US Indexes were yet again underpinned by a surge in semiconductor stocks, namely Nvidia, on AI enthusiasm as investors awaited further update on trade deals after the White House confirmed that countries should submit their best trade offers by Wednesday.
Stocks shrugged off rising tensions between China and the U.S. that threatens to spark a global trade war between the largest two economies.
Stocks ended lower on Friday as chip stocks including Nvidia were pressured rising U.S. China trade tensions, wrapping up a month where the US indices had their strongest month since 2023.
Stocks were lucky to be saved by Nvidia’s earnings result overnight, with the worlds 3rd biggest company, single handedly holding up the index against broader weakness
Stocks drifted lower overnight on fresh trade-related angst after President Donald Trump reportedly ordered U.S. chip software makers to stop selling to China, and the Federal Reserve’s May meeting minutes underscoring tariff-related uncertainty.
Stocks rose sharply overnight after U.S. consumer confidence rebounded following a five-month slump, cooling fears about the economy just days after President President Donald Trump postponed plans to impose steep trade tariffs on the European Union.
Stocks ended the week lower as President Trump reignites threats of tariffs against the EU and Apple, while the uranium sector bounced on an executive order on Nuclear power
Stocks ended flat overnight as dip-buying in tech was kept in check by fragile sentiment amid ongoing concerns over high US debt levels
Surging Treasury yields put the squeeze on stocks as US30Y yields equalled their highs in 2023, which is the highest point in nearly 18 years, amid worries about the economy and the Republican tax bill lacking fiscal responsibility
Stocks snapped a six-day win streak, as the tech rally took a breather, while multi decade highs in global 20Y-30Y bond yields cast a dark shadow over the cost of capital long term. Japanese 20Y yields surged to 25 year highs, while 30Y bonds hit record levels.
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
