US Futures and Asian Stocks Advance Following a Rally on Wall Street
- 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 the Federal Reserve's policy decision.
- Investors are focusing on this week's earnings reports from Alphabet, Microsoft, and Amazon, while awaiting The Fed's decision on interest rates Wednesday. Roughly one out of every three S&P 500 stocks is scheduled to report quarterly results this week.
- Meta Platforms outlined plans to raise $35 billion by selling stock to fund AI investments, while Nvidia, Advanced Micro Devices, and Broadcom indicated potential $5 billion stock purchases. SpaceX separately announced a roughly $40 billion deal with Apollo Global Management to lease computing power.
- The Bovespa fell roughly 14% after President Luiz Lula won reelection, as investors worried he could increase government spending and pressure Brazil's debt. Treasury yields eased to 4.98% from 5.00%, reflecting broader bond market softening.
- Despite the broader S&P 500 rising 0.7% and Nvidia gaining 2.4%, the artificial-intelligence industry remains unsettled amid concerns about rising borrowing costs for data centers and chip production. Profit reports this week could clarify whether AI spending is delivering promised returns.
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27 Articles
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The Batesville Daily GuardAsian stocks advance following a rally on Wall Street and oil prices fall
Asian stocks are mostly higher, with benchmarks in Tokyo and Seoul lifted by buying of AI-related stocks. U.S. futures edged lower and oil prices extended losses. South Korea’s Kospi rose 3.3%, with strong gains for computer chipmakers SK Hynix and…
Tech firms track Wall St rally on mixed day for Asian markets
However, the main gains were concentrated in South Korea and Japan, with other Asian stock markets putting in a mixed performance as traders gear up for a slew of key earnings and central bank decisions this week. In submitting its plans to list its shares, Anthropic, one of the world's leading artificial intelligence companies, reported first-half revenue surged about 1,300 percent year-on-year, but also flagged safety risks. The sale is seen a…
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...
The Toronto Star
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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