US stock indices rose | Boursa. Info

US stock indices rose during trading today, Thursday, and increased their gains in the wake of the issuance of strong economic data in addition to positive business results announced by Tesla and other companies. And government data revealed that the first reading of the US gross domestic product for the fourth annual quarter of 2022 … Read more

Microsoft stock is down despite the rebound in cloud computing revenue

Microsoft stock fell during trading today, Wednesday, amid pressure on the technology sector, despite the issuance of better-than-expected data revealed by the company yesterday. Net income decreased to $16.43 billion from $18.77 billion during the same period a year ago, but the company incurred costs of about $1.2 billion during the last quarter of 2022 … Read more

US stocks closed lower after weak data and interest concerns

US stock indices closed lower today, Wednesday, after weak economic data and pro-rate-raising statements from Federal Reserve officials raised fears that the bank will continue to tighten monetary policy, perhaps to the extent that it leads to a recession. Before the market opened, US economic data showed retail sales and producer prices fell by more … Read more

Tesla shares jumped by 7%..Has the price war begun?

Tesla shares rose significantly during trading today, Tuesday, with the support of the American electric car company’s announcement of its decision last week regarding the prices of its products. This comes in light of the increasing competitiveness in the electric car industry globally, as Tesla struggles to maintain the lion’s share of the market. Tesla … Read more

Morgan Stanley: Tight supply may support oil prices in the second half of the year

Morgan Stanley (NYSE:) expects the gap between supply and demand in the oil market to narrow during the third and fourth quarters of 2023, supported by a recovery in demand as a result of China’s reopening of its borders and other factors. “We expect the oil market to reach equilibrium in the second quarter and … Read more

European stocks fell at the end of the session, led by losses in the technology sector

European stocks ended Wednesday’s trading session lower, except for the British FTSE, as investors continue to assess the prospects for reopening the Chinese economy and potential headwinds in 2023. At the end of the session, the STOXX600 index fell by 0.13% to 427 points, while the German DAX fell by 0.5%, recording 13925 points. The … Read more