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US Stocks Rise Ahead of Fed's Rate Cut Decision; Broadcom Hits $1T, Oil Drops on Weak Demand

Index Update- US stocks were up on Monday: S&P 500 +0.3%, Nasdaq +0.5%, and Dow Jones rising nearly 70 points after a slow start. Investors are eyeing the Fed's expected 25bps rate cut & updated economic projections, especially for 2025. Strong growth in services …

Team Kalkine | 17 December 2024

Mixed Market Moves Ahead of Fed Meeting: Tech Losses, Broadcom Surge, and Commodities Outlook

Index Update- On Friday, the S&P 500 closed mostly flat, while the Nasdaq gained 0.1%. The Dow dropped 86 points, extending its losing streak to seven sessions, the longest since 2020. The broader market showed mixed results amid concerns over the Fed’s policy and …

Team Kalkine | 16 December 2024

QYLD, PCEF, and XYLD: Three ETFs With Over 18% Annual Return

Exchange-traded funds (ETFs) have become a popular investment option due to their liquidity, flexibility, transparency, large fund size, relatively low fees and diversification benefits. These funds pool investors’ capital to invest in a basket of assets, such as equities, commodities or bonds, and trade …

Team Kalkine | 16 December 2024

Indie Semiconductor (NASDAQ:INDI) Eyes Over 7% Sequential Revenue Growth for Q4 2024, Outpacing Industry Trends

Indie Semiconductor (NASDAQ:INDI) provides automotive semiconductors and software for ADAS, driver automation, in-cabin, user experiences, connected cars, and electrification.

Team Kalkine | 12 December 2024

Scorpio Tankers (NYSE:STNG) Reports 72% Increase in Net Income for Q3 FY24

Scorpio Tankers Inc (NYSE:STNG) is a Monaco-based company specializing in transporting refined petroleum products. It operates in the oil and seaborne transportation sectors. It has a market cap of USD 2.53 billion.

Team Kalkine | 07 December 2024