Category: Top Story
-
Rising Yields, Oil Prices, and Fed Transition Weigh on Wall Street
Wall Street U.S. stocks pulled back sharply on Friday as a trio of headwinds — surging Treasury yields, climbing oil prices, and uncertainty around the Federal Reserve’s leadership change — combined to unwind the previous session’s record-setting rally. All three major indexes closed firmly in the red, with technology and semiconductor names bearing the brunt…
-
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…
-
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…
-
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…
-
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…
-
U.S. Futures Point Higher as Cisco and Nvidia Lift Tech Sentiment: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded higher on Thursday, with the Nasdaq positioned for additional gains after the technology-heavy index closed at a fresh record high in the previous session. Technology shares looked set to extend their recent rally following strong earnings-related momentum from Cisco Systems (NASDAQ:CSCO). Shares of Cisco surged 14.5% in premarket trading after the…
-
Boeing Shares Advance on Expectations of New China Aircraft Orders (BA)
Boeing (NYSE:BA) shares moved 1.2% higher in premarket trading on Thursday after comments from U.S. Treasury Secretary Scott Bessent suggested that major aircraft purchase announcements from China could be unveiled this week. Speaking to CNBC, Bessent said he expects China to announce significant orders for Boeing aircraft during Donald Trump’s visit to Beijing. Trade Discussions…
-
Nvidia Shares Gain After Report of U.S. Approval for H200 Chip Sales to China (NVDA)
Nvidia (NASDAQ:NVDA) shares moved higher in premarket trading after Reuters reported that the United States has approved roughly 10 Chinese companies to purchase Nvidia’s H200 artificial intelligence chips, although shipments have not yet begun. The report comes as Nvidia chief executive Jensen Huang attempts to revive stalled sales efforts during a closely watched visit to…
-
AMD and ARM Extend Server Market Gains While Intel Loses Share (AMD)
Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) continued to strengthen their positions in the server processor market during the first quarter of 2026, taking additional share from Intel (NASDAQ:INTC), according to a new report published by UBS. The report also showed that personal computer shipments remained weaker than typical seasonal patterns for a second…
-
Cisco Shares Surge After $1 Billion AI Restructuring Plan and Workforce Reduction (CSCO)
Cisco Systems (NASDAQ:CSCO) announced a major restructuring initiative on Wednesday aimed at sharpening its focus on high-growth segments such as artificial intelligence, after reporting record third-quarter revenue results. The company said the overhaul will result in approximately $1 billion in charges related to severance payments and other restructuring expenses. Cisco also confirmed plans to reduce…