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Stock Market News

Oppo brings back premium Find X smartphones to global markets amid slow growth at home

Oppo has brought back its high-end Find X series smartphones to overseas markets in a renewed international push, as Chinese Android handset vendors step up expansion efforts amid cutthroat competition at home. The Chinese smartphone giant - the world's fourth-largest handset vendor by shipments last quarter, according to research firm IDC - on Thursday held the global launch of its new Find X8 and Find X8 Pro in Bali, Indonesia. The launch comes after a two-year hiatus for Oppo's flagship devic

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Stock market today: Dow jumps 426 points as stocks end the week higher amid risk-on rally

Fundstrat's Tom Lee called Nvidia's earnings release a "clearing event" for the stock market and that investors' "animal spirits" are rising.

Tech stocks are reaching a key threshold that could spell the end of 'US exceptionalism' trades, BofA says

Bank of America strategists are watching the ratio between the Nasdaq and S&P 500 for signs of a market top.

6 stocks that will benefit from the next wave of AI development, Bank of America says

Bank of America sees a coming "Agentic AI wave," which it thinks could benefit a small group of large-cap companies.

US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts

(Bloomberg) -- Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names J

Stock market today: Indexes rise and dollar gains as stock investors head for a winning week

Earnings season mostly wrapped up this week, capped off by Nvidia's results. The dollar, meanwhile, continued to rise, hitting its highest level since 2022.

Three BofA bankers in India leave amid probe into stock sale, source says

Three Bank of America investment bankers in India have left the company as it probes allegations of wrongdoing over stock sales, a source familiar with the matter said. The departures were first reported by the Financial Times. A whistleblower complaint alleged that Bank of America shared non-public information with some investors before it sold roughly $200 million worth of stock for some clients in India, according to a Wall Street Journal report in September.

Black Friday puts consumer spending in market's glare with stocks near records

The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. But recent earnings from two high-profile retailers yielded sharply different prospects: Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, while Target shares tumbled after it forecast holiday-quarter comparable sales and profit below estimates on Wednesday.

S&P 500 Gains and Losses Today: Supermicro Stock Rallies To Finish Strong Week

The S&P 500 added 0.4% on Friday, Nov. 22, 2024, wrapping up a strong week for stocks highlighted by earnings from chipmaker Nvidia and major retailers.

Investors see Treasury pick Bessent as calming US bond market worries

(Reuters) -President-elect Donald Trump's choice of Scott Bessent for Treasury secretary could lift some of the gloom that has pervaded the sagging U.S. government bond market in recent weeks, investors said. Trump on Friday said he had chosen Bessent, a prominent investor, as Treasury secretary, a key cabinet position with vast influence over economic, regulatory and international affairs. The selection comes after days of speculation that weighed on Treasury markets already dogged by worries over a potential rebound in inflation and increase in the federal budget deficit from Trump’s economic plans such as tax cuts and import tariffs.