Markets News
Chevron Nears 52-Week High Amid Oil Price Volatility, Executive Trading Activity
Chevron shares advanced 0.9% to $180.86, approaching a yearly peak as crude prices climbed on geopolitical tensions. An executive's stock sale and upcoming economic data are in focus.
ICBC Imposes Weekend Gold Caps as Investors Await China Inflation Data
ICBC's A-shares closed lower Friday as the bank announced quota controls on its gold accumulation service. Market focus shifts to upcoming CPI and PPI data for signals on monetary policy and banking sector margins.
Caterpillar Soars 7%, Propels Dow Past Historic 50,000 Mark
Caterpillar surged over 7% on Friday, driving the Dow Jones Industrial Average above 50,000 for the first time. Investors now await key U.S. economic data on jobs and inflation next week.
P&G Shares Hold Near $159 as Fed Rate Cut Speculation Resurfaces
Procter & Gamble stock closed at $159.17, up 0.4%, while the Dow surged to a record 50,115.67. Investors eye potential Fed rate cuts and P&G's upcoming dividend payment.
Utilities Sector Faces Rate Sensitivity Test Amid Upcoming Economic Data
Utility stocks underperformed the broader market rally Friday as investors await key jobs and inflation reports that could pressure the dividend-heavy sector through Treasury yield movements.
Real Estate Stocks Rally on Rate-Cut Hopes; Key Economic Data Ahead
U.S. real estate equities gained Friday, led by the Real Estate Select Sector SPDR Fund (XLRE), as markets anticipate potential Federal Reserve easing. Upcoming jobs and inflation reports could influence the sector's momentum.
Communication Services Sector Trails Market Rally Amid AI Spending Concerns
The Communication Services Select Sector SPDR Fund (XLC) declined 0.39% on Friday, underperforming the S&P 500's 1.97% gain. Key holdings like Alphabet and Meta fell as investors weigh heavy AI-related capital expenditures.
Industrial Sector Powers Market Rally as Dow Tops 50,000 Milestone
Industrial stocks led a broad market advance Friday, propelling the Dow Jones Industrial Average above 50,000 for the first time. Investors now await key delayed economic reports for direction on monetary policy.
Financial Stocks Surge as Dow Tops 50,000; Fed Signals and Data in Focus
U.S. financial shares rallied Friday, with the XLF ETF climbing 1.8% and the Dow closing above 50,000. Key inflation and jobs reports due next week will test the sector's momentum.
Tech Giants Diverge on AI Investment Outlook: Amazon Retreats While Nvidia Surges
Major technology stocks showed sharp divergence as Amazon shares dropped on ballooning AI capital expenditure forecasts, while Nvidia rallied on strong chip demand. The Dow Jones Industrial Average closed above 50,000 for the first time.
Data Center Stocks Rally on AI Spending Plans, Setting Stage for Key Earnings
Shares of major data center operators surged Friday, fueled by massive capital expenditure forecasts from tech giants. The sector's outlook hinges on upcoming earnings and capacity constraints.
Quantum Computing Stocks Stage Sharp Recovery Amid Broader Market Rally
Leading quantum computing equities surged 15-21% on Friday, rebounding from prior losses as the Dow crossed 50,000. Investors await key economic data and IonQ's earnings amid contract scrutiny.