A “tame” inflation report toward the end of the week boosted expectations that Federal Reserve would cut interest rates, which helped lift stocks.
President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies.
Stocks closed on Friday near record highs, with the S&P 500 sitting just below the 6,900 mark as a twitchy bond market looks ahead.
Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the media industry.
US stock futures were in a holding pattern on Thursday as Wall Street waited for fresh data to test baked-in expectations that the Federal Reserve will deliver a December rate cut.
The week opened with a strong rally on Monday: the S&P 500 rose ~1.5%, and Nasdaq jumped nearly 2.7%.
US stock futures leaned higher on Wednesday, poised to maintain momentum on a modest rebound with jobs data on deck to help set interest-rate expectations ahead of the Federal Reserve policy meeting.
US stock futures inched into the green on Tuesday as investors assessed a fragile start to December trading.
US stock futures retreated on Monday morning, as bitcoin's slump deepened and Wall Street's strong late-November rebound looked set to hit a speed bump in the first trading day of December.
The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business.