Europe’s benchmark STOXX 600 index climbed to a record high of 653.19 on Friday before easing to trade around 652.66, putting it on track for its biggest weekly gain in more than a month. European equities are drawing a more constructive read from Wall Street, with several major brokerages revising their targets upward in recent
Nvidia (NVDA) shares edged lower on Thursday, extending a recent pullback. The stock started the day in the green and even went on to reclaim the $200 mark, but fell shortly after. Shares of Nvidia fell about 1% in early trading after finishing Wednesday below the $200 level, a level it has struggled to hold
Meta Platforms shares META surged in trading on Wednesday following a report that the company is developing a cloud infrastructure business that would sell artificial intelligence computing power and AI models to external customers. The proposed business would allow Meta to generate revenue from excess AI computing capacity, potentially creating a new source of income
US job openings held steady in May at a higher-than-expected level, reinforcing signs that the labor market remains resilient despite lingering uncertainty over economic growth and hiring. The number of available jobs stood at 7.6 million in May, unchanged from the previous month but above economists’ expectations of 7.3 million, according to the latest Job
The Schwab US Dividend Equity ETF (SCHD) has performed well this year despite trading within a tight range over the past few weeks. Its total return has risen 19% year-to-date, outperforming Invesco’s QQQ, which has returned 15.2%, as well as JPMorgan’s JEPI at 7.0% and Vanguard’s VOO at 7.53%. SCHD ETF inflows have soared this
The S&P 500 Index has come under pressure in the past few days, moving from the year-to-date high of $7,620 to the current $7,354. This retreat continued amid the rising jitters that the AI boom is ending. This article highlights some of the top catalysts for the index and its ETFs like VOO and SPY.
A growing chorus of China’s most influential hedge fund managers is sounding the alarm on what they describe as a dangerously overheated global AI trade. After an explosive run-up in semiconductor and model‑development stocks from Seoul to Silicon Valley, several of Beijing’s money managers now argue the rally has detached from fundamentals – and that