 processor replacements and 10 standard CPU cores.
For achieving Facebook’s mission for metaverse, the recruitment of professionals in the field is paramount.