Stock Markets - Azzet - Business news, investments companies & executives

Sign inJoin Now

Stock Markets

Stock Markets
US futures steady after tech sell-off on AI fears
United States stock futures traded slightly higher on Thursday night (Friday AEDT) following a sharp sell-off in artificial intelligence-related shares that pushed major benchmarks lower. By 10:45 am AEDT (11:45 pm GMT), Dow futures rose 0.2%, while S&P 500 futures added 0.1% and Nasdaq 100 futures traded flat. In extended trading, Intuit shares jumped 3.5% after reporting first-quarter earnings per share (EPS) of $3.34, beating $3.09 expected, while revenue came in at $3.88 billion versus $3.76 billion expected. Gap rose 4.9% as its third-quarter same-store sales jumped 5%, aided by the viral “Better in Denim” campaign. Ross Stores also gained 2.8% after exceeding both top and bottom-line forecasts. Earlier in the session, strong third-quarter results from Nvidia briefly lifted the Dow; however, the company ended the day 3.2% lower, contributing to broader losses, with the stock on track for its worst month since March. At the U.S. close, the Dow fell 386 points, or 0.8%, the S&P 500 dropped 1.6%, and the Nasdaq slipped 2.2%. Market sentiment was further influenced by delayed September jobs data, showing stronger-than-expected job growth but a modestly higher unemployment rate. The week has been broadly ne
Stock Markets
US stocks end lower as tech slump resumes
United States equities resumed their slide on Thursday (Friday AEDT) as the post-earnings Nvidia rally in technology stocks faded. The Dow Jones Industrial Average fell 386.5 points, or 0.8%, to 45,752.3. The S&P 500 dropped 103.4 points, or 1.6%, to 6,538.8, while the Nasdaq Composite slumped 486.2 points, or 2.2%, to 22,078.1. Nvidia had rallied as much as 5% in early trade after the chipmaker posted quarterly earnings and a fourth-quarter sales outlook that topped expectations. However, sentiment quickly reversed, and the stock closed 3.2% lower as investors questioned whether the artificial intelligence boom could sustain recent valuations. In contrast, Walmart held onto gains, rising 6.5% after delivering stronger-than-expected fiscal third-quarter sales and revenue, supported by solid growth in its e-commerce division. Volatility jumped alongside the sell-off. The Cboe Volatility Index, Wall Street’s so-called fear gauge, surged 11.7%. On the data front, the U.S. Bureau of Labor Statistics released a shutdown-delayed September employment report showing the economy added 119,000 jobs, above forecasts of 50,000, while the unemployment rate ticked up to 4.4%. Following the data, the CME Group FedWatch Tool
Stock Markets
US futures back in the green on NVIDIA’s outlook
United States stock futures traded higher on Wednesday night (Thursday AEDT) as investors absorbed Nvidia’s blockbuster quarterly results, which appeared to restore confidence in major technology names and revive the broader AI-driven market rally. By 10:50 am AEDT (11:50 pm GMT) Dow futures added 0.4%, S&P 500 futures gained 1%, and Nasdaq 100 futures lifted 1.5%. Nvidia shares rallied 5.2% in after-hours trade after the chipmaker posted stronger-than-expected earnings and revenue, alongside a robust fourth-quarter sales forecast. The upbeat results boosted sentiment across the AI ecosystem in extended trading. Advanced Micro Devices climbed 4.1%, Broadcom added 2.8%, and Taiwan Semiconductor rose 3.1%. Elsewhere, Palo Alto Networks slipped 4.1% despite narrowly topping fiscal first-quarter expectations. Its second-quarter revenue outlook - between US$2.57 billion and US$2.59 billion - landed slightly below analyst forecasts. Stocks tied to data centre infrastructure were also lifted by Nvidia’s numbers, with Constellation Energy up around 2.7%, and Vertiv gaining 5.8%. In the prior session, all three major U.S. indexes finished higher as investors awaited Nvidia’s results. Even so, the indexes remain lower f
Stock Markets
US markets rise; Nvidia up 2.9% ahead of earnings
United States markets broke a four-session losing streak on Wednesday (Thursday AEDT), with Wall Street’s major indices rising as investors remained squarely focussed on Nvidia’s quarterly earnings report. The Dow Jones Industrial Average edged 47 points, or 0.1%, higher to close at 46,138.7. The S&P 500 climbed 24.8 points, or 0.4%, to finish at 6,642.2, while the Nasdaq Composite advanced 131.4 points or 0.6% to 22,564.2. Alphabet was among the standout performers, gaining about 3% and notching a fresh all-time high. The rally was driven by renewed optimism surrounding its next generation of artificial intelligence, Gemini 3, unveiled on Tuesday. Nvidia, another member of the so-called “Magnificent Seven”, rose roughly 3% during regular trade ahead of its quarterly results. After the closing bell, Nvidia delivered stronger-than-expected numbers, lifting a further 3.8% in after-hours trading, as adjusted earnings per share came in at $1.30, beating the $1.26 expected, while revenue reached $57.01 billion, ahead of the $54.91 billion consensus. Among individual stocks, Target reported a sharper-than-expected drop in quarterly sales as financially stretched U.S. consumers curbed discretionary spending, pushing its sh
Stock Markets
US futures tick up; Nvidia earnings keenly awaited
United States stock futures were little changed on Tuesday night (Wednesday AEDT) after major U.S. equity benchmarks extended their declines, weighed once again by pressure in technology shares. Investors are now bracing for Nvidia's upcoming earnings report, which is widely expected to offer a clearer read on the durability of the AI trade. By 10:35 am AEDT (11:35 pm GMT), futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were each trading 0.1% higher. In extended trading, shares of Constellation Energy rose 2.8% after the U.S. government said it would support the company with a federal loan. The Department of Energy confirmed Tuesday that the Trump administration will provide Constellation with a US$1 billion loan to restart the Crane Clean Energy Center nuclear plant in Pennsylvania. Previously known as Three Mile Island Unit 1, the plant is expected to return to service in 2027, with the loan set to cover most of the project’s estimated $1.6 billion cost. Tuesday’s session saw declines extend, with the Dow Jones Industrial Average and S&P 500 registering their fourth straight day of losses, and the S&P 500 posting its longest slide since August. The tech-heavy Nasdaq Composite also

Stock Markets
Markets: Wall St slides as tech extends sell off
United States benchmark averages retreated on Tuesday (Wednesday AEDT) as continued pressure on major technology names weighed on broader market sentiment. Investors remained cautious about the lofty valuations of artificial intelligence-linked companies, prompting a fourth consecutive day of declines for the S&P 500. The Dow Jones Industrial Average fell 498.5 points or 1.1% to 46,091.8, the S&P 500 slipped 55.1 points or 0.8% to 6,617.3, and the Nasdaq Composite declined 275.2 points or 1.2% to 22,432.9. Market losses were led by Nvidia, which dropped more than 1% amid mounting anticipation around its third-quarter results due after Wednesday’s close. The chipmaker’s shares have fallen 7.1% since last week as investors debate the longevity of the AI-driven equity rally and whether valuations remain justified, particularly as Big Tech continues to issue record volumes of debt. Amazon shed 4.4%, while Microsoft lost 2.7%. An expansive AI partnership unveiled on Tuesday failed to buoy sentiment. Anthropic said it would spend US$30 billion with Microsoft, while Microsoft and Nvidia pledged to invest billions in the AI start-up. Shares of both tech giants remained firmly lower despite the announcement, suggesting
Stock Markets
US futures edge higher; markets await Nvidia, key data
United States stock futures traded modestly higher on Monday night (Tuesday AEDT) after a renewed slump in technology shares pulled Wall Street lower in the previous session, with traders bracing for Nvidia’s earnings report and long-delayed labour market data later this week. By 10:40 am AEDT (11:40 pm GMT), Dow and S&P 500 futures were each up 0.1%, while Nasdaq 100 futures gained 0.2%. All three major U.S. indices finished in negative territory on Monday. The Dow Jones Industrial Average shed 1.2%, the S&P 500 slipped 0.9% and the Nasdaq Composite lost 0.8%. Nvidia fell around 2% ahead of its third-quarter results, due after Wednesday’s close. The chipmaker has been central to the debate over the sustainability of this year’s AI-fuelled rally, with investors increasingly concerned about narrow market breadth, stretched tech valuations, rising Big Tech debt issuance and the rapid depreciation cycle for AI hardware. Beyond Nvidia, markets will scrutinise data releases that could influence expectations for upcoming Federal Reserve decisions. Rate-cut bets have eased notably, with Fed funds futures pricing a 44.9% chance of a reduction at the December meeting - sharply lower than the more than 90% probability seen a
Stock Markets
US markets in the red as tech slump resumes
United States equities fell on Monday (Tuesday AEDT) amid renewed weakness in major technology names ahead of a pivotal week for earnings and economic data. The Dow Jones Industrial Average slid 557.2 points or 1.2% to 46,590.3, the S&P 500 dropped 61.7 points or 0.9% to 6,672.4, while the Nasdaq Composite declined 192.5 points or 0.9% to 22,708.1. Nvidia closed 1.9% lower ahead of its closely watched third-quarter results, due after the closing bell on Wednesday (Thursday AEDT). The chipmaker, along with other high-flying AI names, has come under pressure as investors reassess stretched valuations following this year’s strong run-up. Retail earnings will also be in focus, with Walmart, Home Depot and Target set to report this week, marking the end of the quarterly earnings season. Home Depot, which will release results before Tuesday’s open, finished the session 1.2% lower. Meanwhile, Alphabet bucked the broader sell-off, rising 3.1% to touch intraday record highs after Warren Buffett’s Berkshire Hathaway disclosed a new stake in the Google parent. On the data front, the New York Fed’s Empire State Manufacturing Index climbed to a one-year high, with general business conditions rising to 18.7, well ahead of t
Stock Markets
US futures mixed as focus turns toward NVDA earnings
United States stock futures were steady on Sunday night (Monday AEDT), signalling a cautious start to the week after a volatile stretch in which lofty valuations, sector rotation and shifting expectations for Federal Reserve rate cuts weighed on artificial intelligence-linked names. By 10:45 am AEDT (11:45 pm GMT), Dow Jones Industrial Average futures were flat, while S&P 500 futures rose 0.2% and Nasdaq-100 futures gained 0.3%. The Nasdaq Composite slipped 0.5% last week, dragged lower by declines in major AI beneficiaries including Alphabet, Amazon, Broadcom and Meta Platforms. The Dow and S&P 500 managed to post marginal weekly gains, although both suffered sharp drops on Thursday amid renewed pressure on high-growth technology stocks. Investors will look for fresh signals on the durability of the AI trade when Nvidia reports quarterly results on Wednesday. The update follows a choppy period for the sector, as markets reassess whether earnings momentum can justify elevated valuations. The week will also offer a clearer view of consumer health, with retail heavyweights Walmart and Home Depot due to report. Their results will help shape expectations for household spending heading into the final stretch of the year.