Wall Street retreated from record highs Thursday, October 30, as Federal Reserve Chair Jerome Powell cast doubt on additional rate cuts while massive AI spending by technology giants spooked investors worried that artificial intelligence investments may never generate adequate returns. The S&P 500 dipped 0.99% to finish the day at 6,822.34, while the Nasdaq Composite […]
Category: Finance
Tech megacaps drive indexes to fresh records as Microsoft secures $135B OpenAI stake, S&P 500 breaks through 6,800 barrier
Wall Street powered to new all-time highs Monday, October 28, as technology giants continued their relentless march higher on artificial intelligence optimism while the broader market took a breather following its recent torrid rally. The Dow Jones Industrial Average advanced 0.7% or 337.47 points to close at 47,544.59, marking a new record close, while the […]
Trump embarks on high-stakes Asia trip as government shutdown enters day 25, threatens 10% tariff hike on Canada after terminating trade talks
President Donald Trump departed for Asia on Saturday for his first major diplomatic mission of his second term as the government shutdown entered its 25th day with no resolution in sight to the budget crisis that has left hundreds of thousands of federal workers without paychecks. Trump is heading to the Kuala Lumpur Convention Center […]
Dow smashes through 47,000 for first time as cooler inflation data sparks relief rally, energy stocks surge on Russian sanctions
Wall Street roared higher Friday, October 24, as better-than-expected inflation data reinforced investor confidence that the Federal Reserve will continue cutting interest rates while corporate earnings remained robust enough to justify elevated valuations. The Dow gained 473 points or 1.01% and closed at 47,207.12, closing above 47,000 for the first time ever, capping a week […]
Markets whipsaw on China export fears as Trump’s mixed signals create investor confusion, gold tumbles 5% in steepest drop since 2020
Wall Street experienced violent swings Wednesday, October 22, as renewed concerns about U.S.-China trade relations combined with gold’s steepest single-day decline in five years to create a challenging environment for investors navigating conflicting signals from the Trump administration. The Dow Jones Industrial Average fell 334.33 points or 0.71% to close at 46,590.41, while the S&P […]
Stock market braces for Monday rebound after Trump calms trade war fears with reassuring weekend message
Wall Street prepared for a potential recovery rally on Sunday, October 12, as investors digested President Donald Trump’s conciliatory remarks about trade relations with China following Friday’s devastating selloff that wiped nearly one and a half trillion dollars from American stock values in a single trading session. Trump posted on Truth Social urging investors not […]
Market rally continues even as political clouds accumulate
On October 8, the U.S. stock market rebound picked up speed, despite mounting uncertainty in Washington. The S&P 500 and Nasdaq Composite each closed at new all-time highs thanks to strong gains in technology and chip-related stocks, while safe-haven assets also advanced, highlighting the dual-track nature of investor sentiment. The tech surge was particularly notable. […]
Markets reach new highs amid shutdown uncertainty
Despite the ongoing government shutdown, financial markets showed resilience on October 6, 2025. The S&P 500 and Nasdaq Composite reached new all-time highs, driven by optimism around advancements in artificial intelligence and semiconductor sectors. Advanced Micro Devices (AMD) saw a significant surge in its stock price following the announcement of a collaboration with OpenAI to […]
Trump’s Feud With Microsoft Over Lisa Monaco Raises New Fears of Political Retaliation
While the legal storm over Portland dominated headlines, President Trump simultaneously opened another front — this time against one of the world’s largest technology companies. Late on September 26, he posted on X (formerly Twitter) demanding that Microsoft dismiss Lisa Monaco, the firm’s head of global affairs, calling her “a partisan operative who tried to […]