Latest news with #NDX
Business Insider
15 hours ago
- Business
- Business Insider
U.S. Stock Futures Flat Despite New Highs for the S&P 500 and Nasdaq
U.S. stock futures opened flat on Monday night, even as the S&P 500 (SPX) and the Nasdaq Composite closed at a new high in the previous session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.19%, 0.06%, and 0.07%, respectively, at 11:07 p.m. EDT on July 28. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In Monday's trading session, the S&P 500 and the Nasdaq Composite hit new all-time intraday and closing highs, marking the S&P 500's 15 th record close of 2025. These gains were fueled by recent earnings results and international trade developments. Today, the S&P 500 ended just above flat, the Dow slipped 0.1%, and the Nasdaq rose 0.3%. Tariffs and inflation will remain key focus points this week. The Federal Reserve is scheduled to announce its interest rate decision on Wednesday, following its two-day policy meeting. The market anticipates that the central bank will keep rates steady in the 4.25% to 4.5% range. This week is also the busiest period of earnings season, with over 150 S&P 500 companies reporting quarterly results. This includes several 'Magnificent Seven' firms: Meta Platforms (META) and Microsoft (MSFT) on Wednesday, and Amazon (AMZN) and Apple (AAPL) on Thursday.
Business Insider
2 days ago
- Business
- Business Insider
The Week That Was, The Week Ahead: Macro & Markets, July 27, 2025
Everything to Know about Macro and Markets The S&P 500 (SPX) touched new intraday highs on Friday, ending the week up 1.5%. Major indices finished the week on a strong note, thanks to solid corporate earnings and favorable trade developments. The Nasdaq-100 (NDX) and the Dow Jones Industrial Average (DJIA) ended the week 0.9% and 1.3% higher, respectively. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Weekly Gains on Strong Earnings and Trade Deals The S&P 500 posted its fifth straight day of closing records on Friday. Interestingly, the index ended above the 6,300 level for the first time on Monday. Strong earnings reported by several companies, notably by Google parent Alphabet (GOOGL) and telecom giant Verizon (VZ), fueled last week's rally. According to FactSet, out of the 34% of S&P 500 companies that have reported Q2 results so far, 80% have exceeded earnings expectations, a proportion that is above the 5-year average of 78%. However, the magnitude of earnings surprises is below average levels. Additionally, the trade agreement between the U.S. and Japan eased concerns about the ongoing tariff wars and contributed to last week's rally. U.S. President Donald Trump called it 'perhaps the largest Deal ever made,' while adding that Japan would invest $550 billion in the U.S. The deal lowers the tariffs on auto exports, a major driver of Japan's economy, to 15% from the existing 25% that is imposed across countries. A Big Week Ahead The week ahead is expected to be quite eventful, given that it includes the August tariff deadline, the July Federal Open Market Committee (FOMC) meeting, earnings reports from four of the Magnificent 7 stocks, and some key economic releases. The Federal Reserve's two-day policy meeting will be in focus this week, especially due to President Trump's persistent attacks on the central bank's Chair Jerome Powell. The independence of the Fed is being debated, with reporters expected to question Powell about the same at the post-meeting press conference. Despite growing pressure from Trump to slash interest rates, the Fed is expected to hold the benchmark short-term borrowing rate steady in a target range of 4.25% to 4.50%. Meanwhile, the August 1 deadline to raise tariffs is approaching this week. Trump's erratic trade policy decisions have been making headlines. Following the trade agreement with Japan, all eyes are on the possibility of a deal with the European Union (EU). Aside from Trump's trade stance, earnings from four of the Magnificent 7 stocks – Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL), are eagerly awaited. Investors will be focusing on the commentary from management of these companies regarding the business backdrop and artificial intelligence (AI) spending. Finally, the Personal Consumption Expenditure (PCE) price index report, scheduled for release on Thursday, and the July nonfarm payrolls report, due on Friday, could impact investor sentiment. Experts expect the jobs report to indicate a deceleration in job additions in July compared to the previous month. Meanwhile, the PCE price index is expected to show a rise in inflation. Stocks That Made the News Alphabet impressed investors with its market-beating second-quarter revenue and earnings. The company raised its capital expenditure guidance for 2025 from $75 billion to $85 billion to support robust demand for its cloud offerings amid the ongoing AI boom. Verizon also delivered upbeat results for the June quarter, thanks to strength in its wireless service business. The company raised the lower end of its full-year earnings guidance to reflect strong demand for its premium plans and the Trump administration's new tax law. IBM (IBM) stock fell even after delivering better-than-expected second-quarter results. The company's software business lagged the Street's revenue expectations. The tech giant also noted that some clients are being cautious in signing new deals due to geopolitical pressures. Tesla (TSLA) reported dismal second-quarter results, with the electric vehicle (EV) maker's CEO Elon Musk cautioning investors about a 'few rough quarters' ahead due to the expiration of the federal tax credits. TSLA stock is down 22% year-to-date, as investors are concerned about weak demand due to macro pressures and rising competition, a lack of innovation, and Musk's political ambitions. Intel (INTC) reported mixed results for the second quarter. The chip giant exceeded the consensus revenue expectations, but the bottom line fell short of estimates. Further, CEO Lip-Bu Tan announced significant cuts in chip factory construction. The company is streamlining its operations and cutting costs in an attempt to revive its business. Kohl's (KSS) made headlines this week as it became the latest stock to join the meme stock frenzy. Retail investors are buying stocks of companies like Kohl's and online residential real estate platform Opendoor Technologies (OPEN), which generally have high short seller interest, to trigger rapid rallies. UnitedHealth (UNH) stock declined after the health insurer disclosed in an SEC filing that it 'proactively' reached out to the U.S. Department of Justice (DOJ) after reports of investigations into certain aspects of the company's participation in the Medicare program surfaced. The company added that it has started complying with formal criminal and civil requests from the DOJ. Data analytics company Palantir Technologies (PLTR) stock continued to rally this week, thanks to AI tailwinds. PLTR stock is now one of the 20 most valuable companies in the U.S. Paramount (PARA) secured the Federal Communications Commission's (FCC) approval for the $8 billion merger with Skydance Media. The Q2 2025 earnings season is in full swing, with many prominent U.S. companies' earnings scheduled for this week. Spotlight will be on the earnings reports of PayPal (PYPL), Visa (V), Boeing (BA), SoFi Technologies (SOFI), UnitedHealth (UNH), Microsoft (MSFT), Meta Platforms (META), Alibaba (BABA), Ford (F), Apple (AAPL), Amazon (AMZN), Exxon Mobil (XOM), and Chevron (CVX).
Business Insider
7 days ago
- Business
- Business Insider
U.S. Stock Futures Flat as Investors Await Big Tech Earnings
U.S. stock futures were little changed Tuesday night as investors wondered if the S&P 500 Index (SPX) can hold near record highs with big tech earnings set to begin tomorrow. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.01%, 0.11%, and 0.16%, respectively, at 8:57 p.m. EDT on July 22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. These moves come after the S&P 500 closed at a record high for the second day in a row, rising 0.06% on Tuesday. The Dow gained nearly 0.4%, while the Nasdaq Composite fell 0.4% as chip stocks dropped. Investors are now turning their attention to upcoming earnings reports from Alphabet (GOOGL) and Tesla (TSLA), both expected after the bell on Wednesday. These reports will be the first from the mega-cap Tech sector. Beyond these, AT&T (T), Chipotle Mexican Grill (CMG), QuantumScape (QS), and IBM (IBM) will also report results tomorrow.
Business Insider
22-07-2025
- Business
- Business Insider
‘Party Like It's 1999,' Says BTIG as PLTR, MSTR, and Others Fuel Nasdaq Rally
The Nasdaq 100 index (NDX) just hit a major milestone by staying above its 20-day moving average for 60 straight trading days. This is the second-longest streak in the index's history, going all the way back to 1985. The only time it lasted longer was during the dot-com boom in early 1999. Indeed, BTIG strategist Jonathan Krinsky commented on the rare event by playfully saying, 'Party like it's 1999,' to highlight how unusual this level of consistency is. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. This remarkable strength in the Nasdaq 100 has also led to gains in the Invesco QQQ ETF (QQQ), which tracks the index. As a result, the ETF is now the fifth-largest in the world by assets and has jumped by 17% since June, bringing its total year-to-date return to 10%. Despite uncertainty in the broader market, this surge shows that investors still have a lot of confidence in large tech and growth stocks, which make up a big portion of the index. Therefore, many of the biggest winners in the Nasdaq 100 this year also come from the tech sector. In fact, leading the pack is Palantir Technologies (PLTR), which is up 102% so far in 2025. Other strong performers include Zscaler (ZS) (+59.7%), KLA Corp (KLAC) (+49.8%), and Strategy (MSTR) (+48.3%). In addition, well-known names like DoorDash (DASH), Constellation Energy (CEG), Lam Research (LRCX), CrowdStrike (CRWD), MercadoLibre (MELI), and Netflix (NFLX) round out the top 10 with increases of more than 37% this year. Is QQQ Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on QQQ stock based on 92 Buys, nine Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average QQQ price target of $603.33 per share implies 6.8% upside potential.
CNBC
21-07-2025
- Business
- CNBC
Nasdaq 100 momentum unmatched since 1999 so brace for a shakeout, says BTIG
It's time to brace for a shakeout, according to BTIG. The market is flaring some near-term warning signals. As of Sunday, the Nasdaq 100 — which is comprised of the 100 largest companies excluding financials in the Nasdaq stock exchange — has gone 60 straight trading days without closing below its 20 day moving average, a short-term trend indicator. That's a troubling signal when you consider the last time the Nasdaq 100 sustained this sort of momentum was back in 1999, a little before the dot-com bubble burst. "The Nasdaq 100 has now gone 60 trading days without closing below its 20 DMA, the second-longest streak in its history (back to 1985). The longest was ended in early 1999," Jonathan Krinsky, chief market technician at BTIG, wrote in a Sunday titled "Fasten Your Seatbelts." "The main takeaway is that we may encounter some turbulence, even though it's unlikely to mark a major peak," Krinsky wrote. .NDX YTD mountain Nasdaq 100, year to date That word of caution comes with both the S & P 500 and Nasdaq Composite kicking off the week at record highs , once again, in spite of concerns ahead around the Aug. 1 trade deadline, and whether the Federal Reserve will or won't lower interest rates in their meeting next week. Earnings season is also expected to add to individual stock volatility. However, with reversal indicators showing signs of peaking, and seasonal trends weakening, the technical setup is starting to suggest greater unruliness lies ahead. Wall Street's fear gauge — the CBOE Volatility Index — has been notably quiet all month. Greater turbulence could be especially troubling for more risky assets, such as the ARK Innovation ETF , which has rallied more than 12% this month defying fears of a pullback. "We have clearly been offsides on the ARKK move, thinking a pullback was due for the last few weeks. With that said, relative to the 100 DMA it's now 38% above, only exceeded during a brief period in July '20," Krinsky wrote. "We continue to think a shakeout is overdue." The technician expects that investors could rotate into utilities. He said the Utilities Select Sector SPDR Fund has "prebreakout potential" that can carry it to the low $90s from around $84 where it was last hovering.
