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Latest news with #USEquities

Big Tech Is Back in S&P 500 Driver's Seat as Profit Engines Hum
Big Tech Is Back in S&P 500 Driver's Seat as Profit Engines Hum

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Big Tech Is Back in S&P 500 Driver's Seat as Profit Engines Hum

The same technology giants that helped drag the S&P 500 to the brink of a bear market in April are giving the recovery in US equities some legs. Nvidia Corp. put a bow on a better-than-expected earnings season for Big Tech last week by delivering a strong outlook for revenue, despite US restrictions on sales of its chips in China. With Nvidia and Microsoft Corp. rallying back to the cusp of record highs, traders are betting the group is poised to lift the broader market.

US Stocks Rally as Trump Delays 50% Tariff on European Union
US Stocks Rally as Trump Delays 50% Tariff on European Union

Bloomberg

time27-05-2025

  • Business
  • Bloomberg

US Stocks Rally as Trump Delays 50% Tariff on European Union

US equities rallied on Tuesday morning as trade tensions between the US and the European Union showed signs of cooling and as yields fell globally on hints Japan may be prepared to adjust debt issuance after a bond rout there. The S&P 500 Index rose 1.2% at 9:49 a.m. in New York, putting the benchmark on track to bounce back from last week's four-session losing streak. Meanwhile, the technology-heavy Nasdaq 100 Index climbed 1.4%. At least some of the risk-on mood emerged after President Donald Trump extended a deadline on tariffs on the EU until July 9.

Markets Have About $7 Trillion in Firepower Into Nvidia Earnings
Markets Have About $7 Trillion in Firepower Into Nvidia Earnings

Bloomberg

time27-05-2025

  • Business
  • Bloomberg

Markets Have About $7 Trillion in Firepower Into Nvidia Earnings

An upbeat earnings report by Nvidia Corp. would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists. Institutional positioning in the US technology sector is 'undemanding' with hedge funds and mutual funds still substantially underweight, strategist Michalis Onisiforou said. Exposure of trend-following Commodity Trading Advisors (CTA) to the broader stock market is also neutral, while volatility control funds have plenty of room to add to risk, he said.

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