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The S&P 500 closed above 7,800 for the first time on Tuesday, then spent the rest of the week absorbing a 24-year high in Treasury yields and a report questioning the revenue behind the artificial intelligence buildout. Minutes of the Federal Reserve’s September meeting, released Wednesday, showed most officials expect
U.S. stocks edged higher by midday Friday, with the Nasdaq rebounding from Thursday’s setback sparked by concerns over OpenAI’s weaker-than-expected revenue, while the wireless carriers were hammered by a Space Exploration Technologies Corp. (NASDAQ: SPCX ) spectrum deal. SpaceX said Thursday it acquired a nationwide 8
American consumers are the gloomiest they’ve been in more than seven decades. That’s according to the University of Michigan’s consumer sentiment index, which fell to 46.3 in the preliminary October reading, from 48.1 in September. Economists expected 47.6. Only May’s 44.8 was lower. Before this year, the record low wa
Most Asian currencies were little changed against the dollar as investors waited for U.S. data, including the University of Michigan preliminary consumer sentiment reading. Traders were also watching Treasury yields and comments from Federal Reserve officials for clues on the policy outlook.
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.
Bitcoin moved down to around $81,500 in afternoon trade as major U.S. stock indexes stayed lower and Treasury yields eased. The move came alongside broader risk-off action tied to oil, Fed comments and tech-sector weakness.