The Dow Jones Industrial Average jumped on Friday, marking its best session of the year, as investors closed a strong month after the Federal Reserve’s preferred inflation measure met expectations.
The blue-chip Dow rose 574.84 points, or 1.51%, to 38,686.32, driven by gains in Salesforce (NYSE: CRM) and UnitedHealth (NYSE: UNH), which advanced 7.5% and 2.8%, respectively. The S&P 500 added 0.80% to 5,277.51, while the Nasdaq Composite edged lower by 0.01% to... (continue reading...)
Investing.com -- U.S. stock futures were mixed ahead of a new month of trading, after all three of the major indices on Wall Street clocked strong gains in May.
By 06:23 ET (10:23 GMT), the Dow futures contract had slipped by 32 points or 0.1%, S&P 500 futures had inched up by 10 points or 0.2%, and Nasdaq 100 futures had risen by 79 points or 0.4%.
September rate cut bets rise after PCE data reads as expectedWall Street indices surged on Friday after personal... (continue reading...)
Investing.com-- Advanced Micro Devices (NASDAQ: AMD) unveiled a new line of artificial intelligence chips at the Computex event in Taipei on Sunday, shortly after rival Nvidia (NASDAQ: NVDA) revealed its next generation of chips to power AI development.
Shares in AMD edged higher in premarket U.S. trading on Monday.
AMD said its new flagship AI chip, the MI325X accelerator, was set for launch in the fourth quarter of 2024. It also announced a new version of its Ryzen... (continue reading...)
Investing.com -- U.S. stock futures were mixed to begin a fresh trading week, with investors looking ahead to a key employment report later in the week that could influence on how Federal Reserve policymakers approach possible interest rate cuts this year. Meanwhile, Nvidia (NASDAQ: NVDA) unveils the latest generation of its crucial artificial intelligence chip as it attempts to address rising competition.
1. Futures mixed
U.S. stock futures were mixed ahead of a new... (continue reading...)
Investing.com -- Taiwan Semiconductor Manufacturing Company (TW:2330) is set to be bolstered by the latest wave of artificial intelligence-optimized chips announced by Nvidia (NASDAQ: NVDA), according to analysts at Goldman Sachs.
In an unexpected move over the weekend, California-based Nvidia revealed its latest chip architecture, calling it "Rubin." Slated to begin shipping in 2026, Rubin's unveiling comes before the company's next generation of data center processors... (continue reading...)
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