A superconductor, which has no electrical resistance at extremely low temperatures or under high pressure, has emerged as a red-hot issue across the globe after Korean scientists r.
(Bloomberg) A strong earnings season for technology companies is going largely unrewarded in a stock market that has already priced in a rosy outlook.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapApple Faces Longest Sales Drop in Decades as iPhone SlumpsApple Surprises in China, Sets India High During Sales SlumpWith the majority of S&P 500 Ind
The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. It has risen nearly 10 percentage points since June 1, over which time the U.S. government avoided a debt ceiling default and consumer prices cooled, while growth stayed resilient.
The infrastructure behemoth fared well on most of the key parameters in the June quarter (Q1FY24). Further, the share buyback and special dividend announcement has also got them excited.
The Dow Jones Industrial Average gained for a 12th straight day on Tuesday. Only five times since 1897 has the index enjoyed winning streaks that long, according to strategist Charlie Bilello.