Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Intel (NASDAQ:INTC) released their latest quarterly results this week, revealing a mixed bag as competition in the artificial intelligence (AI) sector intensifies. Read on for more details from their announcements and how investors reacted. You can also click here for
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.87 percent on the week to close at 603.95 on Friday (November 1). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was down 0.82 percent to 24,255.16. Statistics Canada released its August GDP figures on Thursday (October 31). The data indicated
Gold is known as an attractive safe-haven investment and has been used to store wealth during volatile times through history. It has interesting currency-like tendencies, and retains its purchasing power better than paper currencies.
Wall Street had a mixed week, with indexes rising early in the week but closing lower on Thursday (October 31) due to concerns about rising AI costs and weak economic data. Despite a weaker-than-expected US jobs report on Friday (November 1), the market opened higher,
Overall Analysis EUR/USD is moving upward, forming an ascending channel. The price may face strong resistance around the 1.08703 level. EUR/GBP is in a downtrend on the higher time frame, with the price encountering resistance near the 0.83825 level. EUR/USD Chart Analysis EUR/USD 15-Minute Chart (Source: TradingView) On October 30,
S&P 500 and Stock futures dropped on October 31, when investors digested not-so-good results of the tech corporations and, on the other hand, looked forward to reports from Apple and Amazon. S&P 500 futures fell by 0.5%, with the Nasdaq 100 and Dow Jones futures equally
Overall Analysis USD/CHF continued its rally towards the downside, but the price quickly reversed from the support area towards the resistance. In USD/JPY, sellers keep pressuring the market, but buyers continue breaking their swings and trying to push the market high. USD/CHF Chart Analysis USD/CHF 15-Minute Chart (Source:
Overall Analysis Bitcoin fell sharply on 31st Oct from higher levels, indicating profit booking, and missed a time high of just 300 points. The selling trend might go long. Ethereum continued respecting levels from higher time frames and fell sharply in the 31st Oct trading session. The
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are coming. “There is a reality to it,” said Brian Ong, vice president of Google recruiting, according to a
The Halloween effect caught up with the stock market! October 31 ended up being a spooky day for investors. Tepid earnings from big tech companies and negative news about Super Micro Computer (SMCI) sent stocks plunging, especially semiconductors (more on this below). Precious metals, which were in