• Jul 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%.

• Jul 31, 2024

Is It Time to Buy IBM Stock?

IBM reported solid second-quarter results and boosted its full-year guidance.

• Jul 31, 2024

3 Reasons to Buy Snowflake Stock, and 1 Reason to Sell

The market has decimated Snowflake's stock.

• Jul 31, 2024

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.

• Jul 31, 2024

Forget Nvidia: 2 Tech Stocks to Buy Instead

These companies are more fairly valued and rely less on AI progression to drive business growth.

• Jul 31, 2024

5 Things to Know Before the Stock Market Opens

News of the day for July 31, 2024

• Jul 31, 2024

Terra Blockchain Restarts After $4M Exploit

A reentrancy attack briefly halted the network. It restarted after an “emergency” chain upgrade.

• Jul 31, 2024

Is Bank of America Stock a Buy?

A well-received financial update adds more momentum to this rising stock.

• Jul 31, 2024

Investors look to the Fed for clues about a September rate cut

• Jul 31, 2024

Nigerians are frustrated by economic hardship but authorities fear planned protests could turn ugly

Frustrated with growing economic hardships, Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation. The government of Nigerian President Bola Tinubu says it is determined to prevent such a scenario in a country that has long been a top African oil producer but whose citizens are among the world’s poorest. Nigeria's population of over 210 million people — the continent's largest — is also among the hungriest in the world and its government has struggled to create jobs.