Stock Market News Today: Stocks Surge on Tech Rally, Hot Jobs Report
Meta's stock surged by 20% on Friday, and strong jobs data fueled investors with optimism around the health of the US economy.
Source: businessinsider.com
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FTSE 100 today: London markets likely to soar on the heels of global tech rally
Global stocks surge in a tech rally, oil prices dip, and Bitcoin hits a five-week low. Attention now shifts to UK retail sales and U.S. Michigan Sentiment data.
Source: cityam.com
Nvidia Is Still Is One of the Cheapest Ways to Invest in AI, Analyst Says
"You talk about the stock tripling, look how much the earnings went up — the earnings went up, I don't know, six or seven times," Stacy Rasgon said.
Source: businessinsider.com
IT giants add $22 billion to market cap in just 2 days
Led by industry heavyweights TCS Infosys, the four key software companies, have added about $22 billion in market value in just two trading sessions since Thursday, when the Q3 earnings season kicked off. A potential revenue rebound and easing global macroeconomic worries have boosted sentiment.
Source: indiatimes.com
It Stocks: IT giants add $22 billion to market cap in just 2 days, ET Telecom
It Stocks: Shares of Wipro Ltd. rallied as much as 14% on Monday, their biggest intraday gain since July 2020 before paring gains, as the surprise revenue beat triggered rating upgrades from some brokerages. HCL Technologies Ltd. surged to a new all-time high, boosted by its forecast for improved revenue growth.
Source: indiatimes.com