Wall Street kicked off November on a mixed note Monday, November 3, as artificial intelligence optimism propelled technology megacaps higher while defensive sectors and smaller companies struggled. The S&P 500 rose 11.77 points or 0.2% to 6,851.97, while the Nasdaq composite rose 109.77 points or 0.5% to 23,834.72, with the Dow Jones Industrial Average falling […]
Category: Tech
Fed cuts rates but Powell dampens December hopes, Meta craters 11% on AI spending fears as Trump-Xi trade truce falls flat
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 […]
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 declares breakthrough as Treasury Secretary Bessent confirms 100% China tariffs ‘off the table’ ahead of Thursday Xi summit
President Donald Trump expressed confidence, Monday, that his upcoming meeting with Chinese President Xi Jinping will produce a comprehensive trade deal as Treasury Secretary Scott Bessent told reporters that Trump’s threatened 100% tariff increase on Chinese goods is effectively off the table. Speaking aboard Air Force One en route to Japan from Malaysia, Trump added […]
Stocks hit all-time highs as Trump-Xi trade deal optimism sends S&P 500 up 1.2%, Bitcoin rallies on risk-on sentiment
Wall Street surged to fresh record highs Monday, October 27, as investors celebrated news that Chinese and U.S. trade negotiators have reached a substantial framework ahead of Thursday’s summit between President Trump and Chinese President Xi Jinping in South Korea. The S&P 500 climbed 1.2% as Chinese and US trade negotiators have lined up an […]
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 […]
Trump finds Pentagon funds to ensure military pay as shutdown enters second week, orders layoffs of more than four thousand federal workers
President Donald Trump announced Saturday, October 11, 2025, that he has identified funds to pay active duty military members next week despite the ongoing government shutdown, fulfilling a promise he made to service members gathered at Naval Station Norfolk days earlier. Trump posted on Truth Social that he would direct Secretary of War Pete Hegseth […]
Markets Pause as Shutdown Drags On, Gold Hits $4,000
U.S. stock markets experienced a slight pullback Tuesday, ending a seven-day winning streak. The S&P 500 lost 0.4%, the Dow Jones Industrial Average declined by 0.2%, and the Nasdaq Composite fell 0.7%. Declines in major technology firms like Tesla and Oracle contributed to the market downturn, despite gains in stocks tied to artificial intelligence advancements. […]
Senate Rejects Funding Bills Again as Shutdown Enters Second Week
On Tuesday, the U.S. federal government shutdown entered its seventh day, with no resolution in sight. The Senate failed for the fifth time to advance legislation aimed at ending the shutdown. The latest vote on a Republican-backed continuing resolution (CR) fell short with a 52–42 tally, lacking the 60 votes needed to proceed. Democrats opposed […]