SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could…
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Dow closes 300 pts lower as US crude oil tops $100 and Fed rate-hike bets rise
by adminby adminUS stocks fell on Thursday as oil prices climbed above $100 a barrel, fuelling concerns over inflation and increasing expectations that the Federal Reserve could raise interest rates next week. The Dow Jones Industrial Average…
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US stocks fell for a third straight session on Wednesday as rising oil prices and Treasury yields added to investor concerns over inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average dropped…
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Wall Street stocks fell on Tuesday as renewed tensions in the Middle East pushed oil prices higher, while investors turned their attention to inflation data that could influence the Federal Reserve’s interest-rate decision next week.…
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SanDisk stock SNDK has gained 500% this year so far. While the memory market has been notoriously cyclical, SanDisk is attempting to reduce its exposure to the traditionally cyclical NAND memory market through a new…
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Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming…
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Software stocks are back from the dead as AI fuels growth: can the rally continue?
by adminby adminEarlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system…
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Dow closes 270 pts lower as strong jobs report lifts September Fed rate-hike bets
by adminby adminUS stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points,…
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US stocks rallied on Thursday as investors reduced expectations for a Federal Reserve rate hike this month following comments from Fed Governor Christopher Waller. The Dow Jones Industrial Average rose 1.18%, while the S&P 500…
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Dow closes nearly 300 pts higher as US stocks rebound despite bond yield concerns
by adminby adminUS stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed…