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US equities moved higher on Wednesday after a stronger-than-expected January jobs report eased concerns about slowing economic momentum and reinforced confidence in the resilience of the labour market. The Dow Jones Industrial Average rose 207 points, or about 0.4%. The S&P 500 gained 0.6%, while the Nasdaq Composite advanced 0.8%, as investors responded positively to… Continue reading US stocks open in the green after strong jobs data: Nasdaq climbs around 1%

US employers added far more jobs than expected in January, delivering a rare upside surprise after months of subdued hiring and easing fears that the labor market was sliding into a prolonged slowdown. Payrolls rose by 130,000 last month, significantly above economists’ expectations, while the unemployment rate edged down to 4.3%, according to government data… Continue reading US jobs report surprises with 130,000 hires in January as rate cut hopes fade

Datadog Inc (NASDAQ: DDOG) is rallying this morning after the cloud-based observability firm posted its fourth-quarter report that, on the surface, appeared to be a clean beat. The company reported $953 million in revenue on 59 cents a share of adjusted earnings for its Q4, both handily above Street estimates.   However, one could argue… Continue reading Datadog Q4 earnings: sufficient to justify a 230x earnings multiple?

Gold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data.  Over the past week, precious metals have experienced significant volatility, as prices retreated from all-time highs due to a combination of profit-taking and excessively bullish positioning. Meanwhile, oil… Continue reading Commodity wrap: bullion falls ahead of key data; oil up on supply disruptions fear

Tesla stock extended its recent rebound on Tuesday, rising for a third consecutive session as investors weighed analyst commentary, strategic developments in the company’s energy business, and changes in senior management. Tesla shares were up about 1.5% at $423.05. The broader market was mixed, with the S&P 500 flat and the Dow Jones Industrial Average… Continue reading Why Tesla stock is outperforming other tech giants on Tuesday

Nvidia stock edged lower early to slip below $190, as investors weighed signs of continued strength in the artificial intelligence market against persistent policy, cost and competitive risks that have kept the stock confined to a narrow trading range. Nvidia shares were down about 0.5% at $189.06 in early trading. The stock rose 2.5% on… Continue reading Nvidia stock stuck around $190: HBM costs, China risks are hemming in the AI giant

The operator of outdoor apparel brand Eddie Bauer filed for Chapter 11 bankruptcy protection on Monday, becoming another mid-market retailer to fall prey to the adverse impact of shifting consumer demand, rising costs and persistent uncertainty over trade policy. In court filings in the District of New Jersey, the company said it was exploring a… Continue reading From Eddie Bauer to Saks Global: what’s ailing US retailers?

The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected.  The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus.  This adjustment was not a recent development… Continue reading Oil finds short-term support as oversupply eases, bearish risks linger

Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare outperformer, bucking the broader downturn and attracting renewed investor interest. Shares of Apple were up about 6% this week as of Thursday morning, making it… Continue reading How Apple defied the tech stocks’ rout as AI spending fears hit rivals