The stocks rise because the market grabs four -day burglaries. NVIDIA shares increase before the earnings report

Mag 7 slipped into the area of ​​the correction on Tuesday

6 minutes ago

The great seven group of the most important technology shares won on the ground on Wednesday after he moved into the correction area on Tuesday, since the concerns about slowing down growth and increased ratings in the run-up to the Nvidia quarterly income increased this afternoon.

The Bloomberg Magnificent 7 Total Return Index had declined by its all -time high on December 17th by 10.7% at the end of Tuesday. The Roundhill seven ETF (MAGS), which are constructed differently than the Bloomberg index, had fallen by more than 11% during this time.

The current slump in the ETF has been its third correction since the start in April 2023. The first was a slow, flat 12 %burglary from late July 2023 to the end of October this year. The second was a sharp drop of 18%, which began in the middle of a rotation in small cap shares in mid-July and with the yen carrying of the trade process of the beginning of August.

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– –Colin Laidley

GM increase

1 hour 18 minutes ago

General Motors (GM) shares rose on Wednesday after the car manufacturer announced a new share buyback plan of $ 6 billion and increased its quarterly dividend.

The parent of Chevrolet and Cadillac said that the repurchase had no expiry date, but it was to complete the first 2 -billion dollars until the end of the second quarter.

The car manufacturer also said that he approved a new dividend of $ 0.15 per share of $ 0.12, starting with the next quarterly payment, which was announced in April.

“The execution of the GM team is still strong in all three pillars of our capital allocation strategy, which in the business for profitable growth, maintain a strong record of the investment note and return capital for our shareholders,” said CEO Mary Barra, Mary Barra.

GM has exceeded estimates in its latest quarterly report last month, but the shares have become lower in the weeks, because concerns that tariffs and shift of guidelines in relation to electric vehicles as part of the Trump management have become lower. The analysts of Deutsche Bank stated the “aggressive share buyback” by GM as one of its reasons for improving the share last month.

The car manufacturer's shares rose by 5%about an hour after the opening bell. Almost 25% in the last 12 months. The share has increased around 23% in the past 12 months and has slightly exceeded the performance of the S&P 500 over the period.

– –Aaron McDade

To observe Bitcoin Levels when the cryptocurrency continues

2 hours ago 5 minutes ago

Bitcoin saged to a new three-month low on Wednesday morning and continued from his record high set last month because the economic uncertainty affects the mood of investors.

Since two different peaks were founded between December and January, Bitcoin's price has continued to be lower, which creates a textbook -double top pattern. In addition, a decisive breakdown under the excerpt over the above -average volume in the trading session on Tuesday confirms the formation.

It is also worthwhile to point out that the relative strength index, when cryptocurrency made a slightly higher maximum in the past month, has forged a comparatively flatter peak to signal a barical divergence, a technical event that indicates a weak price impulse.

Investors should observe crucial support levels in Bitcoin charts around $ 80,400 and 74,000 US dollars and at the same time monitor the most important level of resistance in the amount of $ 98,500 and $ 106,000.

Bitcoin recently acted with around $ 87,100, from an intraday high of $ 89,400. The digital currency fell for the first time in more than a month under 90,000 US dollars on Tuesday.

Read the complete technical analysis piece here.

– –Timothy Smith

Futures indicate higher open indices

3 hours 18 minutes ago

The futures associated with Dow Jones's industrial average rose by 0.3%in recent retail.

S&P 500 Futures rose by 0.6%.

The Nasdaq -100 -Futures rose by 0.8%.