Meme stocks pare gains
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Toyota, Global Auto Stocks Rally
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500, New York Stock Exchange
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Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.
Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
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Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.
JPMorgan said the speed at which some stocks have become overcrowded is the fastest in 30 years. It flagged retail favorites like Palantir and Coinbase.
Technical indicators point to more gains, while increased capital spending in the oil patch is seen as a positive for the companies.
US stocks will shrug off tariff risks to get a boost from the second-quarter earnings season, the latest Markets Pulse survey showed.
Individual investors are flocking to social media to cheer on a new group of oddball stocks and squeeze the short sellers; ‘Let’s goo!!’ says Hot-Ticket9440.