The S&P 500 and Nasdaq hit fresh 2023 highs on Friday as Tesla shares jumped following a tie-up with General Motors, while investors awaited inflation data and US monetary policy decision due next week.

S&P, Nasdaq hit fresh 2023 highs as Tesla rallies

Retail trading in US stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate outlook prove hard to resist.

Retail traders tiptoe back into US stocks after three-month hiatus

For all the frenzy around artificial intelligence (AI), there’s a quiet investor backlash building against the tech oligarchy’s recent stock market run.

T Rowe Price Group Inc, Bank of America Corp and Citigroup Inc are among those who reckon the hype around all things AI is topping out. But they contend that’s not bad news for the market because so-called cyclicals — ‘old economy’ companies such as banking and mining — are primed for a rebound.

‘Old economy’ stocks poised to pick up slack when AI mania eases

A rally in technology stocks resumed on Thursday (June 8), pushing the S&P 500’s gains since an October low past 20%, the marker of a bull market.

A jump in jobless claims to the highest since October 2021 delivered a boost to the tech sector, which had been flagging under speculation the US Federal Reserve (Fed) will keep interest rates higher for longer. The jump in claims shows the labor market, while largely resilient, is starting to show signs of cooling.

S&P 500 enters bull market as tech rally resumes

The tech-heavy Nasdaq led gains on Wall Street on Thursday as a dip in Treasury yields supported megacap stocks, though investors remained cautious ahead of inflation data and the Federal Reserve's policy meeting next week.

The two-year Treasury yield, which tends to move in step with short-term rate expectations, slipped from one-week highs to 4.5% after a sharp jump in weekly jobless claims signaled a softening labour market.

Wall Street climbs as yields slip on jobless claims data

The once-hot Wall Street trades of 2023 are all falling apart, in a fresh blow to market pros blindsided again and again ever since the pandemic broke out.

Nearly half way into the year, a slew of consensus bets are losing big time as the US economy defies the recession bears, the artificial-intelligence (AI) craze heats up and more.

Wall Street’s once-hot trades of 2023 are unravelling in markets

S&P 500 and Nasdaq gave up early gains to drop on Wednesday as technology stocks reversed course, while investors awaited inflation data and the Federal Reserve's policy meeting next week.

Major technology and growth stocks fell between 0.1% and 3.1%, barring Netflix and Tesla, which rose 1.1% and 1.8%, respectively.

S&P 500, Nasdaq fall as tech shares give up gains

Wall Street's main indexes slipped on Tuesday (June 6) as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data adding to uncertainty around the rate path.

Wall Street slips as mixed data fuels Fed policy uncertainty

(June 6): Intel Corp, the largest US chipmaker by revenue, will sell part of its holdings in Mobileye Global Inc, raising about US$1.48 billion for its ambitious spending plans.

Intel to raise about US$1.5b in sale of part of Mobileye

US equities edged lower on Monday (June 5) after both technology and energy stocks erased earlier gains in subdued trading volume.

Tech shares led the S&P 500 lower with Apple Inc erasing gains of as much as 2% in anticipation of a new mixed-reality headset. Oil majors Chevron Corp and Exxon Mobil Corp also slipped after rallying earlier on higher oil prices following a Saudi Arabia supply cut.

Stocks fall as tech rally halts, oil pares gain

With a debt ceiling deal freshly signed into law Saturday (June 3) by President Joe Biden, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers.

Trillion-dollar Treasury vacuum coming for Wall Street rally

US stocks closed higher on Friday (June 2) after a labour market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default.

Wall Street ends up on jobs data, debt default averted

US stock indexes rose on Friday after jobs data showed a moderation in wage growth, boosting bets that the Federal Reserve will skip hiking rates this month, while investors cheered the country averting a catastrophic debt default.

The tech-heavy Nasdaq index touched its highest intraday level in over 13 months and headed for its sixth straight week of gains, its best streak since January 2020.

Wall St rises after jobs data; debt default averted

Shares of Verizon Communications Inc, AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the US telecom firms to offer low-cost wireless services to its Prime members.

Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for US$10 a month or lower to Prime members through these partnerships.

Us-stocks

‌
‌

Us-stocks

‌‌

‌
‌