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US stocks wavered on Wednesday as the tech rally paused and lingering macroeconomic risks prevailed. The Nasdaq 100 eased from its record while the S&P 500 and the Dow inched below the flatline. Chip producers were lower as portion of the market took profits from their sharp rally this week, stemmed by fresh enthusiasm
The S&P 500 and Nasdaq surged toward record highs, boosted by gains in Advanced Micro Devices and other AI heavyweights. Treasury yields retreated from recent highs and crude prices tumbled.
Major US stock indexes advanced on Monday, buoyed by gains in AI firms. Treasury yields retreated from recent highs and oil prices fell more than 3% amid prospects of Middle East talks.
US equity indexes opened higher on Monday, led by communications services and technology, while energy stocks lagged. Crude oil prices dipped below $100 per barrel and US 10-year Treasury yields eased across the curve.
Global stocks advanced as strong AI demand boosted tech shares and falling oil prices aided bonds. European debt led gains as yields dropped.
Bitcoin and other major cryptocurrencies softened after the Federal Reserve’s preferred inflation gauge came in hotter than expected, while Ethereum rose.
U.S. stocks post modest weekly gains, with the S&P 500 and Nasdaq Composite advancing, the Russell 2000 hitting an all-time high, and softer inflation data reducing bets on another Fed rate hike.
US headline CPI rose 0.1% in July, bringing annual inflation to 3.4% from 3.5% in June
The collapse of the US peace deal with Iran has caused the Dow Jones Industrial Average (DJIA) to sink lower as a more volatile outlook appears to be the new standard for the index amid the latest wave of geopolitical uncertainty in the Middle East. President Donald Trump announced on Tuesday evening that he believes t