Stock futures began the shortened week on a downward trend following the Labor Day holiday. The futures for the Dow Jones Industrial Average were down by 70 points or 0.2% after the index gained 115 points on Friday to finish at 34,837. Similarly, S&P 500 futures fell by 0.3%, while the tech-heavy Nasdaq saw a decline of 0.5%. Potential Market Movers on Tuesday Here are … [Read more...] about Stock Futures Lower after Labor Day Holiday
Gold Futures Tumble as Dollar Strengthens and Bond Yields Rise
Gold futures experienced a decline in early trading on Tuesday, as they felt the pressure from a stronger U.S. dollar and rising bond yields. This downward trend was in response to downbeat economic data from both China and Europe. Price Action Gold for December delivery (GC00, -0.59% GCZ23, -0.59%) fell by $11.20, or 0.6%, to reach $1,955.20 per ounce on Comex. December … [Read more...] about Gold Futures Tumble as Dollar Strengthens and Bond Yields Rise
Warner Bros. Discovery Lowers 2023 Financial Guidance Due to Ongoing Strikes
Warner Bros. Discovery (WBD) stock experienced a slight decline of 0.2% in premarket trades on Tuesday. This comes as the company adjusts its 2023 financial guidance in response to the ongoing strikes initiated by the Writers Guild of America and the SAG-AFTRA actors in Hollywood. Optimistically, Warner Bros. Discovery hopes for a swift resolution to these strikes; however, the … [Read more...] about Warner Bros. Discovery Lowers 2023 Financial Guidance Due to Ongoing Strikes
U.S. Employment Trends Show Signs of Cooling
The U.S. employment market seems to be heading for a slowdown, as indicated by a decline in the Employment Trends Index in August. The Conference Board, a private-research group, reported that the index fell to 113.02 from 114.71 in July, marking its lowest level in over a year. This downward trend has been consistent since March 2022. Despite the decline, the index still … [Read more...] about U.S. Employment Trends Show Signs of Cooling
AMD CEO Lisa Su Highlights Increased Customer Engagement and Sales in AI Sector
In a recent statement, Lisa Su, the Chair and CEO of Advanced Micro Devices Inc. (AMD), expressed her enthusiasm over the growing customer engagement in the AI sector, which has resulted in increased sales for the company. Speaking at Goldman Sachs' Communacopia + Technology investor conference in San Francisco, Su mentioned that interest in AMD's AI data-center hardware has … [Read more...] about AMD CEO Lisa Su Highlights Increased Customer Engagement and Sales in AI Sector
