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S&P expects trade relations between Mexico and the United States to remain strong. Uncertainty surrounding the renegotiation of free trade agreements is dampening investor sentiment.S&P downgraded Mexicos rating outlook to "negative" due to reduced fiscal flexibility, while affirming its "BBB" foreign currency rating.Nvidia (NVDA.O) will hold its annual online conference on June 24.May 13 - According to SEC filings, Nvidia (NVDA.O) President and CEO Jensen Huangs total compensation for fiscal year 2026 is $36.3 million.On May 13th, U.S. chip stocks experienced one of their toughest trading days of the year on Tuesday, with some of the markets best-performing stocks experiencing dramatic reversals. Broadcom (AVGO.O), Intel (INTC.O), and Micron Technology (MU.O) were among the five worst-performing stocks in the S&P 500 and Nasdaq 100 indices. The Philadelphia Semiconductor Index, which has risen more than 60% year-to-date, fell as much as 6.8% intraday, its biggest intraday drop in over a year, before ultimately closing down 3%. Almost all of its components closed lower, with Qualcomm (QCOM.O) leading the decline with an 11.4% drop. The only gainer was Nvidia (NVDA.O), which has underperformed the sector as a whole this year. Murphy, co-head of derivatives strategy at Susquehanna International, said, "The historic rally in chipmakers cant last forever. This sell-off was due long ago after the incredible surge, but because the market is still gripped by FOMO, this pain may not last long."

Futures on the Dow advance as indices extend their gains for a fourth session

Haiden Holmes

Sep 13, 2022 11:07

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Futures for U.S. equities increased on Monday evening, following four consecutive sessions of benchmark index gains, as investors remained optimistic ahead of Tuesday's consumer price index announcement.


At 11:20pm ET (7:20pm GMT), Dow Jones Futures increased 0.1%, while S&P 500 Futures and Nasdaq 100 Futures each rose 0.2%.


Oracle Corporation (NYSE:ORCL) rose 1.4% among reporting corporations after announcing Q1 EPS of $1.03 versus the consensus estimate of $1.08 and sales of $11.45 billion versus $11.3 billion.


Rent the Runway Inc (NASDAQ:RENT) plummeted 22.9% after reporting second-quarter losses of $0.53 per share, which were less than the consensus forecast of $0.65 per share. $76.5 million in revenue was reported as opposed to the expected $73.57 million.


Planet Labs PBC (NYSE:PL) rose by 8.9% and announced per-share losses of $0.15, which were worse than the consensus forecast of $0.14. Revenue increased to $48.5 million from $42.4 million.


Braze Inc (NASDAQ:BRZE) reported Q2 losses per share of $0.16, which was better than the average expectation of $0.20. The actual revenue was $86.1 million compared to the forecasted amount of $81.16 million.


In anticipation of a 0.1% monthly fall in headline inflation, market participants will closely examine the August CPI report before Tuesday's session.


During Monday's regular trading session, the Dow Jones Industrial Average rose 229.6 points, or 0.7%, to 32,381.3. The S&P 500 rose 1.1% to 4,110.4, while the NASDAQ Composite rose 1.3% to 12,266.4.


On the bond markets, the 10-Year yield for the United States was 3.358%.

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