Market Overview

Global stocks are pointing in opposite directions currently ahead of an upcoming address by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium. Wall Street ended lower on Thursday amid mixed data. Meta shares slid 1.15% amid reports that the Facebook parent is freezing AI hiring, Alphabet shares added 0.2% on Thursday outperforming market amid reports Meta Platforms has signed a six-year cloud services deal with Google parent to use Google cloud services for its artificial intelligence workloads and more.

Equity indexes are trading in opposite directions currently after Wall Street ended lower again on Wednesday. Meta shares slid 0.5% amid reports the Facebook and Instagram parent company has become a major target for short sellers with the highest year-to-date gain in short interest at $11.0 billion which is more than the next five companies combined, Tesla shares fell 1.64% on Wednesday underperforming market as Elon Musk said the new slightly larger, six-seat Model Y L that was launched in China late Monday with a starting price of around $47,180 would only come to the US at the earliest by late 2026 and warned the new vehicle may "never" come “given the advent of self-driving in America."

Global equity indexes are pointing in different directions currently after Wall Street ended mostly lower on Tuesday. Nvidia shares dropped 3.5% underperforming market despite Morgan Stanley raising its price target on Nvidia to $206.00 from $200.00 while maintaining an “Overweight” rating on the stock , Apple shares slipped 0.14% on Tuesday.

Global equity indexes are trading in opposite directions currently ahead of Federal Open Market Committee members speeches starting at 16:00 CET today. Wall Street ended little changed on Monday. Alphabet shares slumped 0.3% underperforming market while BMO Capital reiterated an “Outperform” rating and $225.00 price target on Alphabet ahead of antitrust decision after US court found Google guilty of illegally maintaining its search monopoly in general search and search text advertising through exclusionary default agreements, Microsoft slid 0.59% on Monday despite Truist lifting its price target for Microsoft shares to $675 from $650 on Monday citing the company’s sustained momentum in cloud and artificial intelligence.

Equity indexes are trading in different directions currently after Wall Street finished mixed on Friday amid mixed economic data. Apple shares slid 0.5% underperforming market amid reports Warren Buffett’s Berkshire Hathaway resumed selling shares of the iPhone maker in the second quarter, cutting its stake by $4 billion to 280 million shares worth $57.4 billion, Tesla shares fell 1.5% on Friday ahead of upcoming expiration of the federal $7,500 EV tax credit for Tesla models set to lapse in September for several models due to battery sourcing thresholds.

Global stocks are pointing in opposite directions currently after Wall Street ended at fresh record high on Thursday despite hotter than expected producer prices data. Amazon shares surged 2.87% after the company announced expansion of same-day delivery to more than 1,000 US cities and aiming for 2,300 by year-end with Prime members getting free same-day delivery on orders over $25 as Amazon dropped the prior $9.99 Prime grocery add-on, Intel shares rallied 7.4% on Thursday outperforming market amid reports after a meeting between president Trump and Intel CEO Lip-Bu Tan White House is considering taking a stake in the struggling chipmaker following Intel warning last month that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories.

Equity indexes are trading in opposite directions currently after Wall Street rally continued on Wednesday. Alphabet shares slid 0.68% underperforming market as the Google parent announced a $9 billion investment in Oklahoma over the next two years aimed at expanding its cloud and artificial intelligence (AI) infrastructure, Microsoft shares fell 1.64% on Wednesday amid news of a lawsuit against the tech giant over its lack of ongoing support for Windows 10 after its planned end in October requesting that Microsoft continue support for Windows 10 until its user base drops below 10% of all Windows users.

Global equity indexes are advancing mostly currently after Wall Street rallied to new all-time highs on Tuesday on the back of mild inflation report. Nvidia shares gained 0.6% underperforming market after reports  previous day  on artificial intelligence chip leader's deal that secured a license to sell its H20 AI chips in China in exchange of paying 15% of the revenue from chip sales in China to the US government, Apple shares rose 1.0% on Tuesday after Bank of America reiterated the previous day its “Buy” rating on Alphabet with a price target of $217.00.

Global equity indexes are trading mostly up currently ahead of July US inflation report at 14:30 CET today. Wall Street dipped on Monday. Apple shares slumped 0.95% underperforming market amid reports a class action lawsuit against Apple and several of its senior executives has been filed alleging Apple publicly promoted Siri’s enhanced AI integration as if it were ready for deployment during the upcoming product cycle while the company lacked a functional prototype of these features and understated the time needed to integrate them into its devices, Tesla rose 2.19% on Monday on rising Model Y demand indications as evidenced by Tesla's order backlog data showing Model Y wait times have stretched to four-to-six weeks, up from one-to-three earlier this summer.

Equity indexes are trading in different directions currently after Wall Street finished higher on Friday. Apple shares rallied 4.2% outperforming market as the iPhone maker pledged to make $100 billion investment in US, Nvidia shares rose 1.1% on Friday.