?? Baidu Exceeds 200 Million Users
S&P 500 5,061.82 -61.59 (-1.20%)
Dow Jones 37,735.11 -248.13 (-0.65%)
NASDAQ 15,885.02 -290.08 (-1.79%)
Market close: April 15, 2024
Breaking News
Baidu has announced its ChatGPT-like Ernie bot has exceeded 200 million users. CNBC reports.
The Warm Up
Zuckademy: Meta will launch a new software for educators that aims to make it easier to use its VR headsets in the classroom. The tools will let teachers manage and program multiple Quest headsets at once. CNN reports.
Hawaii-Electric: The tropical island state this year ranks fifth in overall U.S. EV adoption at 11.9% of new retail vehicles sold through February. CNBC reports.
GoldRush: Shoppers flocked to Costco for gold bars as investors drove gold prices to a record high on Friday, the latest surge in a 17% rally so far this year. ABC reports.
Teslump: Tesla shares slumped in premarket trade after reports the firm will lay off more than 10% of its global workforce. Tesla had 140,473 employees as of December 2023. CNBC reports.
ChipFunds: The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking. Reuters reports.
MetaShift: Social media giant Meta has lowered the minimum age to use WhatsApp from 16 to 13 in the UK and EU. Critics accused Meta of "putting shareholder profits first and children's safety second". Sky News reports.
What’s Moving the Markets
Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.
Bottom Line for Investors
Higher oil prices are not without risks. The U.S. economy is at a point in this cycle where inflation needs to remain steady or continue trending downward so that the interest rate outlook and expectations for rate cuts in 2024 remain intact. Since oil is used in the production of everything from plastics, fertilizers, and of course gasoline, higher crude prices can impact the cost of travel, food, and other goods and services that exist downstream. This could pinch consumer spending, delay the Fed’s policy loosening plans, and ultimately disappoint markets. These are all real possibilities, in Mitch Zacks view, and I think it’s possible we will see volatility this summer if uncertainty persists—especially given the U.S. presidential election looming in the background.
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on April 15.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $KAVL: Kaival Brands Innovations
Total gain: (135%)
The stock appeared to be moving on no notable news.
2. $LGVN: Longeveron
Total gain: (75%)
The company announced that it has been accepted for a featured research oral presentation to present the company's CLEAR MIND Phase 2a study results. Benzinga reports.
领英推荐
3. $KUKE: Kuke Music
Total gain: (48%)
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars
IBKR Interactive Brokers
Group 1Q 2024
After Market Close Estimate: 1.63 Actual: N/A
MS Morgan Stanley
1Q 2024
Before Market Open Estimate: 1.68 Actual: N/A
UAL United Airlines Holdings
1Q 2024
After Market Close Estimate: -0.56 Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
8:30 am Housing starts
March
8:30 am Building Permits
March
1:15 pm Federal Reserve Chair, Jerome Powell, speaks
Extra-Time
Visit Our Knowledge Corner
Parting Thoughts
“Risk comes from not knowing what you’re doing.”
— Warren Buffett
Sourced in: Investing Like Warren Buffett By Tunweer Malik · 2009
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