Wall Street rallies as trade optimism and easing geopolitical risks boost stocks. Nike soars 18% on earnings, oil plunges and the dollar hits multi-year lows.
Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal Reserve lifted investor sentiment.
Up to 59.1% patients enrolled in the study achieved metabolic dysfunction-associated steatohepatitis resolution without worsening of fibrosis at 24 weeks, as compared to merely 19.1% for placebo.
Micron Technology’s artificial intelligence-powered third-quarter outperformance could be a welcome relief to traders who are left to contend with macro and geopolitical challenges.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
An unexpected drop in a key consumer confidence reading proved positive, as it raised rate cut odds, vindicating the stance of a couple of central bank officials, who have begun calling for a July rate cut.
Gorilla Technology will acquire Thai firms CNS and CANS, enhancing its AI-driven platform and expanding its reach across Southeast Asia’s growing edge AI and cybersecurity markets.
Following last week’s quarterly print, BofA analyst Omar Dessouky raised the price target for the stock to $4.50 from $1.50 but maintained an ‘Underperform’ rating.
President Donald Trump said in a Truth Social post, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE” in about six hours from the time of his posting (6:02 p.m. ET), lasting through 12 hours.
Wall Street resilient as Iran fires missiles at U.S. bases in Qatar and Iraq, defying expectations in energy market. U.S. equities and gold up, bonds down.
Among the Main Street catalysts traders look forward to in the new week are S&P’s flash private sector activity readings for June, the personal income and spending report for May, two June consumer confidence readings, and the weekly jobless claims data.
The acquisition has been greenlit by Couchbase’s board and is expected to finalize in the second half of 2025, pending shareholder approval and regulatory clearance.
