Nvidia, Wall Street
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Futures on Wall Street have tanked in the early hours of Friday morning Indian time, after US President Donald Trump teased a 'major statement' he intends to make on Russia on Monday. The Dow futures are down over 200 points,
Among Thursday's market movers, Delta Air Lines ( DAL) is up +13.6% after topping Q2 estimates and setting profit guidance ahead of expectations. United Airlines ( UAL) +16 and Southwest Airlines ( LUV) +8.8 are also among the S&P 500's top gainers.
Indeed, the rise of artificial intelligence (AI) should be a tailwind for the technology sector, and most Wall Street analysts anticipate substantial gains in these Nasdaq stocks: Among 31 analysts who follow AppLovin ( APP -1.86%), the median target price of $470 per share implies 40% upside from the current share price of $335.
1don MSN
Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.
Asian shares are mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.
Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.