Nvidia Earnings Beat in Q1 as Data Center Helps Offset Weakness in Gaming By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – Chipmaker Nvidia (NASDAQ:) on Thursday reported first-quarter results that topped expectations as solid performance in its fast-growing data center business helped offset weakness in its gaming business. Nvidia shares lost 0.86% in after-hours trade following the report. Nvidia announced earnings per share of $1.80 on revenue of $3.08 […]

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Wall Street Rides Tech Higher as Facebook, Amazon Hit Record Highs By Investing.com

© Reuters. By Yasin Ebrahim  Investing.com – Wall Street ended strongly on Wednesday, led by large-cap tech stocks, with Facebook (NASDAQ:) and Amazon (NASDAQ:) hitting record highs as investors continued to cheer efforts to reopen the economy. The rose 1.52%, or 369 points. The gained 1.67%, while the added 2.08%. With all U.S. States partially […]

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Dow Slumps Late as Tech Rally Cools on Concerns Over Rushed Reopening By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – Wall Street fell on Tuesday as optimism in tech stocks faded on rising worries that some states lifting restrictions too soon could spark a second wave of infections and inflict further economic damage. The fell 1.89%, or 457 points, the slipped 2.05%, while the dropped 2.06%. Investor optimism […]

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Europe’s Tech Plays Profit From Their Scarcity By Investing.com

© Reuters. By Geoffrey Smith  Investing.com — Perhaps Europeans just aren’t optimistic enough. Their continent is well ahead of the U.S. in terms of bringing the Covid-10 pandemic under control, and looks likely to do a better job of supporting consumer incomes, through the crisis, but you wouldn’t guess it from the stock market performance. After […]

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Bitcoin Jumps; Famed Fund Manager Says Bitcoin to Shine as Central Banks Ease By Investing.com

© Reuters. By Yasin Ebrahim  Investing –  The jury may still be out on whether bitcoin is a safe heaven, but there is little doubt that it is an effective hedge against currency debasement at time when central banks continue to roll out stimulus, prompting famed hedge fund manager Paul Tudor to buy the popular […]

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Last-Ditch Selling Hits Dow; Traders Weigh Weak Jobs Data, Tech Strength By Investing.com

© Reuters. By Yasin Ebrahim  Investing.com – The Dow ended lower on Wednesday, as investors reined in their bullish bets on stocks ahead of the close on further signs of trouble in the labor market. But the ongoing rise in technology stocks kept losses in check. The fell 0.91%%, the S&P 500 slipped 0.70%, while […]

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Wall Street Surges at the Close as Financials, Tech Jump By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – Shares started bullish on Monday with an increase in coronavirus mortality in the US amidst an increase in technology and finance. The rose 4.6%, the rise 4.5% and the rose 1.294 points, or 5.1%. Washington state officials said Monday four new patients died of Covid-19, bringing the total […]

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Wall Street off Lows, but Under Pressure as Selling in Tech Turns Ugly By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – Wall Street experienced session lows but remained under pressure on Thursday, triggered by selling technical stocks while investors continued to assess the Covid-19 virus outbreak. The slipped 0.72%, the lost 1.12% and the decrease 0.69%. It was not immediately clear what caused the sudden downward movement in stocks. […]

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