May 29, 2024
First time ever Nasdaq closes above 17,000
The Nasdaq crossed 17,000 for the first time ever, boosted by gains in Nvidia, while the S&P 500 closed slightly higher and the Dow slightly lower as Treasury yields rose. Nvidia shares boosted shares of other chip stocks as traders returned from a holiday-extended weekend.
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May 29, 2024
Apple’s iPhone Sales Surge by 52% in April
Apple’s share price rose over 10% in May, rebounding after four months of underperformance. In April 2024, iPhone sales surged by 52% year-over-year. Key Drivers of the Sales Boom: New Product Launches Improved Supply Chain Increased Marketing Efforts 5G Expansion What’s Next for Apple? Apple will focus on innovation and customer satisfaction, with upcoming product […]
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May 29, 2024
Dollar rebounds as yields rise
The dollar gained, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions. The Treasury Department saw soft demand for sales of two-year and five-year notes.
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May 28, 2024
A Stock to Watch: Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing (NYSE: TSM), a global leader in the semiconductor industry, saw its stock price rise by 1.9% last Friday to close at $160, driven by growing enthusiasm for artificial intelligence advancements. Quarterly Earnings Report On April 18th, TSMC announced an impressive performance for the first quarter of 2024, with a significant 8.9% year-on-year […]
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May 28, 2024
AUD/USD rose 0.4%
The last session saw the Aussie gain 0.4% against the Dollar. The Stochastic indicator’s is giving a negative signal.AUD/USD rose 0.4% in the last session.The Stochastic indicator is currently in the negative zone.Support: 0.6614 | Resistance: 0.664
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May 28, 2024
Gold gain 0.5%
The last session saw the Gold gain 0.5% against the Dollar. The Stochastic-RSI is giving a negative signal.XAU/USD rose 0.5% in the last session.The Stochastic-RSI is currently in negative territory.Support: 2328.4867 | Resistance: 2345.0867
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