GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of both Apple and Amazon.com eased in after-hours trading on Thursday, with forecasts including Apple's estimated tariff costs disappointing investors after U.S. tech-related shares jumped earlier in the day. Apple's stock was down 4% after the bell. While the company's results were better than analysts had expected, CEO Tim Cook said estimated tariffs will add about $900 million in costs to the quarter ending in June if rates do not change. Cook also outlined changes to the company's supply chain to minimize the impact of U.S. President Donald Trump's trade war. Amazon.com shares were down 2.5% after it reported first-quarter cloud revenue growth and forecast operating income below estimates. During the regular session, U.S. technology-related stocks including many involved in artificial intelligence rose sharply following stronger-than-expected results from Microsoft and Meta Platforms late in the previous ...

[hfe_template id='11223'] [ad_1] Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war and concerns of a recession. At 12.53 pm, the Dow Jones dropped 1,607.09 points or 3.96% to 38,938.84, the S&P 500 declined 258.10 points or 4.78% to 5,138.49, and the Nasdaq fell 817.82 points or 4.94% to 15,732.78. China's finance ministry said on Friday it would impose additional tariffs of 34% on all U.S. goods from April 10 after U.S. President Donald Trump raised tariff barriers to their highest level in more than a century this week. The tariff war has sent shockwaves through global financial markets and raised fears of an economic downturn, with investment bank JP Morgan forecasting a 60% chance of the global economy entering a recession by year-end, up from 40% previously. ...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended the week on a high note, bolstered by a rally in tech stocks, while investors analysed the euro zone inflation report to assess the likelihood of a larger interest rate cut in December. The pan-European main stock index reversed earlier losses and was up 0.6% at 510.25 points on Friday, logging its first monthly gain since August. It rose 1% in November. On a weekly basis, it logged a modest 0.2% decline. Technology stocks were the biggest boost to the index, gaining 1.6%. Trading volumes were expected to be low, with the U.S. equity market open for half a day following the Thanksgiving holiday on Thursday. Euro zone flash inflation rose to 2.3% on a yearly basis in November, in line with forecasts. Markets are now pricing in a more than 80% chance of a 25 basis-point cut at the European Central Bank's meeting on December 12. Capital Economics' analysts think the case for a 50 basis point cut still ...

[hfe_template id='11223'] [ad_1] The S&P 500 and the tech-heavy Nasdaq gained ground on Friday, bolstered by technology stocks, while Netflix surged after exceeding subscriber growth estimates. Shares of Netflix NFLX.O jumped 10.2% to a record high after the streaming giant topped Wall Street estimates for subscriber additions and said it expected continued growth through the end of the year. The Dow was dragged lower by American Express AXP.N, which lost 3.6% after its quarterly revenue missed estimates. Meanwhile, all the so-called Magnificent Seven stocks, which have driven much of Wall Street's rally this year, rose. Apple AAPL.O gained 1.2% after data showed a sharp increase in new iPhone sales in China, while chip heavyweight Nvidia NVDA.O added 0.6% after BofA Global Research hiked its price target on the stock. Netflix's gains lifted the Communication Services sector .SPLRCL 1%, while Information Technology .SPLRCT rose 0.4%An upbeat start to the quar...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank's rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The STOXX 600 closed up 0.2% as the tech sector led gains with a 2% jump. That cut the weekly loss for the tech index to 6%, but it remained the worst-performing sector this week after ASML's weak 2025 sales forecast sparked a rout in chip stocks globally. The computer chip equipment maker's shares were up 1% on Friday, while chip stocks Soitec SA and BE Semiconductor Industries were up 5.6% and 2.8%, respectively. Basic resources shares climbed 1.4%, boosted by strong copper prices. The luxury stocks index rose 1.1% after a sell-off earlier this week following LVMH's weak third-quarter sales. With LVMH, other luxury giants such as Gucci-owner Kering and Hermes rose 3.5% and ...

[hfe_template id='11223'] [ad_1] Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant's stock higher all year. The company on Wednesday forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. But some investor concerns were allayed after the company said it expects production of its next-generation Blackwell chips to ramp up in the fourth quarter. Shares of other chip companies were mixed after some reversed gains from earlier in the session. Broadcom shares ended 0.8% lower while those of Advanced Micro Devices fell 0.6%. Shares of Arm rose 5.3%. Nvidia's shares remain up 137% this year, making the company a pillar of the rally in U.S. stocks. Those gains have been driven in part by a series of blowout quarterly revenue forecast...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike. Market participants are also looking forward to U.S. Federal Reserve Chair Jerome Powell's keynote speech at the annual Jackson Hole symposium later in the day. The Nikkei rose 0.2% to 38,288.79 by 0008 GMT, while the broader Topix climbed 0.32%. Pharma was among the top gainers among the Tokyo Stock Exchange's 33 industry groups, with a 1% rise. It climbed 1.56% on Thursday. Sumitomo Pharma gained 2%, while Chugai Pharmaceuticals jumped 2.9%. Electronics m...

[hfe_template id='11223'] [ad_1] Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday report showed, while the unemployment rate increased to 4.3%, heightening fears that a deteriorating labor market could make the economy vulnerable to a recession. The jobs report exacerbated a selloff in stocks that began on Thursday, when data showing weakness in the labor market and manufacturing sector pushed investors to dump everything from chip stocks to industrials while piling into defensive plays. Richly valued tech stocks tumbled further on Friday, extending losses in the Nasdaq Composite to more than 10% from a record closing high reached in July. The benchmark S&P 500 index has slid 5.7% from its July peak. "This is what a g...

[hfe_template id='11223'] [ad_1] Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to the cross-asset disruptions. Yet for all noise, one trend is unmissable: Unloved fringes of the equity landscape – from small caps to banks – are suddenly on a tear and stock picking is back in vogue. With the so-called Magnificent Seven accounting for a historic share of this year’s equity rally, the blind love affair with capitalization-weighted indexes appears to be on shaky ground. Retail and institutional investors are looking to diversify into new market winners by sinking cash into everything from consumer stocks to health care – regardless of the sorry track record for anyone trying to be...

[hfe_template id='11223'] [ad_1] The Nikkei share average plunged 2% on Friday, as tech stocks tracked a selloff in Wall Street peers and the threat of currency intervention spurred profit-taking into Japan's long weekend. The Nikkei was down 2% as of 0155 GMT, just over 30 minutes ahead of the midday recess. Chip-making equipment giant Tokyo Electron was the biggest points drag on the index, sliding 5.65%. Smaller peer Disco was the biggest decliner, down 7.25%. That followed a 3.47% slide for the Philadelphia SE Semiconductor Index overnight. Japan's broader, less tech-heavy Topix declined 0.93% on Friday. Despite the selloff, the Nikkei remains up about 1.15% this week, after surging to a record high of 42,426.77 on Thursday. "A natural retreat following that strong three-day rally is the biggest factor behind today's move, I think," Nomura Securities equities strategist Kazuo Kamitani said. The stronger yen due to an overnight surge that many ...