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 moving...
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 fell on Tuesday, with the broader market recording its biggest one-day percentage drop in roughly a month, as retail sales raised concerns about the economic recovery. The Commerce Department reported retail sales fell by 1.1% in July from June.Specifically, spending at online and other non-store retailers fell 3.1% while sales at car dealers fell 4.3%. The pullback snapped five...
Continue reading >>
...
Continue reading >>
The stock market fell on Tuesday, with the broader market recording its biggest one-day percentage drop in roughly a month, as retail sales raised concerns about the economic recovery. The Commerce Department reported retail sales fell by 1.1% in July from June.Specifically, spending at online and other non-store retailers fell 3.1% while sales at car dealers fell 4.3%. The pullback snapped five...
Continue reading >>The stock market was mostly higher on Friday after setting another round of record highs despite a sharp drop in consumer sentiment. Specifically, the preliminary consumer sentiment index for August fell to 70.2, its lowest level in a decade, versus forecasts to match the final reading of 81.2 for July. The news suggested that the Delta variant of the coronavirus was impacting consumers as most...
Continue reading >>