Stocks · News reference
Major U.S. indices closed higher, with the Dow Jones Industrial Average gaining 0.74% to 52,224.64.
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Citrini Research predicts a Treasury twist in the market, with banks replacing the Fed as buyers of government debt, leading to a potential short squeeze on 30-year bonds.
Read original at benzingaWhile 90-day delinquent credit card balances have nearly doubled since 2022, reaching levels not seen since the Great Recession, a Federal Reserve analysis reveals the situation is more nuanced. New delinquency rates have remained stable since 2024, suggesting most consumers are managing through the difficult period. The increase in 90-day delinquencies appears driven by lenders reporting delinquent debts longer before charging them off, rather than a surge in new defaults. Financial strain is concentrated among those already struggling.
Read original at the-motley-foolWolfe Research analyst Darrin Peller maintains Capital One Financial (NYSE:COF) with a Outperform and raises the price target from $255 to $275.
Read original at benzingaDan Loeb increased his Capital One stake as Warren Buffett's Berkshire Hathaway sharply reduced its position during the second quarter.
Read original at benzingaDell Technologies is positioned for strong earnings growth driven by surging AI infrastructure demand. The company achieved record Q1 revenue of $43.8 billion (88% YoY growth) and holds a record $51.3 billion AI server backlog. With hyperscalers like Meta and Microsoft spending heavily on data centers, Dell's Q2 earnings announcement on Sept. 1 could exceed guidance, potentially driving the stock higher.
Read original at the-motley-foolDell Technologies shares are in focus Thursday with earnings due, analyst activity, 200‑day average nearly 95% above trend and Edge Rankings.
Read original at benzinga