Category: Finance
Finance Minister Nirmala Sitharaman and her team arrived at Parliament with the budget tablet for the Union Budget 2024.
Keywords: Union Budget 2024, Nirmala Sitharaman, Parliament
Source: News-Topic
Update At: 7/23/2024
Global semiconductor stocks declined significantly following Intel's disappointing earnings report, which led to a 28% drop in its shares and announced layoffs of over 15% of its workforce. Nvidia's shares also fell amid reports of a DOJ antitrust investigation into its market practices. Other major chip manufacturers like TSMC and Samsung experienced declines as well.
CNBC
Intel's stock fell 17% following disappointing Q2 earnings and lower guidance for the next quarter, raising questions about its current buy potential.
Motley Fool
Stock futures fell as the US added fewer jobs than expected in July, raising concerns about the Federal Reserve's timing on rate cuts. Apple reported strong fiscal Q3 results, while Amazon and Intel disappointed with mixed earnings and poor guidance, respectively.
Yahoo Finance
Wall Street faces a challenging open due to a weak jobs report, with the Nasdaq down 2.3%. The U.S. economy added only 114,000 jobs, raising recession fears and concerns about Federal Reserve actions. Amazon and Intel reported disappointing earnings, while Apple exceeded expectations. Intel's shares plummeted over 20% after announcing layoffs. Other semiconductor stocks reacted negatively, while Exxon reported strong earnings. Chevron missed profit expectations, and Nextracker's shares fell amid project backlog concerns.
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Investing.com
Stock futures declined as investors reacted to mixed quarterly reports from major tech companies and disappointing nonfarm payroll data. Key stock movements included Block raising its full-year outlook, Cloudflare exceeding earnings expectations, Amazon's mixed results, Intel announcing layoffs and a disappointing outlook, Snap missing revenue expectations, Ginkgo Bioworks considering a reverse stock split, and Booking Holdings facing a forecast of slowed growth despite beating Q2 estimates.
Seeking Alpha
Major U.S. indices closed lower on Thursday, with the Dow Jones down 1.2%, S&P 500 down 1.4%, and Nasdaq down 2.3%. Key stocks included Amazon, Apple, Block, Intel, and Tesla, all experiencing declines despite some reporting earnings growth.
www.tradingview.com
Apple reported better-than-expected earnings for FQ3 2024, with iPhone sales declining less than anticipated. The finance chief forecasts a similar revenue growth rate for the fourth quarter, while challenges persist in the Chinese market with a 6.5% year-over-year sales drop.
VSEE and GPAK are the top pre-market stock movers today, with VSee Health's stock soaring over 159% due to plans for telepresence solutions. Other notable movers include Adagio Medical and Exicure, while Fresh Vine Wine and Conn's are experiencing significant declines.
InvestorPlace
Stocks experiencing significant movements in pre-market trading include VSee Health, Inc. up over 170%, MKDWELL Tech Inc. up over 96%, and TELUS International down over 26%.
RTTNews