Markets Power Ahead on Bullish Momentum, Shrugging Off Political Noise and Eyeing Tech Earnings & IPO Boom.
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Overall, Market Sentiment Remains Strongly Bullish Despite Political Tensions and Tech Restrictions.
Additionally, our AI continues to detect bullish momentum in selected individual stocks.
Here’s a breakdown of key stock events by our AI Event signal for today, 8/4.
The Must-Know News Stories for Today, 8/4.
Our AI cuts through the noise, saving you 16 minutes by delivering the heart of today’s events in seconds!
CNBC
BearishShortTermS&P 500Economic
Trump stokes conspiracies about jobs data, as White House defends firing BLS chief
- Trump claimed latest jobs report was 'rigged', sparking market instability.
- BLS commissioner was fired after poor job figures, raising data integrity concerns.
- Hassett suggested replacing BLS economists for better data reliability.
- Historical precedent shows revision of jobs data is common and expected.
- Trump ties jobs report integrity to broader political trust issues.
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Full ArticleBenzinga
BullishShortTermPLTREarnings
20 national security experts urge Trump administration to restrict Nvidia H20 sales to China
- Palantir's Q2 earnings report due soon affects investor sentiment.
- Stock is up 110% YTD, nearing a 52-week high.
- MACD indicates a bullish trend, RSI suggests overbought conditions.
- Wall Street expects EPS of 14 cents on $939.71 million revenue.
- Earnings results may lead to either a breakout or correction.
Market Watch
BullishShorttTermIPOCorporate Developments
Figma’s IPO success could push Canva and these other software companies to go public - MarketWatch
- Figma's record IPO shows strong investor demand for new listings.
- Many software companies may pursue IPOs in the next year.
- Institutional investors may push for exits amid favorable market conditions.
- Market volatility could threaten upcoming IPO opportunities.
- Musk foresees actual chip output exceeding initial projections.
- Canva and Databricks are potential candidates for soon-to-be IPOs.
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