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Stocks Shrug off Oil and Bonds into 1st Week of Earnings Wall Street finished Friday within striking distance of all-time highs as investors brace for Q3 bank earnings this week. The S&P 500 rose 0.59%, the Dow gained 0.83% and the Nasdaq added 0.64% — all three logging weekly gains. Analysts …
US semiconductor stocks were hammered after an FT report pegged OpenAI’s annualised revenue at ~$50 billion, roughly $20 billion below prior estimates. The SOX dropped 3.4%, Brent crude surged 4% past $104 on Strait of Hormuz attacks and Gulf Coast hurricane shut-ins, and Treasuries rallied with th…
Tech stocks took an absolute beating overnight — the SOX fell 4.3%, now 20% off its peak and down for a sixth straight day, with every data-centre name (Nvidia, Intel, AMD, Oracle, Dell) sold off. Mark Gardner covers a shaky start to US earnings season (Bank of America down ~6% on a surprise impai…
Fed’s Williams signals one more hike then done — bond yields dropped 10bps but stocks still slid. We break down: Micron’s 3.6% drop on China’s CXMT chip news (and why it’s an overreaction), JP Morgan’s first earnings miss since 2023 while Goldman crushed it, the lithium bloodbath (PLS -8.6% in a da…
A quiet night with US bonds shut for Columbus Day. Mark Gardner runs through chip stocks sliding, Brent up about 2% on reports of a tanker hit in Hormuz, Meta's new Muse AI model, upgrades for Salesforce and eBay, and Starbucks ruling out Chipotle. Locally: Maas down 15% after Firmus pulled its li…
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