Stock Market Today: Nasdaq Spirals as Netflix Nosedives
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'Crowded' megacap trade in US stocks awaits earnings test
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year. The companies are seen as important bellwethers due to dominant positions atop their...
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Stocks sink, oil surges on reports of Middle East attacks
TOKYO (Reuters) -Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived 2.3% and U.S. stock futures pointed 1.5% lower following media reports Israeli missiles had hit a site in Iran. ABC News cited a U.S. official in reporting Israeli missiles had hit a site in Iran, while Iran's Fars news agency said explosions were heard at an airport...
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European and US stocks edge up ahead of key inflation data
The FTSE 100 and major indices across Europe rose, as investors digested fresh data including Friday's US jobs report.