U.S. stock futures rise
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It could be the next company to pass the $3 trillion milestone thanks to its accelerating cloud growth and soaring earnings. Amazon's cloud business just grew at the fastest pace in three years, thanks to artificial intelligence.
In terms of flight testing, the company is nearing completion of the CTOL or Conventional Take-off/Landing phase, reading the company to commence Vertical Take-Off/Landing or VTOL testing. The company is also closing in on the TIA testing, which is Type Inspection Authorization and means that FAA pilots are on board of the aircraft.
U.S. stocks remained under pressure in premarket trading on Friday as markets in Europe and Asia also sold off. As investors wonder how much lower the market can go, Tom Essaye, founder and president of Sevens Report Research,
ASML Holding trades above $1,000 per share and hasn't split its stock in over a decade. Meta Platforms could soon be due for its first stock split as it surges toward $700 per share. Stock splits have made a comeback.
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What an earnings season it’s been for mega-cap tech stocks. Earnings beats, guidance raises, and expectations of future revenue and profit growth led many of the most closely-watched tech giants to see some meaningful price appreciation following the release of their results.
Third quarter earnings season is in full swing, and analysts expect S&P 500 companies grew their profits by 8% during the quarter.
Value stocks were trading up slightly Friday afternoon while growth equities remained under selling pressure. The Russell 1000 Value Index was edging 0.1% higher, while the Russell 1000 Growth Index dropped a sharp 1%,
MP Materials stock was dropping after the rare-earths miner’s earnings report. USA Rare Earth stock was also falling after it reported third-quarter numbers.
Shares of Block slumped Friday after the fintech company’s third-quarter results fell short of Wall Street’s expectations on the top and bottom lines.
Tuesday, Nov. 11 is Veterans Day in the United States. Here's what to know about whether the stock market will be open or closed.