US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks outperformed. The AI-related trade showed signs of recovery, led by Oracle, whose shares jumped more than 7% after TikTok agreed to sell its US operations to a new joint venture involving Oracle and private-equity firm Silver Lake. Micron Technology advanced 7%, building on its 10% surge on Thursday. Also, Nvidia shares climbed more than 3% after Reuters...
Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Average rose 428.7 points, or 0.93%, at the open to 46567.51. The S&P 500 rose 95.8 points, or 1.44%, at the open to 6737.93, while the Nasdaq Composite rose 492.8 points, or 2.18%, to 23057.001 at the opening bell. Source: Reuters.com
The Hang Seng closed almost flat at 25,835 on Thursday (November 20), reversing morning gains after four consecutive sessions of losses. Strength in the financial sector helped offset declines in technology, property, and consumer stocks after the People's Bank of China (PBOC) maintained its benchmark interest rate at a record low for the sixth consecutive meeting, reinforcing its accommodative stance. Sentiment was mixed as media reports suggested China was considering new property support measures, including mortgage subsidies for first-time buyers, higher income tax rebates for mortgage...
European markets rallied at the opening bell on Thursday as investors reacted to strong earnings from leading artificial intelligence company Nvidia. The pan-European Stoxx 600 rose 1% in the first few minutes of trading. Nvidia released its third-quarter results after the opening bell on Wednesday, beating fourth-quarter revenue and sales estimates. The chipmaker posted a 62% year-over-year revenue surge to $57.01 billion and said it expects revenue of $65 billion in the fourth quarter. "There's a lot of talk about an AI bubble," Nvidia CEO Jensen Huang told investors on the earnings...
The Japanese stock market finally recovered after four consecutive days of decline. On Thursday, the Nikkei 225 index rose around 2.7%, while the Topix index strengthened 1.7%. In the morning session, the Nikkei even jumped more than 4%, its sharpest intraday gain in more than six weeks. The main driver came from Wall Street, after Nvidia released a revenue forecast that far exceeded expectations, immediately boosting market appetite for AI-themed stocks. The technology sector was the main driver of the rally. Stocks such as Advantest, Disco, and Ibiden recorded sharp gains, as concerns...
Hong Kong's equity markets commenced Wednesday's trading session in positive territory, with the benchmark Hang Seng Index rising by 169 points, or 0.65%, to reach 25,999. The rally was broad-based, with the Hang Seng China Enterprises Index climbing 52 points, or 0.56%, to 9,203, while the Hang Seng Tech Index gained 39 points, or 0.7%, settling at 5,646. The financial sector contributed significantly to the upbeat mood. Insurance giant AIA Group led the gains with a 1.6% ascent, while Hong Kong Exchanges and Clearing advanced by 1%. HSBC Holdings and Ping An Insurance Group also...