AgFin Australia

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Big tech companies are announcing in-house AI projects

07 Feb 2023 – US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch on Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Powell’s comments on disinflation caused investors to bid shares higher last week and overlook another rate hike out of the central bank.

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Bleak news from major tech companies not enough to spoil Nasdaq’s winning streak

06 Feb 2023 – Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless announcements of mass layoffs notwithstanding, Americans haven’t been this employed in more than fifty years. The Bureau of Labor Statistics said on Friday that the US added a whopping 517,000 jobs last month and the unemployment rate dropped slightly, to 3.4% – the lowest it’s been since 1969.

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Tech earnings drive markets higher: Meta announces US$40b buy back

02 Feb 2023 – Stocks increased on Wednesday due to a change in focus from the quarter-point interest rate hike by the Federal Reserve to comments from Fed Chairman Jerome Powell acknowledging the decrease in inflation. Stock benchmarks were also boosted by strong fourth-quarter corporate earnings, with companies like Peloton and Advanced Micro Devices reporting positive result.

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Microsoft rallies after market as US trading opens with a ‘flash crash’

25 Jan 2023 – A mini ‘flash crash’ greeted traders on the opening as trading in dozens of blue-chip stocks from ExxonMobil to McDonald’s and Mastercard was briefly halted on Tuesday after problems with the New York Stock Exchange’s opening auction caused sharp swings at the start of trading. More than 75 stocks were stopped for hitting volatility limits within 15 seconds of the open.

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