2,000, an obvious milestone even if we dip back toward that level at the close, im going to focus not only one everyone is worried about, but on what got us to tease lofty heights. Namely, profits. Corporate profits growing at accelerating speeds, or else. On a day when the dow gained 76 points, s p claimed. 48 , still a record high, and the nasdaq jumped. 41 , i think we need a respite from the nonstop chatter about how the fed is behind the curve or how the fed is the chief reason why stocks arent going up. This is what the market would sound like if it werent for the fed. The truth is, the endless search for earnings and Revenue Growth is whats driving prices higher. Thats now a neverending pursuit that keeps powering the entire stock market to levels not even dreamed about a few short years ago. Seems to me that ever since the big bottom in the s p in 2010, at 1,150, in retro speck, the u. S. Debt downgrade, weve been besieged by lecturers who dont believe in the market strength an
This would of course slow that samsung has been powering ahead. Its been a difficult couple of quarters for the tech giant as apple introduced new products and samsung raced to catch up. It did so in march introducing the flashy new s 6 and other mobile devices. Other divisions we cant ig new york the chip, Semiconductor Segment of the business doing quite well. Very profitable area and then the Consumer Electronics ands mobile business. Rishaad, all these results out tomorrow. Well be covering them from top to bottom but today, investors very optimistic. Seeing samsung perhaps returning to some of its old glory. Rishaad in record regard to that s 6 you told me about, and as it tries to take on apple, not just on the high streets but in the courthouses as well mblings. Well, apple could actually benefit . Zeb yes, samsung and apple are competitors but in many ways customers of each other. In this latest leg battle. Separate from their fouryear battle with Patent Technology a texasbased
Will put a dent into teslas sales. You may be surprised on that one. Strong quarter for home depot, boosted by a resurgent home remolding sector. Is the stock, a buy, sell or a hold. Oldschool debate coming up. First lets check in with sue at the new york stock exchange. Hi, sue . Hi, ty. Good to see you and that big story is a developing one. Jpmorgan expected to sign today a 13 billion agreement with the government to settle claims that it overstate the quality of mortgages to investors during the housing boom. Lets take a look at where the stock has traded, up just over 1 . Kate kelly at jpmorgan headquarters in new york city. Kate, the street anyway, seems to be happy that at least this part of the whole saga may be behind jpmorgan . Yes, were getting close, sue and i think youre right. Investors are cheering the idea of a formal resolution to this although the 13 billion pack has been anticipated for a number of weeks now and, in fact, some portions of it have already been agreed
MILPITAS, Calif. March 11, 2024 SEMI, the industry association serving the global electronics manufacturing and design supply chain, today announced the election of four new Semiconductor Climate Consortium (SCC) Governing Council members and an expanded membership. Beginning their two-year terms immediately, the new SCC Governing Council members join those elected last year in guiding the Consortium…
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