Category: Market Summary
-
Dow Hits Record as PC Makers, Chipmakers Rally Into Memorial Day Weekend
U.S. stocks closed higher on Friday as strength in technology and health care names lifted the major indexes into the long Memorial Day weekend. The Dow Jones Industrial Average set a fresh all-time high, while the S&P 500 notched its eighth consecutive winning week — the longest such streak since late 2023. Investors weighed record-low…
-
Stock Futures Rise Ahead of Memorial Day as U.S.-Iran Peace Talks Progress
Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a higher open on Friday, with stocks likely to see further upside after recovering from an initial pullback to end the previous session modestly higher. Stocks may continue to benefit from optimism about an end to the U.S.-Iran war even as crude oil…
-
Wall Street Ekes Out Gains as Nvidia Earnings Fail to Spark AI Rally
U.S. stocks closed modestly higher on Thursday as investors digested a mixed bag of earnings results, geopolitical developments around Iran, and rising Treasury yields. The session was choppy throughout, with a late-day push helping the major indexes finish in the green after spending much of the afternoon near the flatline. What Moved Markets The Dow…
-
U.S. Stocks Seen Opening Lower as Oil Prices and Treasury Yields Climb: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures pointed to a weaker start on Thursday, with markets poised to surrender some of the gains recorded in the previous trading session. Investor sentiment has turned cautious again as crude oil prices move sharply higher and Treasury yields rebound. U.S. crude futures have jumped more than 2%, climbing back above the…
-
Quantum computing stocks rally after report of planned $2 billion U.S. funding package
Shares of several quantum computing companies surged in U.S. premarket trading on Thursday following a media report that the Trump administration plans to award US$2 billion in grants to firms operating in the sector. According to a report by The Wall Street Journal citing the U.S. Commerce Department, the funding agreements are expected to include…
-
Nvidia earnings surge while SpaceX IPO plans and Iran peace hopes shape markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly lower on Thursday as investors absorbed another set of blockbuster earnings from artificial intelligence chip leader Nvidia (NASDAQ:NVDA) while continuing to monitor developments surrounding the conflict between the United States and Iran. By 03:32 ET, Dow futures had fallen 112 points, or 0.2%, while S&P 500 futures slipped 19 points…
-
Oil Plunge and Nvidia Anticipation Fuel Broad Rally on Wall Street
Stocks rallied sharply on Wednesday as a steep drop in crude oil prices and mounting excitement ahead of Nvidia’s after-the-bell earnings report drew buyers back into the market. All three major indexes posted their strongest session in weeks, snapping a three-day losing streak that had been driven by surging Treasury yields. The mood shifted decisively…
-
Lower Treasury Yields and Oil Prices May Support Wall Street Rebound: Dow Jones, S&P, Nasdaq
U.S. stock index futures pointed to a stronger open on Wednesday, suggesting Wall Street could recover some of the losses recorded in the previous trading session. Investor sentiment appeared to improve as Treasury yields retreated from recent highs and crude oil prices moved sharply lower. Treasury Yields and Oil Prices Ease The yield on the…
-
U.S. futures steady as investors monitor Iran conflict and await Nvidia results: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to flat on Wednesday as investors weighed inflation concerns linked to the Iran conflict while preparing for closely watched quarterly earnings from NVIDIA Corporation (NASDAQ:NVDA), which are expected to provide fresh insight into the strength of the artificial intelligence sector. By 03:32 ET, futures linked to the Dow Jones Industrial…
-
Bond Yields Hit Multi-Decade Highs, Dragging Stocks Lower
Stocks fell across the board Tuesday as surging long-term Treasury yields rattled investors and a broad selloff in semiconductor shares pulled the technology sector sharply lower. The S&P 500 posted its third consecutive losing session, and all three major indexes finished in the red as the 30-year Treasury yield climbed to its highest level in…