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Dell raises outlook on surging AI infrastructure demand, sending shares sharply higher (DELL)
Dell (NYSE:DELL) increased its full-year revenue and earnings guidance on Thursday, highlighting robust demand for its artificial intelligence-focused server portfolio as businesses accelerate investments in data center infrastructure powered by advanced Nvidia technology. The upbeat forecast triggered a strong market reaction, with Dell shares jumping around 39% in extended trading as investors welcomed evidence that…
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Virgin Galactic surges as flight-testing restart and SpaceX IPO excitement fuel rally (SPCE)
Virgin Galactic Holdings Inc (NYSE:SPCE) continued its remarkable advance on Thursday, 28 May, with shares climbing 19.53% during regular trading before adding a further 14% in after-hours activity. The move positions the stock for a sixth consecutive day of gains and extends its cumulative rise to more than 83% over the past five trading sessions.…
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Oil prices stabilize as investors monitor prospects for a U.S.-Iran ceasefire agreement
Oil prices were little changed on Friday, although both major crude benchmarks remained on course for their sharpest weekly declines since early April amid growing expectations that diplomatic progress between the United States and Iran could ease supply concerns. By 0810 GMT, Brent crude futures for July delivery were down 34 cents, or 0.3%, at…
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Gold edges higher as markets assess Iran ceasefire developments and inflation pressures
Gold prices moved modestly higher during Asian trading on Friday as investors evaluated reports suggesting progress toward an extension of the ceasefire between the United States and Iran, while lingering concerns over inflation continued to influence sentiment across commodity markets. Spot gold gained 0.4% to $4,514.27 per ounce by 02:40 ET (06:40 GMT), while U.S.…
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Markets watch Iran ceasefire talks as investors assess mega IPO valuations: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded in a narrow range on Friday as investors monitored reports suggesting progress in negotiations aimed at extending the ceasefire between the United States and Iran. At the same time, attention remained focused on a series of potentially record-breaking public offerings expected later this year, including those involving artificial intelligence and space…
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Tech Rally Lifts S&P 500 and Nasdaq to Record Closes
The S&P 500 and Nasdaq Composite both closed at fresh record highs on Thursday as a wave of strong earnings reports and a blockbuster deal in cloud computing gave investors reason to buy, even as geopolitical tensions in the Middle East kept a lid on the Dow. Technology and consumer-facing stocks led the charge, while…
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U.S. weekly jobless claims rise slightly above expectations
New figures released Thursday by the Labor Department showed that applications for unemployment benefits in the United States increased slightly more than economists had anticipated during the week ended May 23. According to the report, initial jobless claims rose to 215,000, up 5,000 from the revised total of 210,000 recorded in the previous week. Economists…
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U.S. inflation data comes in slightly below forecasts in April
Fresh data released Thursday by the Commerce Department showed U.S. consumer inflation increased slightly less than expected in April, offering some signs of easing price pressures. According to the report, the personal consumption expenditures (PCE) price index rose 0.4% in April following a 0.7% increase in March. Economists had projected a monthly gain of 0.5%.…
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U.S. durable goods orders jump sharply in April, topping forecasts
New data released Thursday by the Commerce Department showed that orders for U.S.-manufactured durable goods increased far more than economists had anticipated in April, signaling stronger momentum in the manufacturing sector. According to the report, durable goods orders climbed 7.9% in April following an upwardly revised 1.3% increase in March. Economists had expected orders to…
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Wall Street futures edge lower as oil prices rebound on renewed U.S.-Iran tensions: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a slightly weaker open on Thursday, with investors appearing cautious after the previous session ended with modest gains following uneven trading throughout the day. A rebound in crude oil prices pressured sentiment as concerns resurfaced over escalating tensions between the United States and Iran. U.S. crude futures climbed more than…