![]() The yield on the 10-year Treasury, which is the centerpiece of the bond market, dipped to 4.40% from 4.44% late Friday. Much of that rise has been because of excitement around AI, and Nvidia’s report could offer clues on how much all the talk about AI is translating into actual sales.īest Buy, Deere, HP and Lowe’s also will give their latest quarterly updates this week. Nvidia, which rose 2.3% on Monday, carries huge sway on the S&P 500 and other indexes because it’s the fifth-most valuable U.S. Analysts expect it to say its earnings per share more than quintupled from a year earlier and that its revenue soared to nearly $16.2 billion from less than $6 billion. That could make Nvidia’s upcoming profit report on Tuesday the week’s highest-profile event. business activity on Friday are among the highlights. Other than that, the release of the minutes from the Fed’s latest policy meeting on Tuesday and preliminary reports on U.S. ![]() government will release its weekly update on jobless claims on Wednesday instead of the usual Thursday. Cuts to rates tend to act like steroids for financial markets and offer oxygen across the financial system. ![]() Traders also are moving up their expectations for when the Fed could actually begin cutting interest rates.ĭespite Fed officials saying they may keep rates high for a while to ensure high inflation is definitively beaten, traders are thinking the first cut to rates could happen by early summer or maybe even by March. Investors are convinced that inflation is cooling enough for the Federal Reserve to finally be done with its market-crunching hikes to interest rates. This week is relatively light on reports that could sway the hopes on Wall Street that have underpinned that drop in Treasury yields. Easing Treasury yields have driven a strong rally for stocks in recent weeks. Stocks broadly drifted higher throughout the day before they took a turn upward in the afternoon when yields fell in the bond market following an auction of Treasurys. Microsoft said it will also continue its partnership with OpenAI, as fervor around artificial-intelligence technology and the huge profits it’s expected to create wow Wall Street. Microsoft was the strongest force pushing the market higher, and it rose 2.1% after saying was hiring Sam Altman for a new venture following his sudden dismissal as CEO of OpenAI. The Dow Jones Industrial Average added 0.6% to 33,151.04 and the Nasdaq composite climbed 1.1%, to 14,284.53. On Wall Street, the S&P 500 gained 0.7% to 4,547.38, coming off its third straight winning week. Tokyo's benchmark Nikkei 225 edged down nearly 0.1% to 33,362.07. ![]() will catch a break, if not stage a turnaround in particular, as Beijing steps up stimulus efforts to backstop the downward spiral in the wider housing eco-system,” Tan Boon Heng of Mizuho Bank said in a commentary. “Hopes continue to build that China’s unabating and deepening property slump. Hong Kong’s Hang Seng jumped 1% to 17,958.33, while the Shanghai Composite added 0.5% to 3,082.30. The moves to facilitate more lending come as the real estate industry remains mired in a crisis brought on by a crackdown on excessive borrowing and worsened by a broad economic slowdown. futures were higher while oil prices fell.Ĭhinese markets were lifted by a report in the financial magazine Caixin that regulators have drafted a list of property developers who will be able to tap low-cost financing. For more information, visit View source version on businesswire.TOKYO (AP) - Asian shares were mostly higher on Tuesday after a rally on Wall Street led by gains in Microsoft following its announcement that it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. The earnings conference call will also be webcast live and interested parties can join the live webcast through Shift4’s website at: Īs previously announced, the live audio of the earnings call will be simulcast on X (formerly Twitter). Management will host a conference call today, November 8, 2023, at 8:30 a.m. ![]() Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has posted its third quarter 2023 financial results as part of its Q3 2023 Shareholder Letter, which can be viewed here or by navigating to the Financials section of its Investor Relations website at. ![]()
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