Wall Street: Broadcom-Aktie unter Druck, Snowflake liefert ab
Der Ölpreis steigt, obwohl sich die Lage in der Straße von Hormus etwas beruhigt hat. Analysten erhöhen ihr Kursziel für die Softwarefirma Snowflake nach starken Zahlen deutlich.
Wall Street experienced a positive trend ahead of trading as long-term government bond yields remained stable. Federal Reserve official Waller stated he would oppose a rate hike in September, but emphasized the importance of consumer prices not rising sharply the following week. The probability of a rate increase dropped to 61 percent.
Oil prices, Brent specifically, rose to approximately 96 to 97 US dollars despite some calmness in the Hormuz Strait. About 17 to 18 million barrels passed through the Strait of Hormuz on Monday and Tuesday, compared to around 20 million prior to the war.
Broadcom, in the technology sector, was under scrutiny despite strong quarter results and improved outlooks. Meanwhile, Snowflake delivered exactly what Wall Street was seeking: revenue up by 35 percent, increasing margins and an upward revised annual outlook. Morgan Stanley increased its price target from 300 to 470 US dollars, citing growth acceleration now in its third quarter for three consecutive periods.
Half of this acceleration in product sales now comes from AI products. Today, focus remains on initial unemployment benefit applications and the ISM Service Index.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
