Vera Rubin AI superchip platform
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Stock market today: Dow crosses 49,000, S&P 500 jumps to new high in record-setting start to year
Yahoo Finance· 2026-01-06 21:02
Group 1 - US stocks reached record highs, with the S&P 500 and Nasdaq Composite both rising by 0.6%, and the Dow Jones Industrial Average climbing 1% to close above 49,000 for the first time [1] - Nvidia and AMD presented their AI roadmaps at CES, with Nvidia launching the Vera Rubin AI superchip platform and AMD showcasing its Helios system [2] - Tech stocks such as Amazon, Micron, and Broadcom saw notable gains [3] Group 2 - The final reading of S&P Global's Services PMI for December indicated the US services sector grew at its slowest pace in eight months [3] - The recent shutdown has complicated the assessment of the Federal Reserve's interest rate decisions, with Chair Jerome Powell indicating a cautious approach until labor market data is clearer [4] - Copper prices surged above $13,000 a ton for the first time, driven by concerns over potential Trump tariffs and resulting stockpiles in the US [5]
Stock market today: Dow, S&P 500, Nasdaq nudge higher after Dow's rally to record
Yahoo Finance· 2026-01-06 14:35
Group 1: Market Overview - US stocks experienced a slight increase, with the S&P 500 rising by 0.1% and the Nasdaq Composite increasing by approximately 0.3% [1] - The Dow Jones Industrial Average remained roughly flat following a record-setting gain on Monday [1] Group 2: Energy Sector - Energy stocks outperformed following the US ouster of Venezuela's President Maduro, with Chevron seeing slight gains and Halliburton shares trading flat [2] - President Trump indicated that the US may provide subsidies to oil majors investing in Venezuela's oil infrastructure, following discussions with multiple companies [2] Group 3: Technology Sector - Wall Street is currently assessing the competitive roadmaps of Nvidia and AMD, with Nvidia launching its next-generation Vera Rubin AI superchip platform and AMD revealing its Helios system [4] - Updates from other tech companies like Intel and Qualcomm are anticipated as the CES event continues [4] Group 4: Economic Data - Attention is shifting towards upcoming jobs market data, with the final S&P Global reading on US services activity for December expected on Tuesday [5] - The recent lack of data due to shutdowns has complicated predictions regarding Federal Reserve interest rate movements, making the December jobs report particularly significant [6] Group 5: Commodities - Copper prices surged past $13,000 per ton for the first time, reaching a new record amid concerns over potential Trump tariffs, which are leading to increased stockpiling in the US [7]
Stock market today: Dow, S&P 500, Nasdaq futures take a breather after Dow's record-setting rally
Yahoo Finance· 2026-01-05 23:52
Group 1 - US stock futures paused as investors focused on Nvidia and AMD's next-generation AI platforms unveiled at CES [1][2] - Nvidia's CEO Jensen Huang introduced the Vera Rubin AI superchip platform and plans for a humanoid robot, while AMD's CEO Lisa Su showcased the Helios system with a promise of significant performance improvements in data center GPUs [1] - Updates from Intel, Qualcomm, and other tech companies at CES are expected to boost optimism in the AI sector, contributing to a positive market sentiment [2] Group 2 - The market reacted to the ousting of Venezuela's President Maduro, interpreting it as a potential opportunity for US corporations in energy and defense rather than a source of global instability [2] - Commodities showed a cautious trend, with gold futures experiencing their strongest daily gain since October as investors sought protection [3]
Stock market today: Dow, S&P 500, Nasdaq futures take a breather after Dow's record rally
Yahoo Finance· 2026-01-05 23:52
Market Overview - US stock futures are stable as investors evaluate AI roadmaps from Nvidia and AMD, with S&P 500 contracts hovering just below flat and Nasdaq 100 down approximately 0.2% [1] - The Dow Jones Industrial Average futures are also little changed following a record-setting rally on Monday [1] AI Developments - Nvidia's CEO Jensen Huang introduced the next-generation Vera Rubin AI superchip platform and plans for a humanoid robot at CES, while AMD's CEO Lisa Su showcased the Helios system, promising significant performance improvements in upcoming data center GPUs [2][3] - Updates from Intel, Qualcomm, and other tech companies at CES are expected to enhance optimism for the AI sector, which has positively influenced stock performance [3] Commodities and Corporate News - Copper prices surged past $13,000 per ton for the first time, driven by concerns over potential Trump tariffs and increased stockpiling in the US [5][11] - Vistra's stock rose 4% premarket after announcing a $4.7 billion acquisition of Cogentrix Energy to meet rising power demand for AI data centers [5] - Novo Nordisk's stock increased nearly 5% after announcing new pricing for its Wegovy pill, while Microchip Technology's stock rose 4% following an upward revision of its sales forecasts [6] - Under Armour shares climbed almost 3% after a filing revealed Fairfax Financial Holdings owns a 22% stake in the company [7] International Market Trends - Chinese stock markets reached multiyear highs, with the CSI 300 Index up 1.6% and the Shanghai Composite Index rising 1.5%, driven by optimism in AI development and signs of economic growth [8] - Asian stocks are experiencing their best start to a year, with gains in currencies and bonds as investors seek opportunities beyond the US [9]