The S&P 500 software & services index also rose 1.4% and the iShares Expanded Tech-Software Sector ETF jumped 2.4%
The S&P 500 Index was up 0.6% at 11:04 a.m. in New York, with seven of 11 sectors in the green, led by consumer discretionary and information-technology stocks
Stocks opened lower in Japan and Australia, indicating a headwind to sentiment after two days of advances for a gauge of the region’s stocks
The MSCI Asia Pacific Index gained for a second day, as shares rallied in Australia and Japan, and South Korea’s benchmark rose to a record.
Such outsize paychecks for bank CEOs haven’t been seen since before the financial crisis.
The battle over the use of agents is starting to come into focus
The advances in AI have been at the forefront of Wall Street over the past few years, with tech stocks leading the charge
Most equity benchmarks in the region have risen in 2026, currencies have shown resilience against external pressures, and demand for credit has pushed spreads to near record lows
Goldman vaulted to fourth in Indian equity offerings last year — after never ranking in the top five over the past decade
The Dow Jones Industrial Average crossed 50,000 for the first time, rising 2.5% as investors bet on US growth and interest-rate cuts despite renewed volatility around AI stocks.
Asian shares fell as much as 1.1% after Wall Street gauges declined, with the Nasdaq 100 suffering its worst three-day rout since April’s meltdown
Investors also await Friday’s US monthly jobs report for cues on labour market conditions and the future course of Federal Reserve policy.
Shares of Sandisk surged as much as 25% in early trading Friday before pairing some of those gains
Seen as a relatively hawkish choice, Warsh will need to navigate a president who in his second term pilloried Fed officials for not easing policy as aggressively as he would like
Fed frontrunner Kevin Warsh is viewed as one of the more hawkish candidates, raising concerns that interest rates could remain higher for longer.
The tech-heavy Nasdaq 100 Index fell 1.97% at 10: 45 a.m. in New York as Microsoft plummeted 11.84%, the most since 2020
More than 300 shares in the S&P 500 advanced, but the gauge lost steam as most megacaps retreated
Spot gold was up 1.4% at $5,259.78 an ounce by 09:13 a.m. ET (1413 GMT) after touching a record $5,311.31. Prices gained more than 3% in the previous session
The S&P 500 Index rose 0.2% as of 9:48 a.m. in New York, with the benchmark surpassing the 7,000-point milestone for the first time
Meta Platforms, Microsoft and Tesla are scheduled to report earnings after market close.
The upbeat mood in equity markets comes ahead of the Federal Reserve’s latest policy decision, with investors expecting interest rates to remain on hold
Not even a slide in consumer confidence prevented a fifth day of gains for the S&P 500, which approached 7,000
First-quarter projections for revenue and earnings both fell well short of Wall Street estimates
Nvidia Corp. climbed 1.5% as China told tech firms they can prepare orders for H200 AI chips. Intel Corp. sank 17% on a tepid outlook.
The Nasdaq composite slumped 1.5%. Trump said Saturday that he would charge a 10% import tax starting in February on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. European markets also fell and Treasury yields moved higher in the bond market.