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The market landscape shifted dramatically late yesterday as MongoDB Inc., the popular developer data platform, delivered an earnings report that blew past Wall Street consensus, sending its stock rocketing up by a staggering 24%. It was a classic “beat and raise” that reminded investors, yet again, of the enduring strength in targeted cloud-adjacent software plays. […] More

AI Infrastructure Deal Ignites Market Rally The tectonic shift in demand for AI infrastructure just produced a new market blockbuster, setting off a chain reaction across tech and chip manufacturing stocks. Shares of data center provider Iren surged a staggering 22% Monday after the firm struck a definitive, five-year agreement with Microsoft to supply the […] More

Wall Street edged higher after the data showed progress on inflation and labor market conditions. The U.S. stock moves positively this Friday as it reaches the midday trading sessions. The Bureau of Statistics released June’s PCE report, the most anticipated economic report this month. As expected, inflation is collapsing. In June, the U.S. PCE price […] More

Wall Street Displays Mixed Reactions Amid Concerns Over the Chinese Economic Downturn The S&P 500 benchmark and Nasdaq head to close the week with a low session; both indexes fell on Friday’s trading session. The Fed still stands up and sends suggestions that interest rate hikes will continue. As of 14:40 a.m. NY, the S&P […] More

Wall Street Bears the Brunt of Monetary Policy as the bond market achieves its highest level since 2008. With inflation still well above the targeting rate, the Fed fight isn’t over, yet this has a significant effect on the bond market. The yields are crazy rising, the rally is not over, and the 10-year Treasury […] More

Wall Street Rises on Strong Earnings; Tech Stocks Surge on Meta Gains; Dow Jones Extends Winning Streak The latest U.S. GDP number for the second quarter was scheduled for release this morning at 8:30 a.m. ET. Wall Street edged higher after better-than-expected earnings reports from Meta Alpha and travel stocks. Delivered mixed and disappointing results. […] More