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Continue reading >>The stock market was mostly lower on Tuesday following disappointing economic news, but still posted nice gains for August. Specifically, consumer confidence sank -11.3 points to 113.8 in August, another big miss, following the -3.8 point drop to 125.1 in July.The small-caps showed strength despite the overall pullback with volatility edging slightly higher after trading in a tight range. The...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
Continue reading >>The stock market was mixed on Monday with Tech and the broader market staying hot while the blue-chips and small-caps slumped. Real Estate and Technology were the strongest sectors after rising 1.2% and 1.1%, respectively.Financials were the weakest sector after falling 1.4%. Volatility stayed slightly elevated throughout the first half of action before easing into the closing bell, but continues...
Continue reading >>The stock market was mixed on Thursday with the broader market and Tech showing strength as new claims for unemployment benefits fell to a 17-month low. Initial claims for state unemployment benefits fell 29,000 to 348,000 versus forecasts for a print of 363,000. It represented the fourth-straight weekly decline while sending claims to their lowest level since mid-March 2020. The four-week...
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