Tech Stocks May Lead Initial Upward Move On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 10 July 2024 09:14:59 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to see initial strength after ending yesterday?s choppy trading session little changed. Technology stocks may lead an early upward move after Taiwan Semiconductor (TSM) reported its second quarter sales surged much more than expected. Shares of Taiwan Semiconductor, which supplies chips for AI giants like Nvidia (NVDA) and Apple (AAPL), are jumping by 2.6 percent in pre-market trading. Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of closely watched consumer price inflation data on Thursday. Economists expect the annual rate of consumer price growth to slow to 3.1 percent in June from 3.3 percent in May, while the annual rate of core consumer price growth is expected to hold at 3.4 percent. Stocks show... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Federal Reserve Chair Jerome Powell is scheduled to deliver his semi-annual monetary policy testimony before the House Financial Services Committee at 10 am ET. Also at 10 am ET, the Commerce Department is due to release its report on wholesale inventories in the month of May. Whole... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly higher in cautious trading on Wednesday as investors eye the second round of testimony by Federal Reserve Chair Jerome Powell as well as key U.S. inflation readings for directional cues. Ahead of key readings on U.S. consumer inflation and producer inflation later this week, Powell reiterated before the Senate Banking Committee on Tuesday that officials seek more evidence inflation is slow... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian shares ended mixed on Wednesday, with Japanese markets reaching another record high, buoyed by a weaker yen and strong gains in technology shares as Nvidia supplier TSMC's sales surged past expectations on AI infrastructure demand. The dollar recovered from a three-week low and Treasury yields rose slightly as investors eyed the second round of testimony by Federal Reserve Chair Jerome Powell. In testimony Tuesday before the Senate Banking Committee, Powell reiterated that officials seek more evidence inflation is slowing down. His testimony comes ahead of key readings on U.S. consumer inflation and produ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.06 to $81.47 a barrel after slumping $0.92 to $81.41 a barrel on Tuesday. Meanwhile, an ... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49