Spot gold was up 0.5% at $2,420.00 per ounce, as of 1147 GMT, and has gained more than 4% this month. Bullion, traditionally known for its stability as a favoured hedge against geopolitical and economic risks, thrives in a low-interest rate environment.
First Mover Americas: Crypto Market Stabilizes After Nursing Losses
The latest price moves in crypto markets in context for July 31, 2024.
Chip stocks boost Nasdaq futures before Fed verdict; Microsoft lags
(Reuters) -Futures tied to the Nasdaq index rose on Wednesday after a bullish forecast from Advanced Micro Devices drove chip stocks higher even as Microsoft faltered, while investors geared up for the Federal Reserve's rate decision. Nvidia rose 6.5%, Intel 2.3% and Broadcom 6.4%. At 7:15 a.m. ET, Dow e-minis were up 31 points, or 0.08%, S&P 500 e-minis were up 52 points, or 0.95%, and Nasdaq 100 e-minis were up 295.5 points, or 1.56%.
Is It Time to Buy IBM Stock?
IBM reported solid second-quarter results and boosted its full-year guidance.
3 Reasons to Buy Snowflake Stock, and 1 Reason to Sell
The market has decimated Snowflake's stock.
Watch These AMD Stock Price Levels Following Earnings-Driven Surge
Advance Micro Devices shares moved sharply higher in premarket trading Wednesday after the chipmaker posted better-than-expected second quarter revenue and issued an upbeat sales outlook for the second half of the year. Monitor these key chart levels.