US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%. The Nasdaq briefly reached an all-time high during the session before
Goldman Sachs has overhauled its flagship European Conviction List – Directors’ Cut this month, spotlighting key investment opportunities across the continent heading into 2027. Marking the list’s three-year anniversary, the Wall Street titan added four high-conviction equities while rotating out former favorites Naturgy, Norsk Hydro, and Smith & Nephew. Highlighting six picks with projected returns
US stocks rose sharply on Friday after a weaker-than-expected September jobs report increased expectations that the Federal Reserve will leave interest rates unchanged at its October meeting. The Dow Jones Industrial Average rose 324 points, while the S&P 500 gained 0.79%. The Nasdaq Composite advanced 1.21%. The Labor Department’s employment report showed that the US
Broadcom stock AVGO gained more than 2.7% in trading on Friday as Wall Street banks prepared a potential $60 billion financing package for artificial intelligence chip infrastructure. Bloomberg News reported that banks in Broadcom Inc.’s syndicate are preparing to market $42 billion of Class A senior-secured debt, while Blackstone is leading an additional $18 billion
Seagate Technology and Western Digital shares fell sharply at market open on Friday after a report that Japan’s Toshiba plans to significantly expand hard disk drive manufacturing, raising concerns that additional supply could weaken pricing power in a market benefiting from the artificial intelligence boom. Seagate shares STX fell about 13%, while Western Digital WDC
The iShares 20+ Year Treasury Bond ETF (TLT) continues its strong freefall, reaching its lowest level since September 2023 as cracks in the bond market accelerated. TLT plunged to $77, down 11% this year and 46% in the last five years. Despite all this, investors have continued to buy the dip. TLT ETF inflows rise
The Schwab US Dividend Equity ETF (SCHD) has pulled back sharply in the past few weeks, moving from a high of $35 in August to the current $32.5. This article highlights some of the top reasons why it is falling and what to expect in October. SCHD ETF is falling as government bond yields jump
Alphabet stock GOOGL fell in trading on Thursday even after Google unveiled Gemini 4 Argon, its latest frontier artificial intelligence model, with analysts highlighting its performance across coding, cybersecurity and complex workflows. JPMorgan maintained its ‘Overweight’ rating on Alphabet following the announcement. In a note cited by TheFly, the bank said Google needs to “re-establish
A landmark report by Bain & Company projects that the global artificial intelligence (AI) market must reach $6 trillion in annual revenue by 2031 to justify the massive capital being poured into global compute infrastructure. While hype has historically gravitated toward mega-cap software and consumer platforms, Bain’s 7th annual Global Technology Report highlights a major
The Nasdaq Composite rose 0.52% to 26,935.52 in early trading Wednesday, led by chip stocks as Intel and AMD extended a rally that has semiconductor names on pace for their best month since June. The Dow Jones Industrial Average added 0.09% to 51,398.39, and the S&P 500 gained 0.32% to 7,695.86. The gains came even