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Tech Rally Pushes Nasdaq and S&P 500 to Fresh Records as Dow Dips
business4 hours ago

Tech Rally Pushes Nasdaq and S&P 500 to Fresh Records as Dow Dips

Tech-led gains pushed the S&P 500 and Nasdaq to fresh intraday and closing highs, while the Dow fell slightly; futures were little changed after-hours. In regular trading, Micron surged about 19% to lift its market cap above $1 trillion, while Zscaler slid around 19% on weak revenue guidance and Insulet fell about 8% after a medical device recall. Box also declined on guidance. Investors eye upcoming earnings due from several companies and weigh higher yields and inflation expectations, with Asia-Pacific markets hitting records on Iran ceasefire optimism.

via CNBC|
#business#futures#micron-technology
SpaceX Aims for Nasdaq Debut in June at a Multitrillion-Dollar Valuation
business10 days ago

SpaceX Aims for Nasdaq Debut in June at a Multitrillion-Dollar Valuation

SpaceX is reportedly accelerating its IPO plans to list on Nasdaq as early as June 12, with a roadshow beginning June 4 and a share sale possibly on June 11. The company is eyeing a valuation around $1.75 trillion and could raise up to $75 billion, with BlackRock reportedly considering a $5–$10 billion investment. SpaceX’s broader ambitions—satellite megaconstellations, a lunar city concept, and the xAI acquisition—help explain the lofty valuation.

via Engadget|
#business#elon-musk#ipo
Tech-led rally drives S&P 500 and Nasdaq to fresh records amid hot inflation
business13 days ago

Tech-led rally drives S&P 500 and Nasdaq to fresh records amid hot inflation

U.S. stocks climbed to new highs as technology shares led a broad rally: the S&P 500 rose about 0.6% and the Nasdaq Composite gained around 1.2%, even as hotter-than-expected wholesale inflation kept rate-cut bets in flux and the Dow drifted. The rally was powered by semiconductors and the Magnificent Seven, with Apple nearing $300 and Nvidia hitting intraday records. The Senate confirmed Kevin Warsh as the next Fed chair, helping frame events around higher yields and inflation dynamics that could influence policy in the months ahead.

via Yahoo Finance Singapore|
#business#fed-chair-warsh#inflation
Tech rally lifts Nasdaq and S&P 500 to fresh records despite hotter inflation
markets13 days ago

Tech rally lifts Nasdaq and S&P 500 to fresh records despite hotter inflation

U.S. stocks climbed to new records as a tech-led rally pushed the Nasdaq up about 1.2% and the S&P 500 up 0.6% even as wholesale inflation came in hotter than expected; the Dow slipped slightly. Nvidia, Apple and other megacap names helped drive gains within the Magnificent Seven amid AI optimism, while the Senate confirmed Kevin Warsh as the next Fed chair and bond yields rose toward 2026 highs, signaling continued inflation pressure and a potential rate backdrop for markets.

via Yahoo Finance|
#ai#inflation#markets
CPI in focus as futures slip and oil climbs on market nerves
markets14 days ago

CPI in focus as futures slip and oil climbs on market nerves

U.S. stock futures fell ahead of the April CPI report, with Nasdaq-100 futures down about 0.7%, S&P 500 futures down roughly 0.4%, and Dow futures flat, as investors weigh potential inflation signals and Fed policy amid higher energy prices supported by Middle East tensions. Oil prices continued to rally, while broader headlines included President Trump’s China trip and AI/trade talks, adding geopolitical fodder for markets ahead of the inflation data release.

via Yahoo! Finance Canada|
#cpi#futures#inflation
Cerebras Boosts IPO Size and Price as AI-Chip Demand Surges
business16 days ago

Cerebras Boosts IPO Size and Price as AI-Chip Demand Surges

Cerebras Systems is planning to raise the size and price of its IPO, considering a new price range of $150-$160 per share and up to 30 million shares, potentially pulling in about $4.8 billion, as demand for AI chips remains strong; the offering is set for Nasdaq under the symbol CBRS with pricing expected May 13, and orders have run more than 20x the available shares. The company counts Amazon and OpenAI among customers and previously paused its 2024 IPO after a CFIUS review of its G42 partnership, which has since been cleared.

via CNBC|
#ai-chips#business#cerebras-systems
AI-driven rally lifts Wall Street as Dow jumps 600 points and major indices hit records
markets20 days ago

AI-driven rally lifts Wall Street as Dow jumps 600 points and major indices hit records

Stocks surged on AI-driven trading, with the Dow Jones Industrial Average jumping about 600 points as the S&P 500 and Nasdaq climbed to records; a broad rally swept tech and other sectors, with notable movers including IonQ (+9.5%), Corning (GLW +12.0%), Hut 8 (+35.3%), Beyond Meat (BYND +13.3%), Nano Nuclear Energy (NNE +27.7%) and Oklo (+16.4%), while crypto prices fluctuated in tandem with equities.

via Yahoo Finance|
#ai#dow-jones#markets