Amazon and Nvidia say all options are on the table to power AI including fossil fuels
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Amazon and Nvidia say all options are on the table to power AI including fossil fuels Read More »
The major US stock indices close the week with a four day when streak. Monday’s declines of over 2.5% were erased on Tuesday. The gains from Wednesday Thursday and Friday were icing on the cake.
The NASDAQ index outpaced the other major indices with a gain of 6.73%.
.For the day, the NASDAQ rose 1.26%
A snapshot of the final numbers shows:
for the trading week:
Some of the biggest winners this week included:
Palantir: +19.88%
Robinhood Markets: +19.72%
Trump Media & Technology Group: +18.83%
Tesla: +18.06%
SoFi Technologies: +17.21%
MicroStrategy: +16.26%
Shopify Inc: +16.10%
Micron: +15.92%
Super Micro Computer: +15.76%
Nio A ADR: +14.35%
Netflix: +13.20%
CrowdStrike Holdings: +13.11%
Next week, Microsoft, Amazon, Meta and Apple report earnings. Also, McDonald’s, Starbucks, Pfizer, Exxon Mobil, Coca-Cola, Chevron will all report as well
This article was written by Greg Michalowski at www.forexlive.com.
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🔴 Risks to global trade are the most frequently cited risk to the U.S. financial system, according to new Federal Reserve survey
🔴 Fed says growing stablecoin sector remains subject to run risks
🔴 Fed says bank funding vulnerabilities in line with historical norms
🔴 Fed says funding markets were resilient through early April’s market volatility
🔴 Global trade risks, fiscal debt sustainability, and policy uncertainty top concerns of Fed survey respondents
🔴 Fed survey respondents also cite foreign divestment from U.S. assets, value of U.S. dollar, as other new potential shocks
🔴 Fed survey: Some respondents say ‘incremental tariffs’ may only cause modest disruption
🔴 Fed in latest Financial Stability Report says prices remain high relative to fundamentals even after April market turmoil
🔴 Fed says liquidity in Treasury and equity markets was low and worsened further in April, though market functioning remained orderly
🔴 Fed says Treasury markets continued to see orderly trading, markets continued to function amid recent volatility
🔴 Fed says commercial real estate prices showed some signs of stabilizing
🔴 Fed says banking system remained sound and resilient, but hedge fund leverage rose to historical highs, concentrated among largest funds
This article was written by Greg Michalowski at www.forexlive.com.
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Monday, April 28
Canada Federal Election (All day)
Tuesday, April 29
U.S. JOLTS Job Openings (Forecast: 7.48M; Prior: 7.57M)
Australia CPI q/q (Forecast: 0.8%; Prior: 0.2%)
Australia CPI y/y (Forecast: 2.3%; Prior: 2.4%)
Australia Trimmed Mean CPI q/q (Forecast: 0.6%; Prior: 0.5%)
China Manufacturing PMI (Forecast: 49.8; Prior: 50.5)
Germany Preliminary CPI m/m (Forecast: 0.4%; Prior: 0.3%)
Wednesday, April 30
U.S. ADP Non-Farm Employment Change (Forecast: 123K; Prior: 155K)
Canada GDP m/m (Forecast: 0.4%; Prior: 0.4%)
U.S. Advance GDP q/q (Forecast: 0.4%; Prior: 2.4%)
U.S. Employment Cost Index q/q (Forecast: 0.9%; Prior: 0.9%)
7:00am: U.S. Core PCE Price Index m/m (Forecast: 0.1%; Prior: 0.4%)
Tentative: BOJ Policy Rate Decision (Expected: <0.50%)
BOJ Monetary Policy Statement
BOJ Outlook Report
BOJ Press Conference
Thursday, May 1
U.S. Unemployment Claims (Forecast: 224K; Prior: 222K)
U.S. ISM Manufacturing PMI (Forecast: 48.0; Prior: 49.0)
Friday, May 2
U.S. Average Hourly Earnings m/m (Forecast: 0.3%; Prior: 0.3%)
U.S. Non-Farm Payrolls (Forecast: 129K; Prior: 228K)
U.S. Unemployment Rate (Forecast: 4.2%; Prior: 4.2%)
All day: Australia Parliamentary Elections
This article was written by Greg Michalowski at www.forexlive.com.
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