Shares were up modestly on Friday, with the Dow Jones Industrial Average hitting its 2020 low and the S&P 500 index on another record near track, as investors outperformed U.S. consumer spending and confidence data a day after the Federal Reserve announced a policy shift. Checked. It will allow employment …
Read More »Analysts hold workday stock rallies to record price targets on strengthening in the cloud
Workday Financial Management Desktop Product Work day Shares of Workday Inc. set new records on Friday after nearly three-quarters of analysts raised their price targets on the human resources cloud-software software company following earnings reports and outlook. WORKDAY WDAY, + 14.29% The stock rose more than 14 per cent to …
Read More »Two risks of the stock market are hidden in Apple, Amazon, Facebook and Alphabet.
Bulls in the stock market are giddy. What is there no to be happy: the stock market mostly goes up, and making money seems easy. While newly minted investors focus on accumulating small, speculative stocks, institutions hide in large-cap tech stocks. For prudent investors, now is the time to understand …
Read More »Stock futures rise after Big Tech offers windfall profits
Stock index futures were aiming for a higher start for Wall Street on the last day of July on Friday after Apple and Amazon made windfall profits and Facebook and Alphabet, Google’s parent, beat expectations. However, the lack of progress in Congress on another financial aid bill, the continued increase …
Read More »Asian markets fall after bleak US GDP data.
Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling the consequences of …
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