Tuesday, February 4, 2025
HomeFinanceBroadcom, Micron Technology, Supermicro, Ford, and More | Global News Avenue

Broadcom, Micron Technology, Supermicro, Ford, and More | Global News Avenue

Broadcom, Micron Technology, Supermicro, Ford, and More

Main points

  • The Nasdaq climbed to a new high on Monday as technology stocks rose ahead of the Federal Reserve’s interest rate decision later this week.
  • Micron Technology shares rose on optimism following Wednesday’s earnings report.
  • Super Micro Computer Corp. announced on Friday that it would remove its stock from the Nasdaq 100 Index and reports that the server maker was looking for ways to raise capital sent its shares tumbling.

The Nasdaq climbed to a new intraday high on Monday as tech stocks rose more than expected Fed interest rate decision later this week. The S&P 500 also rose, while the Dow was little changed.

Micron Technology (exist) leads Nasdaq and S&P 500 higher on optimism earnings report Expires after market close on Wednesday.

Broadcom (AVGO) shares soar to another all-time high Earnings better than expected Last week, Bernstein analysts called it a “top pick” Artificial Intelligence (AI) Dear NVIDIA (NVDA).

Bitcoin also maintained a record pace, helping boost MicroStrategy shares (Magnetic transmission technology), the largest corporate holder of digital currency. The company also plans to Join the Nasdaq 100 Index.

Honeywell International (Medal of Honor) shares higher after aerospace, construction and safety products maker explain it is considering spin off its aerospace business.

Ultramicrocomputer (SMCI), the worst-performing stock on the S&P 500, announced on Friday that the stock would be dropped from the Nasdaq 100 amid reports that the server maker is looking for ways to raise capital.

Ford Motor Company stock (F) fell after Jefferies downgraded the stock due to inventory concerns.

Oil and gold futures fell. The 10-year Treasury yield was little changed. The dollar rose against the euro and yen but fell against the pound.

trading view


RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments