Markets News
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.
Defense and Aerospace Stocks Gain Amid Regulatory Uncertainty Over Payouts
Defense and space equities advanced Friday, but investor focus is shifting to potential Pentagon restrictions on buybacks and dividends for underperforming contractors.
JPMorgan Leads Banking Rally as Dow Tops 50,000; Key Data Looms
JPMorgan shares surged nearly 4% to $322.40 on Friday, outpacing peers as the Dow Jones Industrial Average closed above 50,000 for the first time. Investors now await delayed jobs data, inflation figures, and a company update scheduled for February 23.
SK Hynix Shares Dip Amid Tech Sell-Off Despite S&P Credit Upgrade
SK Hynix shares declined 0.36% to 839,000 won on Friday, extending a weekly loss of 8% as Asian tech stocks retreated, even after S&P upgraded its credit rating to BBB+ with a positive outlook.
Bank of America Rises 3% Amid Financial Sector Rally, Eyes on Key Data
Bank of America shares climbed nearly 3% on Friday, riding a broad financial stock surge as the Dow closed above 50,000. Investors await delayed U.S. jobs and inflation reports next week.
Mastercard Shares Dip Amid Dow Milestone; Key Economic Data Looms
Mastercard stock declined 0.6% on Friday as the Dow Jones Industrial Average surged past 50,000. Investors await delayed U.S. jobs and inflation reports next week.
Costco Shares Surpass $1,000 Milestone as January Sales Show Strength
Costco stock closed above $1,000 after reporting robust January sales growth. Investors are watching whether the retailer can maintain momentum ahead of its March earnings.
J&J Stock Rises as Court Disqualifies Talc Litigation Firm, AFib Device Data Released
Johnson & Johnson shares gained 0.9% following a New Jersey appeals court decision to remove Beasley Allen from state talc cases and the release of early 12-month data for its investigational AFib device.