Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Nasdaq, S&P rise ahead of Nvidia earnings report

**TLDR:** Nasdaq, S&P 500 rise as investors await Nvidia earnings; Tesla surges on potential regulatory changes; CVS shares up 5.4%.

Published

on

The Nasdaq and S&P 500 closed higher recently as investors look forward to Nvidia’s earnings report.

Nvidia is significant as it contributed 20% of the S&P 500’s return over the past year. Expectations for its third-quarter earnings are high, with projected growth tied to AI chip demand.

Despite a recent dip in Nvidia shares due to reports of new AI chips overheating, it is anticipated that the company will meet or exceed expectations. Carol Schleif from BMO Family Office noted a shift in market focus compared to prior quarters.

The Dow Jones Industrial Average declined slightly, while the S&P 500 and Nasdaq experienced gains.

Energy Play

Energy stocks led the S&P’s rise, boosted by Tesla’s increase due to favorable policies anticipated from the Trump administration. CVS Health also saw its shares rise after a board expansion announcement.

Concerns about volatility in specific sectors remain as the market awaits further information on Trump’s cabinet appointments. Last week saw significant losses for the S&P 500 and Nasdaq amid expectations of a slower pace of Federal Reserve policy easing.

Investors are particularly attentive to upcoming retail earnings, with major companies like Walmart and Target set to report, as these will provide insights into consumer spending as the holiday season approaches. Overall, market activity remains robust with more advancing stocks than declining ones on major exchanges.

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

on

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.


The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets


Download the Ticker app

Continue Reading

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

on

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!


The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

on

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.


Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Trending Now