Markets today: Tech giants take wind out of stocks after rally [BNN Bloomberg (Canada)]
Piper Sandler Companies (PIPR)
Last piper sandler companies earnings: 5/1 08:04 am
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Source: BNN Bloomberg
The S&P 500 fell after briefly topping 5,500 — while still remaining above a technical threshold that typically hints at an overstretched market. The high-flying tech group that has powered the bull market came under pressure, with the Nasdaq 100 down after a seven-day advance. “Bullish momentum remains intact for the S&P 500 and Nasdaq, but near-term overbought conditions coupled with deteriorating breadth make equities vulnerable to a pullback or correction,” said Craig Johnson at Piper Sandler. Treasuries slid after coming very close to erasing this year's losses — and despite economic data that mostly pointed to weakness. U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank will return inflation to the Fed's two per cent target, but estimated it will likely take a year or two to do so. The S&P 500 edged lower, with Apple Inc. and Nvidia Corp. leading losses in megacaps. Qualcomm Inc. sank five per cent. Wall Street also geared up for Friday
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PIPR
Earnings
- 8/2/24 - Beat
PIPR
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 3
- 9/23/24 - Form 8-K
- PIPR's page on the SEC website