Shares of data storage manufacturer Seagate (NASDAQ:STX)
jumped 7.2% in the afternoon session after Bank of America reaffirmed its 'Buy' rating and significantly raised its price target on the stock to $215 from $170.
Let's delve into the developments on the US markets one hour before the close of the markets on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
The global financial landscape is increasingly being shaped by a complex web of geopolitical tensions and the specter of future trade wars, particularly between the United States and China. These simmering conflicts, characterized by escalating tariffs, technological competition, and strategic decoupling efforts, are poised to significantly limit the upside potential
Curious about the top performers within the S&P500 index in the middle of the day on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Looking back on semiconductors stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Seagate Technology (NASDAQ:STX) and its peers.
Markets had another strong week as inflaton data set the stage for the Federal Reserve’s meeting next week; a rate cut is expected but may already be priced in
The global technology landscape is undergoing a profound transformation, driven by an intricate web of evolving geopolitical dynamics, stringent U.S. export controls, and persistent trade tensions. This complex interplay is not merely reshaping international commerce but is fundamentally altering global supply chains and the international sales prospects for technology
The new leader among S&P 500 stocks is Seagate Technology, which has risen by more than 120% so far this year. What's driving its gains, and can it continue?
Semiconductors are the picks and shovels of modern technology. The amount of data we ingest is also increasing exponentially, leading to elevated demand for chips with more processing power.
This secular trend bodes well for the industry, which has posted a six-month gain of 28.1% and beat the S&P 500 by 12.4 percentage points.
U.S. stocks edged higher Monday as investors positioned for a busy week of economic reports leading up to next week's Federal Reserve meeting. HOOD shares are climbing. Check the market position here.
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Nvidia Corp. (NASDAQ:NVDA) is up 2% in midday trading Monday, moving within striking distance of its all-time high—now less than 2 percentage points away—as investors remain upbeat ahead of the company's highly anticipated
Stay updated with the movements of the S&P500 index in the middle of the day on Monday. Discover which stocks are leading as top gainers and losers in today's session.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
A number of stocks fell in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
