Wall Street Opens Higher as Tech and Chips Surge, Oil Slides Sharply, and Risk Appetite Broadens
Executive summary: U.S. markets opened with a powerful risk-on tone, led by a sharp rally in technology and semiconductor shares. The Nasdaq Composite jumped +5.4%, the S&P 500 rose +2.9%, and the Dow added +1.9% in early trade. The biggest move came from SOXX, which surged +8.7%, while WTI crude tumbled -8.5%. The combination points to a market that is rewarding growth, easing some inflation pressure from energy, and rotating toward cyclical and risk assets, though the size of the moves suggests sentiment may still be highly headline-sensitive. [Continue Reading]
360LiveNews Markets Intelligence | 04 Aug 2026 14:45 LONDON
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Noontime News Recap: Deadly fires, floods and strikes hit multiple regions as BP and Palantir beat forecasts
Russian and Ukrainian strikes overnight have killed civilians on both sides of the border, while also hitting logistics sites, according to regional officials and local authorities. 🔗In Crimea, Russian installed officials said four people were killed when a soldier opened fire in the village of Khmelnytske, and three others were wounded as the investigation continues. 🔗In Ethiopia, 14 people were killed when a landslide struck Tsadqane D monastery in the northern Amhara region during an overnight prayer service, according to local reports. 🔗Severe weather has also caused fresh loss of life in Asia, where Sri Lanka has closed schools in... [Continue Reading]
360LiveNews Recap | 04 Aug 2026 12:21 LONDON
Palantir raises annual forecast after second-quarter revenue jumps 93%
Palantir Technologies has reported a sharp rise in second-quarter revenue and lifted its full-year outlook, sending its shares more than 14% higher in after-hours trading. The company said revenue reached $1.94bn in the quarter, up 93% from a year earlier. It said the growth was driven by strong demand from both commercial customers and government agencies.Chief executive Alex Karp said the quarter was "otherworldly" and said US commercial revenue grew 149% year on year. In a letter to shareholders, he said the business was compounding at a pace and scale the company had not seen before. Palantir also raised its... [Continue Reading]
360LiveNews | 04 Aug 2026 11:33 LONDON
Day News Recap: Deadly strikes and unrest spread from Moscow to Sudan, while markets track yen and oil moves
Russia said a bombing at an upmarket restaurant in central Moscow killed five people and injured 19, and blamed Ukraine for the attack. 🔗Across the wider war, officials in Ukraine and Russia reported a fresh exchange of strikes that left at least 14 people dead in total, while a separate Ukrainian drone attack set fire to a Wildberries warehouse in Russia's Vladimir region and a Russian bombardment destroyed eight million books in a Kharkiv warehouse. 🔗 🔗 🔗In the Middle East, a second Qatari LNG tanker was struck in the Strait of Hormuz within a month, widening force majeure concerns,... [Continue Reading]
360LiveNews Recap | 03 Aug 2026 18:18 LONDON
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Europe closes higher as oil slumps, DAX leads broad risk rally, euro and sterling firm
Executive summary: European equities finished higher, led by Germany’s DAX, as a sharp drop in Brent crude eased pressure on risk assets and helped support autos, metals and broader cyclicals. The move came alongside a weaker dollar, firmer euro and sterling, and gains across the Euro Stoxx 50, CAC 40 and FTSE 100. Gold also advanced, while silver slipped and USD/JPY fell sharply, underscoring a session dominated by commodity, FX and rate-sensitive moves. [Continue Reading]
360LiveNews Markets Intelligence | 03 Aug 2026 16:45 LONDON
Pentagon accelerates Patriot and THAAD interceptor production amid stockpile strain
The United States Department of Defense has announced new agreements with Lockheed Martin and Northrop Grumman to expand production of missile defence interceptors used in the Patriot PAC-3 and THAAD systems. The move is aimed at increasing output as the Pentagon seeks to rebuild stockpiles under pressure from ongoing military commitments. The announcement was made on Monday and was followed by a separate Army contract for Patriot interceptors later in the week.The U.S. Army awarded Lockheed Martin a contract worth more than $58bn to produce Patriot interceptor missiles, converting a previous one-year agreement worth $4.7bn into a seven-year deal. Northrop... [Continue Reading]
360LiveNews | 03 Aug 2026 16:33 LONDON
Wall Street opens higher as Nasdaq leads, oil and chips slide, gold firms
Executive summary: U.S. stocks opened broadly higher, with the Nasdaq Composite leading gains and the S&P 500 and Dow also advancing. The move came alongside a sharp drop in WTI crude, a selloff in AI and chip shares, and a stronger yen against the dollar. Gold and platinum rose, while Bitcoin, Ether and silver fell, pointing to a mixed risk backdrop even as large-cap equities held up at the open. [Continue Reading]
360LiveNews Markets Intelligence | 03 Aug 2026 14:45 LONDON
Michigan joins Minnesota in reporting cyberattacks on water systems as FBI investigates
Michigan has reported cyberattacks on nine of its water systems, widening a developing investigation that first emerged in Minnesota earlier in the week. The FBI said it is investigating both incidents, while federal agencies have warned that water and wastewater infrastructure may be being targeted. Officials said no culprit has been identified so far.Michigan's Department of Environment, Great Lakes and Energy said the state received a federal cyber alert on Tuesday about attempts to tamper with operational technology in water systems. Soon after, it received a small number of reports from communities indicating activity consistent with what federal agencies had... [Continue Reading]
360LiveNews | 02 Aug 2026 00:00 LONDON
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Asian chip stocks plunge after SK Hynix results disappoint
Shares in Asian chip and artificial intelligence-linked companies fell sharply on Wednesday after SK Hynix reported results that missed investor expectations. The sell-off pushed South Korea's Kospi index lower for a second straight day, with the benchmark sliding by as much as 12.6% at one point. The move also weighed on Samsung Electronics and other semiconductor names, extending a broader rout in the region's technology shares.SK Hynix said it had posted record second-quarter profits, but the figures still fell short of what investors had been looking for. Its shares dropped by as much as 16% after the announcement, according to... [Continue Reading]
360LiveNews | 29 Jul 2026 10:02 LONDON
