Wall Street closes sharply higher as tech, chips and Tesla lead a broad risk-on rebound
Executive summary: U.S. stocks finished higher across the board, with the Nasdaq Composite up 4.3% and the S&P 500 gaining 3.2% as investors rotated back into technology, semiconductors and cyclicals. The standout move was in AI and chip shares, while Nvidia fell sharply, underscoring a highly selective rally rather than a uniform surge. Gold, silver and bitcoin weakened, while oil and the dollar firmed, pointing to a shift toward risk assets and away from defensive trades. [Continue Reading]
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Wall Street Opens Higher as AI Chips Lead a Broad Risk-On Surge, Gold and Bitcoin Slip
Executive summary: US equities opened sharply higher, led by a powerful rebound in AI and chip shares, while small caps, tech, banks and defense also advanced. The move came alongside weaker gold, silver, ether and bitcoin, suggesting investors rotated toward risk assets and away from havens at the open. The scale of the gains in semiconductors and the Nasdaq points to a market still being driven by AI leadership, even as some commodities and crypto cooled. [Continue Reading]
China rejects US Nvidia spy claims amid tech blockade dispute
China has accused the United States of "fabricating spy narratives" to justify what it called a technology blockade, escalating a dispute that has already drawn in Nvidia chief executive Jensen Huang. Foreign ministry spokeswoman Mao Ning said Beijing rejects the allegations and sees them as part of a wider effort to restrict China's access to advanced technology. The comments came after reports linking Huang to an alleged Chinese intelligence plot.Mao said China's technological progress is driven by independent innovation and open cooperation, and urged the US side to stop using spying claims as a pretext for imposing restrictions. The row... [Continue Reading]
Wall Street closes lower as Nvidia rout, hotter rates backdrop and commodity swings reshape the tape
Executive summary: U.S. equities finished lower, led by a sharp drop in Nvidia and weakness across the Nasdaq and S&P 500, while defensive pockets and select chip names held up better. The session also featured a jump in natural gas, a slide in oil and gold, and a firmer dollar against the yen, underscoring a market still wrestling with rates, inflation and AI trade volatility. [Continue Reading]
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Wall Street closes mixed as Nvidia slumps, megacap rotation lifts Dow and value pockets
Executive summary: Wall Street finished mixed, with the Dow Jones Industrial Average rising while the S&P 500 and Nasdaq Composite slipped. The session was dominated by a sharp Nvidia selloff, strength in Amazon, Apple, Meta and Microsoft, and a broader rotation away from tech and chips toward banks, defence and some cyclicals. Commodities were also volatile, with WTI crude, gold and Bitcoin lower, while natural gas surged. [Continue Reading]
Wall Street opens mixed as energy, chips and crypto swing sharply on oil and gas shock
Executive summary: U.S. markets opened with a split tape, as the Dow and Russell 2000 held gains while the S&P 500, Nasdaq and key growth sectors slipped. The biggest moves came in commodities and rate-sensitive assets, with natural gas surging, WTI crude and energy stocks falling sharply, and tech, chips and Ether under pressure. Banks and small caps outperformed early, suggesting investors were rotating toward value and domestically oriented names while reassessing the inflation and earnings implications of the commodity move. [Continue Reading]
Nvidia board opens independent probe as Jensen Huang faces China spy allegations
Nvidia has said its board has opened an independent investigation after media reports linked chief executive Jensen Huang to allegations involving a Chinese businesswoman and possible intelligence gathering for Beijing. The company said it has no reason to believe United States national security or confidential information was compromised. Shares in the chipmaker fell by more than 4 percent after the allegations surfaced.The board said it prioritises US national and economic security, and added that Huang fully supports the review. The controversy centres on reports that a former executive at a Singapore-based data centre company may have been recruited by Beijing... [Continue Reading]

