No Data
Palantir Co-Founder Joe Lonsdale Concurs On AI Not Driving Immediate Growth: 'We've Failed So Far Because It's Not Impacting The Entire Economy Right Away'
Microsoft, Palantir Team up to Provide AI Services to US Defense, Intelligence Agencies
Overnight US stocks | The three major indices rose together, with concerns about recession cooling down, and the S&P recorded its largest one-day gain in two years.
At the close, the Dow rose 683.04 points, or 1.76%, to 39,446.49; the Nasdaq rose 464.22 points, or 2.87%, to 16,660.02; and the S&P 500 index rose 119.81 points, or 2.30%, to 5,319.31.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Delta to CrowdStrike: Don't Blame Us for Tech Problems -- Update
Foreign Headlines: Apple plans to launch the smallest Mac desktop computer to date, with Nvidia's market cap evaporating $900 billion from its June high. Wall Street expects the Fed to end quantitative tightening this year.
The top news that global financial media have been focusing on last night and this morning are: Wall Street expects the Federal Reserve to end the balance sheet reduction this year, but the possibility of an abrupt stop is low. The actual end date of the Federal Reserve's balance sheet reduction program depends on interest rate cuts and pressures in the financing market. Officials indicated that they will complete the reduction of US bonds before the end of the year. Many people on Wall Street believe that quantitative tightening is unlikely to end suddenly. However, the recent soft economic data and liquidity pressure risks have cast uncertainties on the prospects. More and more signs indicate that the economic growth is slowing down faster than expected a few weeks ago, causing a significant increase in global bond yields on Monday, with traders betting that the Federal Reserve and other central banks will