Amazon’s recent announcement of over 14,000 layoffs has impacted nearly every segment of the company’s extensive operations, encompassing cloud computing, devices, advertising, retail, and grocery stores. However, one job category experienced a disproportionate share of reductions: engineers. Documents submitted in New York, California, New Jersey, and Amazon’s home state of Washington indicated that close to Read More
On Monday, S&P futures displayed a varied performance following a turbulent week marked by valuation concerns, a shift in market dynamics, and a reevaluation of Federal Reserve rate cut expectations that impacted the artificial intelligence sector. Futures for the S&P 500 saw an increase of 0.1%, whereas those for the Nasdaq-100 experienced a rise of Read More
The S&P 500 advanced for a fourth consecutive session, contributing to this week’s rally following the agreement between the U.S. and China to temporarily reduce tariff rates. Treasury yields declined, offering support to stocks. The broad market index experienced an increase of 0.41%, concluding at 5,916.93. Meanwhile, the Dow Jones Industrial Average saw a gain Read More
Following the release of quarterly results by two Big Tech companies, stock futures increased on Wednesday. Dow Jones Industrial Average-linked futures increased by 138 points, or 0.3%. Nasdaq 100 futures increased 1.3%, while S&P 500 futures increased 0.8%. Due to higher-than-expected sales in the first quarter, Meta Platforms saw a more than 5% increase in extended trading. Read More
S&P 500 futures exhibited minimal fluctuations on Tuesday, following the broad market index’s achievement of its fifth consecutive day of gains on Monday. Futures associated with the broad market index remained near the flatline, whereas Nasdaq 100 futures experienced a decline of 0.2%. Futures for the Dow Jones Industrial Average increased by 171 points, representing a Read More
