Stock Market News

BMO Capital Markets Raises Stock Price Target for Alphabet Amid Optimism for AI-Driven Growth

Key Points: BMO Capital Markets raises Alphabet's stock price target from $215 to $222. Alphabet's Search share increased by 310 basis points globally. Effective AI capabilities are driving growth in Search and YouTube businesses. Analysts predict a 20-40 basis points increase in YouTube revenue for 2024, with potential further gains if TikTok ad spending decreases. Google Cloud is expected to grow by 28% in 2024, driven by dual-cloud adoption and generative AI workloads. BMO Capital Markets analysts have raised their price target for Alphabet (Nasdaq: GOOGL) stock from $215 to $222, reflecting increased optimism for the tech giant’s Search and...

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US Stock Index Futures Slip Slightly Ahead of Inflation Data

Key Points: U.S. stock index futures fell slightly on Thursday. The S&P 500 Futures dropped 0.11%, the Nasdaq 100 slipped 0.086%, and the Dow Jones Futures fell 0.14%. Fed Chair Jerome Powell's positive comments boosted confidence in a potential soft landing for the economy. Upcoming consumer price index (CPI) data is expected to show easing headline inflation and persistent core inflation. Crude prices rose as...

European Stock Markets Edge Higher Amid Political Developments and Wall Street Gains

Key Points: European markets edged higher, with the DAX up 0.43%, CAC 40 up 0.71%, and FTSE 100 up 0.78%. Wall Street gains and potential rate cuts from the Federal Reserve influenced market sentiment. Political developments in the U.K. and France are in focus, with significant elections upcoming. Crude oil prices fell due to soft U.S. economic data and weak Chinese PMI figures, though supported...

US Stock Indexes Show Slight Gain Ahead of Powell’s Address, Key Economic Data

Key Points: The U.S. stock index rose slightly in Monday evening trading. Investors are focused on Jerome Powell’s upcoming address and key economic data. Wall Street ended Monday positively. The S&P 500 index had gained 0.27%, the Nasdaq 100 rose 0.66%, and the Dow Jones gained 0.13%. Powell's speech and the Fed’s meeting minutes are expected to provide more clues on interest rate policies, and...

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