Wayne Duggan - Spark Newswire

3 minute read

Jerome Powell Will Testify Before Congress As Investors Await Fed’s Next Move On Inflation

Today, 6:35 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Monday morning to kick off a big week for investors ahead of Federal Reserve Chair Jerome Powell's two-day testimony to Congress on Tuesday and Wednesday.

SPY

2 minute read

February Services Sector Data Suggests Challenging Path Forward For The Fed

By Wayne Duggan

Today, 6:35 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) rallied on Friday after investors got two encouraging data points about the health of the U.S. services sector.

SPY

2 minute read

S&P 500 Snaps 3-Week Losing Streak Ahead Of Powell’s Congress Visit, February Jobs Report Next Week

By Wayne Duggan

Today, 6:35 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) snapped a three-week losing streak as investors digested the latest interest rate commentary from Federal Reserve officials.

CRM

2 minute read

Charles Schwab Sentiment Survey: Traders Getting More Bullish But How Do They Feel About Meme Stocks, Bitcoin?

By Wayne Duggan

Today, 6:35 AM

Charles Schwab Corporation (NYSE: SCHW) just released its quarterly trader sentiment survey, and the results suggest traders are getting more bullish on the stock market despite ongoing concerns about rising interest rates and inflation.

AMC

2 minute read

Li Auto Analyst Reacts To China EV Player’s Q4 Earnings Beat: ‘Expect 2023 To Turn Profitable’

By Wayne Duggan

Today, 6:35 AM

Li Auto Inc (NASDAQ: LI) shares traded slightly lower on Monday morning after the Chinese electric vehicle maker reported a first-quarter earnings beat, but Bank of America analyst Ming Hsun Lee said there's plenty of upside ahead for Li shares.

2 minute read

Supreme Court Student Loan Forgiveness Case Starts This Week: What Investors And Students Should Know

By Wayne Duggan

Today, 6:35 AM

American college students and investors exposed to student loan stocks will be watching the beginning of a new Supreme Court case involving President Joe Biden's student debt relief plan this week.

MMS

2 minute read

Alphabet Analyst Talks ChatGPT: How Much Traffic Has Shifted From Google To Bing?

By Wayne Duggan

Today, 6:35 AM

Artificial intelligence has been a hot topic on Wall Street since OpenAI launched its ChatGPT prototype in November 2022.

GOOG

2 minute read

S&P 500 Logs Weekly Loss As Investors Digest Latest Inflation Data

By Wayne Duggan

Today, 6:35 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower in a volatile four-day week as the latest batch of inflation data rattled Wall Street.

2 minute read

Boeing Analysts Recommend Caution Following Latest 787 Production Problems

By Wayne Duggan

Today, 6:35 AM

Boeing Co (NYSE: BA) shares dropped 4.8% on Friday after the company announced it had once again run into production problems with its 787 Dreamliner.

2 minute read

Why This General Motors Analyst Says It’s Time To Buy The Dip In GM Stock

By Wayne Duggan

Today, 6:35 AM

General Motors Company (NYSE: GM) shares dropped 4% on Thursday after the company announced it will be idling production at its Fort Wayne plant for two weeks in late March.