Wall Street managed a relief rally on Friday as inflation data came broadly in line with forecasts, helping to stem a three-day slide across major benchmarks. The rebound followed stronger-than-expected economic readings earlier in the week, including solid jobs figures and an upward revision to second-quarter growth, which had weighed on expectations for imminent policyContinue Reading

US equities closed lower on Thursday for a third straight session as rising Treasury yields and a pullback in major technology names weighed on sentiment. Oracle was again under pressure during regular trading, extending a steep multi-day decline, but the stock rebounded more than 1% after hours following confirmation that it will play a centralContinue Reading

US equities closed lower for a second straight session as selling pressure spread across the technology sector, with artificial intelligence leaders Nvidia and Oracle leading declines. The pullback came as investors questioned the sustainability of the AI trade and digested Federal Reserve Chair Jerome Powell’s caution over stretched market valuations. While some chipmakers such asContinue Reading

The S&P 500 surged to another record high on Monday as Nvidia’s $100 billion investment plan in OpenAI reignited excitement around artificial intelligence. While stocks opened lower, gains in big tech, including Apple and Oracle, powered markets back to fresh highs across all three major indexes. Political risk in Washington around a looming government shutdownContinue Reading

US equities climbed on Friday, with the Dow Jones Industrial Average and S&P 500 closing at record highs to cap a strong week fuelled by the Federal Reserve’s first rate cut since December. Investors looked past concerns over valuations and volatility, focusing instead on policy support and strong corporate momentum. The Nasdaq also advanced, ledContinue Reading

US stocks extended their rally to new record highs on Thursday as investors digested the Federal Reserve’s rate cut and a blockbuster move in the chip sector. Intel soared after Nvidia unveiled a $5 billion stake in the company, its sharpest single-day gain since 1987, helping lift the Nasdaq and S&P 500 technology sector. BroaderContinue Reading

Stocks climbed on Thursday as markets weighed a stronger-than-expected monthly inflation reading against growing signs of a slowing US economy, leaving expectations for a Federal Reserve rate cut next week firmly intact. The Dow surged more than 600 points to close at a fresh record, while the S&P 500 and Nasdaq also settled at all-timeContinue Reading

The S&P 500 achieved another record close on Wednesday after wholesale prices unexpectedly declined, fuelling confidence that the Federal Reserve will ease policy again next week. Optimism was further lifted by a historic surge in Oracle, whose upbeat results reignited momentum across artificial intelligence and cloud-linked stocks. While the Nasdaq managed to hold record territoryContinue Reading

Wall Street ended Tuesday at record highs, with investors balancing weak labour market signals against hopes that forthcoming inflation data will support rate cuts. The Bureau of Labor Statistics revealed that nearly one million jobs were overcounted in the year through March, the largest downward revision since 2002. While the figures revived questions over theContinue Reading

Wall Street extended its rally on Monday with the Nasdaq closing at a record high and the S&P 500 edging higher, setting the stage for a pivotal week dominated by US inflation releases. Gains were driven by strength in technology stocks, particularly chipmakers, while investors looked ahead to producer and consumer price data that couldContinue Reading

US equities pulled back on Friday after weaker-than-expected labour market data reinforced the likelihood of a Federal Reserve rate cut but at the same time stirred fresh concern about economic momentum. The Dow led losses, shedding more than 220 points as banks and industrials fell on signs of slowing demand. All three major indices hadContinue Reading

US equities finished mixed as a powerful rebound in mega-cap technology offset weakness in energy and banks, with an Alphabet surge setting the tone after a favourable antitrust ruling. Apple gained as its default search arrangement on iPhones was left intact, but sentiment stayed guarded ahead of Friday’s jobs report following a drop in jobContinue Reading