Market Performance - US stocks gained on Friday, with the Dow Jones Industrial Average and the S&P 500 rising approximately 0.6%, while the Nasdaq Composite climbed 0.4% [1] - The gains followed three consecutive days of losses for major US indexes, although all three ended the week lower by less than 1% [2] Economic Indicators - August's Personal Consumption Expenditures (PCE) index showed a year-over-year increase of 2.9% and a month-over-month increase of 0.2%, aligning with economists' expectations [3] - The University of Michigan's consumer sentiment survey indicated that Americans were more pessimistic about the US economy than anticipated in September [2] Trade Policies - President Trump announced a potential 100% tariff on imports of branded drugs for pharmaceutical companies not building manufacturing plants in the US, causing shares of drugmakers in Europe and Asia to decline [4] - New tariffs on imports of heavy trucks and certain furniture categories will take effect on October 1, adding uncertainty to markets already concerned about the sustainability of the AI boom and the risk of a US government shutdown [5] Corporate Developments - Trump approved a deal to spin off TikTok's US operations from China's ByteDance, with a proposed price of $14 billion, which was viewed as undervaluing the company, estimated to be worth $40 billion [6]

US stocks mostly gained on Friday as investors breathed a relative sigh of relief over an inflation report that came in line with expectations while weighing President Trump's fresh round of punishing tariffs and souring consumer sentiment. The Dow Jones Industrial Average (^DJI) rose roughly 0.4%, leading gains, while the S&P 500 (^GSPC) gained 0.15%. The tech-heavy Nasdaq Composite (^IXIC) fell 0.16% after three straight days of losses for the major US gauges. The late morning moves showed stocks pull ...

Market Performance - US stocks experienced a rise on Friday, with the Dow Jones Industrial Average increasing by approximately 0.6%, the S&P 500 gaining 0.5%, and the Nasdaq Composite ticking up by 0.2% after three consecutive days of losses [1] Inflation Data - The Personal Consumption Expenditures (PCE) index for August showed a year-over-year increase of 2.9% and a month-over-month rise of 0.2%, aligning with economists' expectations despite inflation remaining above the Federal Reserve's 2% target [2] Trade Tariffs - President Trump announced a potential 100% tariff on imports of branded drugs for pharmaceutical companies not building manufacturing plants in the US, causing shares of drugmakers in Europe and Asia to decline [3] - New tariffs on imports of heavy trucks and certain furniture categories will take effect on October 1, adding uncertainty to markets already concerned about the sustainability of the AI boom and the risk of a US government shutdown [4] Corporate Developments - Trump approved a deal to spin off TikTok's US operations from China's ByteDance, with a proposed price of $14 billion, which was viewed as undervaluing the company, estimated to be worth around $40 billion [5]

Oracle Corp. sold $18 billion US investment-grade bonds on Wednesday, the market’s second-largest deal this year, as the software maker ramps up its spending to meet the needs of the artificial intelligence boom. Demand peaked at nearly $88 billion, according to a person with knowledge of the matter. Most Read from Bloomberg The technology giant — which has nearly doubled in value this year — is issuing debt in six parts, including a rare 40-year bond, people familiar with the matter said, asking not to ...

Core Viewpoint - Oklo Inc. is transitioning from design to construction with its first Aurora reactor, indicating a significant move towards commercial nuclear energy amidst mixed analyst sentiments regarding its valuation and execution risks [1][3][7] Group 1: Company Developments - The groundbreaking of the 75MW sodium-cooled fast reactor at Idaho National Laboratory is seen as a "monumental accomplishment" for Oklo, with completion expected in late 2027 or early 2028 [2][3] - Oklo's engineering partner, Kiewit, is involved in the construction phase, which is crucial for converting letters of intent (LOIs) and memorandums of understanding (MOUs) into actual projects and revenue [3][4] Group 2: Analyst Sentiment - Seaport Research Partners downgraded Oklo from Buy to Neutral due to valuation concerns, despite acknowledging the company's achievements [2][3][5] - Wedbush analyst Daniel Ives raised his 12-month price forecast for Oklo from $80 to $150, maintaining an Outperform rating, highlighting the company's potential benefits from U.S. policy support and energy demands [5][6] Group 3: Market Position and Technical Analysis - Oklo's stock is currently trading at approximately $135.94, significantly above its 50-, 100-, and 200-day moving averages, indicating a strong bullish trend [6] - The stock has support in the $75–$80 range and resistance near the 52-week high of $142.85, reflecting positive market sentiment [6]

Group 1 - Lyft's stock surged by as much as 14% in a single trading day, marking an unusual movement for the company [1] - The company is aligning itself with larger industry players, which may indicate a shift in strategy to attract investors [1] Group 2 - The article reflects a perspective from a retired Wall Street portfolio manager with over two decades of experience in the technology sector [1]

Heard on the Street: Thanks to an AI boom, the lowly hard drive is enjoying a resurgence that investors are only starting to reward https://t.co/DyGIfhJA0q ...

China's market regulator said on Monday that Nvidia Corporation ( NVDA ) violated the country's anti-monopoly law, but the brief statement didn't elaborate on how. Nvidia was down around 2.8% in pre-market trading, dragging theI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one wo ...

Key Takeaways U.S. stocks hit back-to-back records as tech gains outweighed weak August job growth.Momentum picks include Willdan, Interactive Brokers and Acadian after strong yearly gains.These stocks show short-term pullbacks but hold solid momentum scores of A or B.The broader U.S. equity markets hit two consecutive record highs this week on the back of some solid performances by blue-chip tech stocks, which yet again portrayed that the AI boom is here to stay. The broad-based sector strength transcended ...

Investment & Development - New Mexico county is considering a $165 billion debt package to attract AI data centers [1] - The county is also considering a sweeping set of tax incentives [1] Industry Focus - The initiative aims to capitalize on the AI boom [1] - The goal is to establish a data center campus in the county [1]