The Dow jumped more than 600 points to a fresh record and the S&P 500 reversed early session losses to trade marginally higher, while the Nasdaq pared losses to roughly 0.5% on Thursday afternoon as investors rotated out of richly valued tech names and into cyclicals and beaten down value stocks after the Fed cut rates by 25 basis points to 3.50% to 3.75% and signalled a conditional easing path.
Visa rose over 5% on an upgrade by Bank of America, while Mastercard and American Express added more than 4% and 1.5% respectively. Major names including JPMorgan (+2.2%), UnitedHealth (+3.1%), Goldman Sachs (+2.4%), Wells Fargo (+2.8%) and Progressive (+3.5%) outperformed.
However, tech weakness persisted and capped gains as Oracle plunged more than 11% after disappointing revenue and cloud sales and a darker spending outlook revived doubts about the pace at which AI investments will pay off. Chipmakers fell with Nvidia (-2.1%), Broadcom (-1.7%), AMD (-1.2%) and Applied Materials (-2.5%) (cay)
Sumber: trading Economi
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Gold prices are once again causing a stir after surging to a new record above $5,500 per ounce, extending a rally that has been very strong since the beginning of the year. In the Asian session, gold briefly reached a new peak before moving lower;...
Oil prices rose for a third day after US President Donald Trump warned Iran to reach a nuclear deal or face military action. This statement re-escalated tensions in the Middle East and rekindled market concerns about potential unrest that could...
Hong Kong shares started the day on a softer note, with the Hang Seng Index falling 199 points, or 0.72 per cent, to open at 27,627. The broader market also came under pressure, as the China Enterprises Index dropped 60 points, or 0.63 per cent, to...