2024-08-30 09:00:09
Stocks
Markets
Economy
European Stocks Reach New Highs Amid Global Market Activity
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The Street
Finance
Technology
Stocks trading lower midday, with S&P 500 down 0.5%, Nasdaq down 1%, Russell 2000 down 0.6%, and Dow Jones down 0.3%; All Mag 7 stocks down. Nvidia (NVDA) down 2% ahead of Q2 earnings; Super Micro plunges 23% after delay, Hindenburg short; Coinbase drops 4% as Bitcoin falls; Nordstrom up 5% on earnings beat, Bath & Body down 5% on weak results; Lululemon drops ahead of earnings.
The Street
Midday stock movers: Nvidia, Best Buy, Dollar General TheStreet Daily Newsletter
Finance
Economy
Technology
Stocks rose midday, with Nvidia down 4% on Q2 beat, Best Buy up 15% on Q2 beat, and Dollar General plunging 30% on miss. GDP grew 3%, jobless claims fell. Morgan Stanley sees Nvidia's Blackwell launch as positive, while Bernstein and thefly.com note cautious sentiment. Loop Capital downgraded Dollar General ahead of earnings.
Tagesschau - Wirtschaft und Börsen-Nachrichten
DAX expected to be slightly lower Taking a breather after the record high
Finance
Economy
The DAX is expected to be slightly lower after the record high. Interest rate hopes and FOMO recently drove prices higher. The chart technology is positive, but seasonality calls for caution.
The Guardian
European stock markets hit record high; UK house price growth at fastest annual rate since 2022 – business live
Finance
Economy
Environment
Shell plans major job cuts; UK house prices rise at fastest annual rate since 2022; Stoxx 600 index hits record high; Nationwide chief economist expects housing market to strengthen; Bank of England data on consumer credit and mortgage approvals; Eurozone inflation and unemployment data; India GDP growth in Q2; US core personal consumption expenditure price index for July.
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