Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.
Tag: Stocks
Wall Street’s major indexes rose with broad-based gains on Wednesday after two straight sessions of declines, as a sharp retreat in oil prices aided sentiment while investors awaited Micron’s earnings.
The Nasdaq and the S&P 500 fell to over one-week lows, dragged down by sharp losses in semiconductor stocks as investors braced for a more hawkish Federal Reserve and scrutinized growing debt-funded AI spending.
The S&P 500 and the Dow inched higher on Monday, led by technology and financial shares, as investors assessed progress in the latest round of U.S.-Iran negotiations.
Gold prices fell on Friday, putting the yellow metal on track for a third straight weekly decline, pressured by a firmer U.S. dollar and a hawkish Federal Reserve.
Global shares dipped on Friday after U.S. and Iranian negotiators called off peace talks, while the risk of official Japanese intervention simmered as the yen traded on the brink of a 40-year low.
U.S. stocks rebounded on Thursday with semiconductor shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve under new Chair Kevin Warsh.
Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties still hovered.
U.S. stock indexes lost some ground on Wednesday, after the Federal Reserve left interest rates unchanged, as expected, but signaled a rate hike later this year after the first meeting led by new Fed Chair Kevin Warsh.
The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon’s market value to become the fifth most valuable U.S. firm.