S&P 500 ends down; Apple dips ahead of quarterly report
- On Monday, major U.S. stock indexes rose as Wall Street recovered from October's weakness, with the S&P 500 gaining 0.6% and the Dow Jones Industrial Average climbing 1%.
- Brent crude prices fell 7.4% to $105.03 on Monday, sparking optimism among investors betting on US-Iran peace deal progress and easing Middle East supply concerns.
- Marvell Technology announced an all-stock deal to acquire Lumentum for roughly $115 billion, though shares in both companies fell as investors weighed the massive AI infrastructure commitment.
- Apple shares dipped 1.5% ahead of quarterly earnings due after the bell, serving as a critical test for technology sector momentum following October's steep declines.
- Tuesday's U.S. midterm elections and lingering concerns over massive AI spending will keep markets cautious, as investors reassess whether technology giants' infrastructure investments justify their valuations.
251 Articles
251 Articles
US midterm blue tsunami jolts Asian markets as tighter AI, fiscal scrutiny looms
A comprehensive victory for the Democrats in the US midterms has jolted asset classes from stocks to bonds and commodities in Asia, as investors expect the US Congress to tighten scrutiny over the AI industry and government spending. Stocks in the region closed mixed on Wednesday, with investors bracing for heightened US regulatory oversight over the AI buildout. US Treasury yields fell on optimism that a Democratic-controlled Congress might res…
The Democrats' biggest midterm victory since at least 2006 and their clear lead in both houses of Congress surprised markets, which had been worried about the uncertain political landscape in the United States for some time. Market reactions in the immediate aftermath of the election suggest that not all fears have been dispelled.
The defeat of President Donald Trump's Republican Party in the congressional elections was quickly reflected in the currency markets.
We read the business news and check the stock prices from the morning. Here is your complete Business overview.
The MSCI index of Asia-Pacific shares, excluding Japanese shares, is down 0.5 percent, and the prices of shares of AI companies and chip manufacturers such as AMD fell the most.
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