Global stock markets are on course on Friday for a week of heady gains as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies.
Australian shares closed higher on Friday, lifted by heavyweight financials, as market participants priced in the possibility of interest rates in the country staying higher for longer ahead of a key domestic inflation report due next week.
India's blue-chip index Nifty 50 index advanced to a new record high for the fifth consecutive session on Friday, aided by financials and information technology stocks.
Global stock markets were on course for a week of heady gains on Friday as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies.
India's blue-chip index Nifty 50 is set to hit a record high for the fifth straight session on Friday, moving in tandem with a global technology stocks-led rally that was triggered by AI-bellwether Nvidia's stellar earnings.
Australian shares rose on Friday, tracking a broader rally in global peers, while strong performances in domestic technology stocks and financials helped offset losses in commodities.
When one flagship stock in an industry drops a piece of very good news, many peers get lifts simply by association. That was the impetus behind the notable share price advances of quite a few specialty tech stocks on the second-to-last trading day of the week.
Nvidia’s NVDA stellar Q4 results and captivating outlook helped push markets higher on Thursday with the S&P 500 up roughly +2% and eclipsing record levels while the Nasdaq spiked +3%.
Growing demand for megacap stocks that tap global secular growth trends has catapulted European shares to fresh highs, although some say their star may wane as investors seek value elsewhere.
Earnings season continues to wind down, with the majority of S&P 500 companies already delivering quarterly results. The period has been primarily positive, with results from the Technology sector keeping market sentiment in c
The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +2.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.01%. Stock indexes on Thursday rallied sharply, with the S&P 500 and Dow Jones Industrials...
AI chipmaker Nvidia's stunning results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan's Nikkei since 1989, while bond yields mostly rose as economic data kept immediate hopes of interest rate cuts at bay.
The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
A look at the day ahead in Asian markets. Investors in Asia could not be going into Friday's trading in more bullish spirits as the U.S.-led surge in mega tech fuels a global stock market boom, although there will be temptation to book some profit ahead of the weekend.
Wall Street experienced a blockbuster session on Thursday, snapping a three-day losing streak after Nvidia's earnings boosted not only the tech sector but the broader market as a whole. The S&P 500 and Dow both touched record highs, with the latter surpassing the 39,000 lev
The S&P 500 and Dow Jones Industrial Average both surged to close at record highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
Nvidia (NASDAQ: NVDA) published fourth-quarter results after the market closed on Wednesday, and the report was nothing short of incredible. Despite sky-high expectations, the artificial intelligence (AI) leader actually delivered results that were far better than Wall Street ant
Most Latin American currencies eased on Thursday against a stronger dollar, with Mexico's peso slipping after a surprise drop in consumer inflation bolstered bets on local interest rate cuts.
Tech stocks jumped in late Thursday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 3.4% and the SPDR S&P Semiconductor ETF (XSD) advancing 2.8%.
Nvidia's stunning AI-related results sparked a worldwide wave of record highs in equity markets on Thursday, including the first new peak for Japan's Nikkei since 1989, while bond yields mostly rose as economic data kept immediate hopes of interest rate cuts at bay.