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S&P 500 and Nasdaq Set New Records as Nvidia Becomes Most Valuable Company

The rally of tech stock, mainly prompted by the Artificial Intelligence boom, has brought another record day for the U.S. stock market. The S&P 500 and Nasdaq Composite had a record close on Tuesday, The Dow Jones Industrial Average also finished high, and chipmaker Nvidia...

Goldman Sachs Lifts Prediction for S&P 500 in 2024 to 5,600

Investment bank Goldman Sachs is raising its expectations for the S&P 500 index in 2024. According to a note sent to their clients last week, Goldman Sachs is now predicting the index to come at 5,600 points compared to the previous forecast of 5,200. Goldman...

Adobe’s Stock Surges More Than 14% Percent On the Back of Record Revenue

Software company Adobe shared its report for the second quarter, which showed record revenue and earnings results that beat the expectations of analysts. The company’s shares jumped 14.5%, marking the biggest single-day surge since 2020. Adobe’s revenue in the second quarter came at $5.31 billion,...

Cruise Stocks Drop Amid Worries About Their Pricing Power

Cruise companies Carnival, Norwegian Cruise, and Royal Caribbean all saw their stock take a significant dip on Friday after analysts expressed concerns about their pricing power. In a note sent out to clients, Bank of America analyst Andrew Didora wrote that the comparison of prices...

S&P 500 and Nasdaq Hit Record Highs Fueled by Rising Tech Stocks

The U.S. stock market had another big day on Wednesday thanks to the S&P 500 and Nasdaq reaching record highs. The jump in the two indexes was fueled by rising tech stocks of Apple, Microsoft, Nvidia, and Oracle. S&P 500 saw a 0.85% increase to...

UBS Analyst Sees a Big Upside for Calvin Klein Owner PVH’s Stock

PVH Corp., the parent company for luxury brands Calvin Klein and Tommy Hilfiger, has seen its stock heading toward recovery after a surprising dip in April. But, according to analysts at investment bank UBS, this might just be the beginning. In a note sent to...