US EditionU.S. Stocks Hang Near Their Records as Tech Keeps Climbing
U.S. futures rose despite a government shutdown while Japan's Nikkei soared nearly 5% and France faced political turmoil after its prime minister resigned.
- On Monday, the S&P 500 rose 0.3% in early trading as technology stocks kept Wall Street near record highs with the Nasdaq up 0.5% and the Dow Jones Industrial Average up 62 points.
- With data thin this week, the Federal Reserve will release minutes from last month despite the U.S. government shutdown, while earnings from Delta Air Lines, PepsiCo and Levi Strauss remain.
- OpenAI's deals and investor interest are driving technology stock moves, with Advanced Micro Devices soaring more than 27% after announcing chip supply to OpenAI and Nvidia's last month US$100 billion investment deal prompting criticism.
- The bank deal reshuffles regional operations and investor positions as Fifth Third Bancorp agreed to buy Comerica in a $10.9 billion all-stock deal, creating the country's ninth-largest bank with operations in the Southeast, Texas and California.
- Political developments abroad drove notable market moves as Japan's Nikkei surged 4.8% after Sanae Takaichi was chosen leader, while France's CAC 40 declined following Sébastien Lecornu's resignation.
11 Articles
11 Articles
Wall Street heads for more records and tech leads the way again (Business)
Wall Street is ticking toward more records and technology stocks are continuing to lead the way. The S&P 500 rose 0.3% in early trading Monday, coming off its latest all-time high. The Dow Jones Industrial Average was up 62 points, and the Nasdaq composite added 0.5%. Advanced Micro Devices soar...
The US stock market rose by an average of more than one percent last week, while the S&P 500 index exceeded the 6,700 point mark for the first time in history.
Western Investor
Moose Jaw TodayWall Street heads for more records and tech leads the way again
NEW YORK (AP) — Wall Street is ticking toward more records and technology stocks are continuing to lead the way. The S&P 500 rose 0.3% in early trading Monday, coming off its latest all-time high.
A man walks on Wall Street in front of the New York Stock Exchange by Mara Vilcu Wall Street is…
Shutdown Drags On But Wall Street Hits Records – Here’s What’s Driving Markets
Key Takeaways Market Performance: Rally Continues Amid Uncertainty Wall Street extended its rally in the face of political gridlock. Last week, the S&P 500 and Dow each rose ~1.1%, and the Nasdaq gained 1.3%, with the S&P and Dow closing at record highs on Friday reuters.com. Monday’s trading opened on a strong note as well – S&P 500 futures were up about 0.3% early in the day, on track to add to those gains reuters.com. “It certainly feels like…
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