Dow notches record high close after upbeat economic data
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StreetInsider.com Top Tickers, 9/5/2026
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- S&P Dow Jones Indices adds Bloom Energy to S&P 500 index
- Citi highlights best Gen AI stocks to own for 2027
- Dell’s earning report was bullish for Intel CPU demand, analyst says
- Netflix raises prices in Germany and Austria, Citi comments
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
A lot of noise but AI theme remains intact: Barclays
August 30, 2024 9:11 AM EDTDespite recent market volatility, Barclays analysts maintain that the AI investment theme remains robust.
The bank said in a note Friday that while equities have been navigating various challengessuch as the Jackson Hole meeting, Nvidias earnings, and upcoming payroll datathe broader AI narrative continues to be a driving force in the market.
Barclays highlighted that Nvidia, a key player in the AI space, faced high expectations following a... More
What are active managers buying?
August 30, 2024 8:06 AM EDTIn the second quarter, long-only funds (LOs) made significant moves by increasing their exposure to Communication Services, boosting their relative weight in the sector by five percentage points to over 30% overweight, according to a note from Bank of America on Friday.
In its active managers holding update note, BofA says the shift underscores a growing confidence in a sector that was already considered "the most crowded" as LOs sought to capitalize on its perceived stability.
To fund this shift, LOs... More
BCA sees S&P 500 'meaningfully lower 6-to-12 months from today'
August 30, 2024 7:09 AM EDTBCA Research has issued a bearish outlook for the S&P 500, warning that stock prices are likely to be "meaningfully lower 6-to-12 months from today."
"Investors should maintain an underweight stance toward risky assets," wrote BCA.
The firm states that the prediction comes amid growing concerns about the U.S. economy's ability to avoid a recession as labor demand weakens and inflationary pressures persist.
"The U.S. economy is now at the point... More
