Oil prices fell sharply Tuesday after U.S. Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic, boosting stock…
The S&P 500 hit an intraday record high on Tuesday (Aug 4), driven by strong AI-linked earnings from Caterpillar and Palantir and hopes for a Middle East deal. The Dow Jones Industrial Average rose 46…
SpaceX's first earnings report since its listing and the upcoming expiry of trading restrictions on part of its IPO shares will test the strength of the artificial intelligence trade, which has driven…
Leading Chinese brokerages, including Citic Securities, forecast a rebound in A-share tech and chip stocks in August, citing strong domestic fundamentals and a correction rather than a deleveraging sh…
Aptus Capital Advisors head of equity and portfolio manager David Wagner said on Yahoo Finance's Market Domination that AI, not the US-Iran war, is the main driver of US equities, with market fears ov…
Goldman Sachs strategist Peter Oppenheimer said Big Tech's heavy capital spending on AI is the primary reason the bull market is broadening, with the equally weighted S&P 500 outperforming the S&P 500…
Wall Street opened the week higher, with the S&P 500 up 0.3%, the Dow Jones Industrial Average up 0.5%, and the Nasdaq Composite up 0.4%, as oil prices fell over 5% after the U.S. and Iran agreed to h…
Amazon reported a $53.4 billion pre-tax gain from its investment in AI startup Anthropic, significantly boosting S&P 500 profit growth. The gain underscores Amazon's dual role as a cloud provider and …
Franklin Templeton's head market strategist Chris Galipeau dismissed skepticism about AI capital expenditures, calling the spending cycle 'early innings' and projecting hyperscaler CapEx to surpass $7…
U.S. stocks rose Friday, with the S&P 500 climbing 0.7% to 7,489.72, the Dow Jones Industrial Average adding 276.97 points to 52,485.03, and the Nasdaq composite rallying 1% to 25,373.85, as Amazon.co…
S&P 500 firms are on track for a 29% surge in second-quarter earnings per share, among the highest on record, yet the index has stagnated since mid-July as investors penalize big tech for heavy AI spe…
Amazon.com Inc. reported Q2 revenue growth of 37% year-over-year for its Amazon Web Services (AWS) segment, beating analyst expectations of around 31%, and raised its full-year capital expenditure gui…
Wall Street ended higher on Friday, July 31, as Amazon.com surged over 15% after posting its biggest quarterly revenue growth in over four years, soothing investor concerns about AI-related spending, …
Wall Street partially recovered after a volatile week from July 18-25, during which the Dow Jones fell more than 0.75%, the S&P 500 slid roughly 1%, and the Nasdaq dropped approximately 1.4% in a sing…
All three major US indices climbed on a semiconductor-fueled rally after South Korea's KOSPI recovered from a dramatic selloff, with chip stocks leading the charge. Samsung Electronics and SK Hynix re…
U.S. equity funds attracted a net $11.83 billion in the week to July 29, snapping a two-week streak of outflows, according to LSEG Lipper data. Investors bought $11.57 billion in large-cap funds, the …
US stock futures rose Friday, with Nasdaq-100 contracts up 1.2%, as Big Tech earnings revived optimism in the AI trade after South Korea's KOSPI jumped 14% overnight. Amazon shares jumped 10% in prema…
Seoul shares surged nearly 13 percent late Friday morning, with the KOSPI adding 717.3 points to trade at 6,310.86, as investors scooped up semiconductor shares following Microsoft's strong earnings t…
Korean stocks opened sharply higher Friday, with the KOSPI adding 1.15 percent to 5,657.79, driven by gains in semiconductor shares after Microsoft's strong earnings report. Microsoft jumped 15 percen…
Investor Michael Burry said Big Tech's heavy spending on artificial intelligence is dragging down the S&P 500, while Apple emerges as a winner. Burry argued that the market has voted against the massi…