S&P 500, Nasdaq end at record highs after US-Vietnam trade deal
The S&P 500 and Nasdaq ended at fresh records Wednesday after President Donald Trump announced a trade deal with Vietnam, offsetting weak hiring data.
The session began in a dreary fashion after payroll firm ADP said the US private sector lost 33,000 jobs in June, adding to worries ahead of Thursday’s critical government jobs data.
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Read MoreIndian stock market: 8 things that changed for market overnight- Gift Nifty, Nasdaq at record to US-Vietnam trade deal
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open flat on Thursday, following mixed global market cues.
Asian markets traded mixed, while the US stock market ended mostly higher, with the Nasdaq and S&P 500 posting record closing highs.
On Wednesday,
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a positive start; Asian shares trade higher
Global Market LIVE Updates: Asian shares post modest gains before US payrolls
Asian markets edged higher as investors looked ahead to key U.S. jobs data, taking cues from the S&P 500’s record close after former President Trump announced a trade deal with Vietnam.
Read MoreTesla Stock Soars–But the Real Trouble May Just Be Starting
Tesla (NASDAQ:TSLA) stock popped 4.20% at 12.48pm today, after the EV giant reported Q2 deliveries of 384,122 vehiclesa 13% drop year over year, but not as steep as some of Wall Street’s worst-case scenarios. Many were bracing for a decline north of 20%, so this result brought a temporary sigh of relief.
» Read more about: Tesla Stock Soars–But the Real Trouble May Just Be Starting »
Read MoreTrial UCN’s US seafood wholesale pricing platform to access 577 proprietary assessments
Undercurrent News is offering a free week-long trial of its US wholesale seafood pricing platform, which now offers close to 600 weekly assessments of key commodities […]
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The Burst
Best AI Stock That’s Not Nvidia?
While the buzz around Artificial Intelligence (AI) has recently centered around companies like Nvidia, which boasts a trillion-dollar market cap, investors may be overlooking a potential gem in the tech landscape—NXP Semiconductors (NASDAQ: NXPI).
Despite its more modest market performance, NXP brings a unique approach to AI that could make it an intriguing investment opportunity.
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Read MoreThe Ivy
Is $2 Trillion Just The Start?
There used to be a time when daring to believe a single company would be worth a trillion dollars seemed like something out of a fable. Then Apple came along, and Meta, and Microsoft. All of them broke the seemingly insurmountable barrier and kept going.
It didn’t seem long before they then went on to hit market capitalizations of $2 trillion.
» Read more about: Is $2 Trillion Just The Start? »
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