US EditionPublished • loading... • Updated
US stocks hit records after the briefest of stumbles as gold’s price keeps rising
- U.S. stocks mostly saw gains on Wednesday, with the S&P 500 trading close to the record high it reached earlier in the week.
- This rebound follows a brief break in a seven-day winning run and occurs amid delayed major economic reports after the U.S. government's latest shutdown.
- Strong gains in AI-related stocks like Nvidia, Oracle, and Palantir—with respective surges of nearly 40%, 70%, and 140.9% this year—have helped fuel the advance.
- Meanwhile, gold prices have risen further past $4,000 per ounce and are up over 50% this year.
- Ongoing Federal Reserve interest rate cuts and anticipation of more have boosted stocks and gold but have also drawn warnings from the Bank of England about inflated tech valuations and market risks.
Insights by Ground AI
72 Articles
72 Articles
Sydney Morning Herald+2 Reposted by 2 other sources
Miners lead gains on the ASX after Wall Street resumes rally
The Australian sharemarket opened stronger on Thursday after as US stock indices hit fresh records overnight and the price of gold was pushing further past $US4000 per ounce.
·Sydney, Australia
Read Full Article
Wall Street Rebounds To Record Highs, Gold Smashes $4,000 - Advanced Micro Devices (NASDAQ:AMD)
The brief pause in the market rally didn't last long. Wall Street resumed its climb toward fresh records on Wednesday, powered by another relentless surge in technology stocks — while in commodities, gold continues to defy the laws of gravity.
·New York, United States
Read Full ArticleCoverage Details
Total News Sources72
Leaning Left16Leaning Right5Center40Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 26%
C 66%
Factuality
To view factuality data please Upgrade to Premium
