What began as a tech-driven rally has started to broaden out. According to some on Wall Street, that should help power indexes like the S&P 500 even higher. ...

Join our daily newsletter At The Bell to receive exclusive market insightsASX today – With gold pushing past $4,000 and Wall Street restarting its October rally – just like I suggested it would only yesterday – it looks like we’ll be reporting on some all-time intraday and closing highs Down Under before long.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.Beyond gold’s highs and silver catching a high n ...

Britain's FTSE 100 index surged to a new intraday record on Wednesday, lifted by strong performances across heavyweight banking and mining stocks. The blue-chip index climbed 0.689% to a fresh high of 9,568.89, surpassing its previous record close of 9,491.25 set last Friday. The rally was led by financial stocks, with the banks index rising ...

The Dow Jones Industrial Average rose 82 points, or 0.2%. The S&P 500 was up 0.1%. The Nasdaq Composite was up 0.1%. The S&P and Nasdaq each will mark fresh closing highs if they finish the day higher. The stock market's government shutdown rally continued as the S&P 500 was on pace for its eighth consecutive daily gain. "At this point, very few people have been affected by the shutdown, but as paydays come and go, the switchboards in DC will start heating up,†writes Bespoke Investment Group co-founder Paul ...

Market Overview - The stock market has experienced a sharp rally, which contrasts with the underlying macroeconomic conditions [1] - Consumers are expressing concerns regarding inflation and potential job cuts [1] - The Federal Reserve is preparing to cut interest rates [1] Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and working in Silicon Valley [1] - He has served as an adviser to several seed-round startups and has been a contributor on Seeking Alpha since 2017 [1] - His insights are frequently quoted in various web publications and his articles are syndicated to popular trading apps like Robinhood [1]

For most of the year, the stock market rally has been driven by a very small and concentrated group of large-cap tech stocks. Meanwhile, the overwhelming consensus opinion is that smaller companies with fewer resources are likely to be long-term losers in theWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He ha ...

After news of her victory emerged, the yen weakened above 150 against the dollar DXY+0.71% and Japanese government bonds TMBMKJP-10Y1.680% edged lower, although the Nikkei 225 NIY00+4.81% equity index surged almost 5% to a record high. ...

Join our daily newsletter At The Bell to receive exclusive market insightsGood afternoon, and a warm welcome to HotCopper’s Market Close for Thursday, October 2. I’m Isaac McIntyre, covering for Jonathon Davidson as he celebrates his birthday – let’s get into how the ASX trading day’s played out.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.The big story here is, of course, just how much the local bour ...

As the stock market rallies, led by the benchmark S&P 500, Moody’s Analytics chief economist Mark Zandi is sounding a note of caution.Specifically, Zandi has warned that market valuations are approaching levels last seen during the height of the Dot-com bubble, according to an X post on September 29. He pointed to revisions in U.S. GDP that showed stronger consumer spending than initially estimated, driven largely by affluent households. This spending is closely tied to rising asset values, particularly equ ...

Group 1: Intel's Stock Surge - Intel's shares surged between 22.8% and 29%, marking its largest one-day gain since 1987, following Nvidia's announcement of a $5 billion investment and a strategic partnership to co-develop advanced chips [2][6] - The surge positioned Intel as one of the most overbought stocks on Wall Street, indicating a potential for price correction due to rapid price increases [2][6] Group 2: Market Impact - The rally in Intel's stock contributed to a broader market upswing, with the Dow, S&P 500, and Nasdaq Composite all closing at all-time record highs [3][6] - The tech sector, particularly semiconductors, experienced substantial gains, with Nvidia's shares also rising by 3.4% to 3.5% [3][6] Group 3: Federal Reserve Influence - Market sentiment was further boosted by the Federal Reserve's decision to implement a 25-basis-point interest rate cut, lowering the policy rate to 4.00%-4.25% [3]