The CNN Money Fear & Greed Index indicated a slight improvement in market sentiment, though it remained in the ‘Fear’ zone on Tuesday. U.S. stocks rose on Monday, fueled by anticipation for the U.S. presidential election results. The Federal Reserve’s rate decision on Thursday and key economic data releases are also influencing market sentiment.
U.S. stocks ended Wednesday’s session with mixed results, with the S&P 500 edging up marginally, the Dow Jones Industrial Average slipping slightly, and the Nasdaq composite gaining a fraction. Tesla surged over 12% after announcing accelerated production plans for affordable vehicles, offsetting a 55% profit decline in its latest quarterly report. Meanwhile, bond yields rose, putting pressure on stocks. Other notable market moves included declines in Norfolk Southern, Boeing, and Teledyne Technologies, while Hasbro, Texas Instruments, and Boston Scientific posted gains. International markets exhibited mixed performances, with Japan’s Nikkei 225 jumping 2.4% as the yen weakened against the dollar.
Despite recent economic headwinds in China, there are signs of recovery, presenting investment opportunities for companies with exposure to the region. Here are three underperforming U.S. stocks that could benefit greatly from China’s economic rebound: Starbucks (SBUX), Apple (AAPL), and LVMH (LVMUY). Each company has a strong presence in China and stands to gain from increased consumer demand and economic growth.
U.S. stocks closed higher on Tuesday, recording gains for the second straight session. The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. The Dow Jones closed higher by around 264 points to 38,503.69, the S&P 500 rose 1.20% at 5,070.55, and the Nasdaq Composite climbed 1.59% at 15,696.64 during Tuesday’s session.
U.S. stocks traded higher towards the end of trading on Tuesday, with the S&P 500 gaining more than 1%, while the Dow and NASDAQ also rose. General Motors Company reported better-than-expected earnings for its fiscal first quarter, with quarterly sales growth of 7.6% year-on-year. Communication services and materials sectors were the leading and lagging sectors, respectively. In commodity news, oil traded up 1.8% while gold traded down 0.2%. European and Asian markets closed mostly higher, with the eurozone’s STOXX 600 rising 1.09% and Japan’s Nikkei 225 gaining 0.30%. Sales of new single-family houses jumped 8.8% in March, while the S&P Global services PMI and composite PMI fell to 50.9 and 50.9, respectively.
U.S. stocks closed positive on Monday, with the Dow Jones Industrial Average gaining 0.7% to 38,239.98, the S&P 500 rising 0.9% to 5,010.60, and the Nasdaq climbing 1.1% to 15,451.31. Notable stock movements include a 2.42% dip for DJT despite its recent gains, a 23.11% surge for RIOT following Bitcoin’s rise, a 175.86% jump for MTTR due to a CoStar Group acquisition deal, a 4.67% decline for VZ despite positive revenue results, and a 3.40% drop for TSLA after a price cut for its FSD software.
The U.S. stock market is poised to end a six-day losing streak on Monday, boosted by positive risk sentiment and easing geopolitical tensions. Major indices traded higher at noon in New York, with modest gains anticipated ahead of a week filled with crucial earnings reports from Visa, Tesla, Meta, Microsoft, and Alphabet. Gold prices plunged 2.5%, marking their most significant single-day decline since June 2022, while silver tumbled 5% in its worst daily performance since October 2022. Bitcoin rose above $66,000, on track for its highest close in over a week.
U.S. stocks opened higher on Monday, with the Dow Jones gaining over 100 points. The S&P 500 and Nasdaq also rose. Leading the gains were information technology shares, while energy shares fell. The Chicago Fed National Activity Index increased to +0.15 in March, topping market estimates. Moolec Science SA, NewGenIvf Group Limited, and SuperCom Ltd. were among the top gainers, while Vaxxinity, Inc., Hepion Pharmaceuticals, Inc., and Connexa Sports Technologies Inc. were among the top losers.
