ADVFN US – Market Content Editor
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Tech Stocks Slide as Treasury Yields Surge and Inflation Fears Mount: Dow Jones, S&P and Nasdaq Futures Today
Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a sharply lower open on Friday, with stocks likely to give back ground after ending the previous session mostly higher. Profit taking may contribute to initial weakness on Wall Street following recent strength in the markets, which lifted the Nasdaq and S&P 500…
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New York manufacturing growth accelerates in May ahead of U.S. industrial production data
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index jumped to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who…
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Applied Materials Slips Despite Record Quarter and Strong Outlook (AMAT)
Applied Materials (NASDAQ:AMAT) reported record fiscal second-quarter revenue on Thursday and issued third-quarter guidance ahead of Wall Street expectations, supported by continued heavy investment in artificial intelligence infrastructure and data centers that is driving demand for semiconductor manufacturing equipment. AI Infrastructure Spending Continues to Boost Demand The Santa Clara-based chip equipment maker said it expects…
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Texas Jury Clears Exxon Mobil in Investor Lawsuit Over Oil Sands and Gas Assets (XOM)
A Texas jury ruled on Wednesday that Exxon Mobil (NYSE:XOM) was not liable in a lawsuit accusing the energy giant of misleading investors through disclosures connected to its Canadian oil sands business and Rocky Mountain natural gas operations. Investors Failed to Prove Fraud Claims The case, originally filed in 2016, alleged that Exxon hid losses…
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Stellantis and Dongfeng Commit €1 Billion to Build Peugeot and Jeep EVs in China (STLA)
Stellantis (NYSE:STLA) and Dongfeng Motor Group announced on Friday that they have signed an agreement to manufacture Peugeot and Jeep-branded electric vehicles at their joint venture facility in Wuhan beginning in 2027, extending a partnership that has spanned more than three decades. The agreement relates to the Dongfeng Peugeot Citroën Automobile Co. (DPCA) joint venture…
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Cerebras Jumps 69% in Nasdaq Debut as AI IPO Market Roars Back (CBRS)
May 14, 2026 marked a major moment for artificial intelligence listings, with Cerebras Systems (NASDAQ:CBRS) surging 68% on its first day of trading on the Nasdaq to close at $311.07, well above its IPO price of $185 per share. The flotation generated $5.55 billion, making it one of the biggest U.S. technology IPO fundraisings in…
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Oil Prices Rise After Trump Says Xi Shares U.S. Position on Iran Nuclear Weapons
Oil prices advanced around 2% after U.S. President Donald Trump said he and Chinese President Xi Jinping agreed that Iran must not obtain nuclear weapons, while market concerns persisted over attacks and seizures involving ships near the Strait of Hormuz despite Tehran reporting increased maritime traffic through the waterway. Brent crude futures gained $1.77, or…
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Gold Heads for Weekly Loss as Strong U.S. Data Lifts Dollar and Rate-Hike Expectations
Gold prices declined for a fourth consecutive session on Friday, pressured by stronger U.S. economic data that lifted the dollar and weakened expectations for near-term Federal Reserve rate cuts. Investors also remained focused on talks between U.S. President Donald Trump and Chinese President Xi Jinping. Spot gold fell 1.6% to $4,578.74 an ounce by 03:05…
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U.S. Futures Retreat, Oil Advances as Trump Leaves Beijing and Markets Turn Defensive: Dow Jones, S&P, Nasdaq, Wall Street
Global financial markets shifted into risk-off mode on Friday after a sharp decline in South Korean equities triggered weakness in technology shares worldwide, while crude oil prices moved higher amid renewed fears surrounding disruptions in the Strait of Hormuz. “Markets have lost momentum after President Trump said the US doesn’t need the Strait of Hormuz…
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Trump-Xi Summit, AI Optimism Power Wall Street to Fresh Records
U.S. stocks rallied on Thursday as investor enthusiasm around a high-stakes summit between President Trump and Chinese President Xi Jinping combined with a resurgence in AI-related trades to push the major indexes to new highs. The S&P 500 crossed the 7,500 level for the first time, while the Dow Jones Industrial Average reclaimed the 50,000…