(June 2): The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling.

The number of Americans fili...

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

US stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting.

Investors also looked on economic indicators, including the ADP National Employment Report that showed more-than-expected jobs additions in May, while a separate reading said weekly jobless claims increased modestly, both suggesting the labour market's resilience.

Wall St rises on debt ceiling deal cheer, hopes of Fed pause

US stocks closed down on Wednesday (May 31) as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labour market data rattled investors who fear the US Federal Reserve (Fed) might hike interest rates again in June.

Wall St falls as labour data spurs rate hike jitters before debt ceiling vote

US stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve.

A bill to lift the US$31.4 trillion US debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening.

Wall St falls on Fed hike jitters ahead of debt ceiling vote

Stocks on Wall Street closed mixed on Tuesday (May 30), pressured by worries about US lawmakers opposed to a deal to raise the US$31.4 trillion (RM144.97 trillion) debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at US$1 trillion.

Shares close mixed, Nvidia's 3% rise offsets debt ceiling jitters

The Nasdaq led gains among Wall Street's main indexes on Tuesday (May 30), boosted by shares of Nvidia, amid optimism about lawmakers tentatively agreeing to raise the nation's debt limit to avert a default.

Nasdaq boosted by Nvidia, tentative debt deal cheer

Wall Street's main indexes rose on Friday over progress in negotiations on raising the US debt ceiling, with investors shrugging off data pointing to slightly hotter-than-expected inflation.

After several rounds of talks, President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal to increase the government's US$31.4 trillion debt limit for two years, while capping spending on most items, a US official told Reuters.

Wall Street jumps on hopes of debt deal breakthrough

Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid US government debt that comes due in June and others preparing to deal with securities at risk of default.

Wall Street prepares for Treasuries mess as default looms

Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in US debt ceiling talks.

Wall Street ends higher as Nvidia sparks rush for AI stocks

The tech-heavy Nasdaq rose more than 1% on Thursday as Nvidia shares soared on a blowout forecast that also lifted other AI-related companies, while investors watched for signs of progress in US debt ceiling talks.

Shares of Nvidia Corp, the world's most valuable listed chip company, jumped 26.3% to hit a record high, after it forecast quarterly revenue 50% higher than estimates and said it was ramping up supply to meet demand for its artificial-intelligence (AI) chips.

Nasdaq jumps over 1% as Nvidia forecast sparks AI-driven rally

Nasdaq futures jumped more than 1% on Thursday, led by a surge in Nvidia after a blowout forecast, while talks on raising the US debt ceiling showed some signs of progress.

Nasdaq futures jump as Nvidia leads AI-driven rally

Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the US debt ceiling dragged on without a deal.

Wall St ends down as debt-ceiling clouds hover

Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting.

The lack of progress on raising the US government's US$31.4 trillion debt limit ahead of the June 1 deadline, with several rounds of inconclusive talks, has kept investors on edge as the risk of an unprecedented default looms large.

Wall St slides as debt ceiling talks drag on; Fed minutes in focus

Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields shot up as investor jitters grew over a lack of progress in US debt limit talks.

Wall St ends sharply lower on deadlocked debt ceiling talks

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Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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