Shares Slip in Asia as Oil Climbs, Rate Hikes Loom
- The Nasdaq Composite surged to a record-high close on Monday, lifted by Advanced Micro Devices, which reached a $1 trillion market capitalization for the first time.
- AI-Related stocks drove the gains, with Intel surging 12.2%, Arm Holdings rising 17%, and Meta climbing 11.4% after launching its Muse AI assistant, signaling continued expansion in AI spending.
- California Attorney General Rob Bonta confirmed Monday that Paramount Skydance reached a settlement with California and 11 other states to advance its $110 billion merger with Warner Bros Discovery.
- Market strategist Art Hogan of B. Riley Wealth said oil prices and US 10-year yields have "shifted from being headwinds to tailwinds for this market, at least in the near term."
- This week's United Nations General Assembly in New York may feature a meeting between President Donald Trump and Iranian President Masoud Pezeshkian, while a potential Chinese-US summit could address extending the trade truce.
341 Articles
341 Articles
Nasdaq hits record high as AI chip rally lifts tech stocks | Honolulu Star-Advertiser
The Nasdaq surged to a record-high close today, lifted by gains in Advanced Micro Devices and other AI heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low on speculation about a potential breakthrough in Middle East talks at a UN meeting this week.
Hartford Courant
Wall Street pulls within 1% of its record after oil prices and bond yields ease
U.S. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week.
Stock markets climb worldwide after oil prices and bond yields give back some of last week's jumps
U.S. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week. The S&P 500 rose 0.6% Monday and pulled within 1.3% of its all-time high set…
Can AI Optimism Offset the Market Shock From Rising Oil Prices?
Global stocks recovered on Monday as stronger evidence of artificial intelligence demand boosted technology shares, while a retreat in oil prices eased some of the pressure that has weighed on global bond markets. MSCI’s All World index rose 0.3%, while European shares gained 0.75%. US stock futures also advanced, with Nasdaq futures up nearly 1% […]
FTSE 100 Live: Stocks to drop after oil losses weigh on BP, Shell
Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index is set to fall on Monday morning, according to futures from investment platform IG. This would see the FTSE 100 extend the heavy losses it suffered on Friday, when the index closed 1.5 per cent lower. Falling oil prices pushed down BP and [...]
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