EPISODE · Oct 4, 2023 · 1 MIN
🔥Magnificent 7 Lead the Stock Market Rebound
from Ainvest Pulse · host Cashcow
Welcome back to our investing podcast. On Wednesday, stocks and bonds saw relief from recent selloffs, with traders expecting the Federal Reserve to pause interest rate hikes. Large-cap tech stocks like Tesla, Microsoft, and Amazon led a market rebound, pushing Nasdaq 100 up by 1.6% and S&P 500 by 0.9%. The rebound was also spurred by reports showing a slowdown in job additions and a modest pullback in the services sector. On the tech side, Google unveiled the Pixel 8 and 8 Pro phones along with Pixel Watch 2 during its event in New York City. The new devices, starting at $699 for Pixel 8, $999 for Pixel 8 Pro, and $349 for Pixel Watch 2, feature enhanced hardware like Google's G3 Tensor chip for better AI utilization, and software upgrades including stress tracking on the Pixel Watch 2. New let’s look at the individual stocks making moves Wednesday: Fluor Corporation shares rose 2% on a UBS upgrade following new project agreements. Cruise line stocks like Carnival, Norwegian Cruise Line, and Royal Caribbean advanced over 2% each amidst falling oil prices. Solar stocks Sunnova Energy and Sunrun plummeted around 6% each post Truist downgrade due to interest rate concerns. Cal-Maine Foods shares dropped 6.6% on disappointing earnings. Intel shares edged up as it announced a standalone programmable chip unit with a planned IPO. DexCom and Insulet shares fell after a study on GLP-1 weight loss drugs. Energy stocks, including Marathon Petroleum and Phillips 66, declined with oil prices sliding over $3 a barrel. View more on our website: News https://www.ainvest.com/news/ Stock Mover https://www.ainvest.com/market/stocks-usa/top-gainers/ AI Chatbot https://www.ainvest.com/chat/?comefrom=WebainvestNavirobot
What this episode covers
Welcome back to our investing podcast. On Wednesday, stocks and bonds saw relief from recent selloffs, with traders expecting the Federal Reserve to pause interest rate hikes. Large-cap tech stocks like Tesla, Microsoft, and Amazon led a market rebound, pushing Nasdaq 100 up by 1.6% and S&P 500 by 0.9%. The rebound was also spurred by reports showing a slowdown in job additions and a modest pullback in the services sector. On the tech side, Google unveiled the Pixel 8 and 8 Pro phones along with Pixel Watch 2 during its event in New York City. The new devices, starting at $699 for Pixel 8, $999 for Pixel 8 Pro, and $349 for Pixel Watch 2, feature enhanced hardware like Google's G3 Tensor chip for better AI utilization, and software upgrades including stress tracking on the Pixel Watch 2. New let’s look at the individual stocks making moves Wednesday: Fluor Corporation shares rose 2% on a UBS upgrade following new project agreements. Cruise line stocks like Carnival, Norwegian Cruise Line, and Royal Caribbean advanced over 2% each amidst falling oil prices. Solar stocks Sunnova Energy and Sunrun plummeted around 6% each post Truist downgrade due to interest rate concerns. Cal-Maine Foods shares dropped 6.6% on disappointing earnings. Intel shares edged up as it announced a standalone programmable chip unit with a planned IPO. DexCom and Insulet shares fell after a study on GLP-1 weight loss drugs. Energy stocks, including Marathon Petroleum and Phillips 66, declined with oil prices sliding over $3 a barrel. View more on our website: News https://www.ainvest.com/news/ Stock Mover https://www.ainvest.com/market/stocks-usa/top-gainers/ AI Chatbot https://www.ainvest.com/chat/?comefrom=WebainvestNavirobot
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🔥Magnificent 7 Lead the Stock Market Rebound
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