US Futures and Asian Stocks Advance Following a Rally on Wall Street – WTOP News
Investors awaited the Federal Reserve decision as South Korea and Japan led regional gains, while AI-related stocks moved unevenly ahead of big tech earnings.
- South Korea's Kospi jumped more than 4% and Tokyo's Nikkei 225 added 2.2% as Asian markets rallied Tuesday, buoyed by optimism ahead of major corporate earnings and a Federal Reserve decision.
- Alphabet, Microsoft, and Amazon are scheduled to report earnings this week, while The Fed prepares to decide on interest rates Wednesday without expected changes to the federal funds rate.
- Meta Platforms outlined plans to raise $35 billion for AI investments, while Nvidia, Advanced Micro Devices, and Broadcom indicated potential $5 billion stock purchases. SpaceX separately announced a roughly $40 billion computing-power deal.
- The Bovespa fell roughly 14% after President Luiz Lula won reelection, prompting investor concerns over increased government spending and debt pressure. Treasury yields eased to 4.98% from 5.00% late Friday.
- Despite a 0.7% rise in the broader market and a 2.4% gain for Nvidia, the AI industry remains unsettled amid concerns over expensive borrowing costs for data centers and chip production.
19 Articles
19 Articles
HONG KONG (AP) — Asia’s stock exchanges registered increases for the most part on Tuesday, following an upturn on Wall Street driven by artificial intelligence and awaiting important corporate results and bank decisions...
US futures and Asian stocks advance following a rally on Wall Street – WTOP News
HONG KONG (AP) — Asian stocks were mostly higher Tuesday after an AI-led rally on Wall Street ahead of major corporate earnings and central-bank decisions. U.S. futures edged higher and oil prices extended losses. South Korea’s Kospi jumped more than 4% and was trading 3.6% higher at 5,667.99 by midday. Computer chipmaker SK Hynix surged...
Winnipeg Free Press
US futures and Asian stocks advance following a rally on Wall Street
HONG KONG (AP) — Asian stocks were mostly higher Tuesday after an AI-led rally on Wall Street ahead of major corporate earnings and central-bank decisions.
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