Wall Street has its eye on the S & P 500 Equal Weight Index — which treats every stock equally — to gauge if the current market rally is a head fake or the start of a serious bull run. The Invesco S & P 500 Equal Weight ETF , known by its RSP ticker symbol, closed Friday at an all-time high. The equal-weighted version of the broad market index — which gives less weight to buzzy technology names than the classic S & P 500 — scored its first record since late November. “It will be an important chart…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. Jeenah Moon | ReutersStock futures were relatively unchanged on Monday on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize.S&P 500 futures rose 0.1%, while Nasdaq 100 futures gained 0.2%. Futures tied to the Dow Jones Industrial Average climbed 0.1%.The moves come after the S&P 500 and the Nasdaq Composite hit new all-time and closing highs during Monday’s trading session, just barely seeing gains. It was the…
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty ImagesRevenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report.EssilorLuxottica said the success of the Ray-Ban Meta glasses, built via a partnership with the Facebook parent stemming back to 2019, contributed to its first-half overall sales of 14.02 billion euro (US$16.25 billion), which represents a 7.3% year-over-year jump.”We are leading the transformation of glasses as the next computing…
The logo of Cadence Design Systems is pictured outside the company’s offices in San Jose, California, U.S., January 31, 2020. Stephen Nellis | ReutersCadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions, the Justice Department said on Monday.Cadence was accused of violating export controls by illegally selling chip design software and hardware to front companies representing China’s National University of Defense Technology.NUDT’s supercomputers are thought to support nuclear explosive simulation and military simulation activities, according to U.S.…
The ‘Fast Money’ traders look ahead to trade deadlines, Fed meeting, and more Big Tech earnings. Source link
Check out the companies making headlines in after-hours trading. Cadence Design Systems – Shares of the computer software company jumped more than 6% after its latest quarterly results beat on the top and bottom lines. For the second quarter, Cadence reported adjusted earnings of $1.65 per share on revenue of $1.28 billion, above the $1.55 per share and $1.25 billion in revenue that analysts surveyed by LSEG were expecting. The company also posted upbeat full-year guidance. Nucor – Shares of the steel producer dropped more than 4% after its earnings and revenue for the second quarter missed Wall Street’s estimates.…
The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency exchange in Istanbul, Turkey, on Wednesday, Nov. 6, 2024. David Lombeida | Bloomberg | Getty ImagesThe crypto market’s bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication.On Monday, a little-known Canadian vape company saw its stock surge on plans to enter the crypto treasury game – but this time with Binance Coin (BNB), the fourth largest cryptocurrency by market cap, excluding the dollar-pegged stablecoin Tether (USDT), according to CoinGecko.Shares of CEA Industries, which trades on the Nasdaq under the ticker VAPE, rocketed more than 800%…
David Zaslav, President and CEO of Warner Bros. Discovery, attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | ReutersWarner Bros. Discovery on Monday announced the corporate names and leadership teams of its two future businesses as the company prepares to split in mid-2026.Its streaming and studios division will be called “Warner Bros.” and its global networks segment will be named “Discovery Global.”Warner Bros. will house its movie properties, including DC Studios and its streaming service HBO Max. Meanwhile, Discovery Global will include its entertainment, sports and news networks, including CNN, TNT…
Industrials are in the spotlight, emerging as the top sector in 2025 – and a few names happen to offer the prospect of upside and dividend income. Year to date, the industrials sector is up 17%, overshadowing even the high-flying tech sector, which is up 13%. A couple of factors are behind industrials’ rise: For starters, the U.S. economy has remained solid even as the Trump administration has been rolling out its tariff announcements. Further, the trade policy is expected to boost U.S.-based manufacturing. In addition, Bank of America’s Industrial Momentum Indicator shows a continuing rebound. “The BofA Industrial Momentum…
