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Why Cathie Wood Says Forget Inflation and Growth Worries, as the Chip Rally Stalls
Barrons.com2d agobullish
Why Cathie Wood Says Forget Inflation and Growth Worries, as the Chip Rally Stalls

Rapid technological advancements are about to kick-start a period of economic growth that will make higher borrowing costs irrelevant, the ARK Invest CEO said on Monday, in a weekly newsletter. Chip and memory stocks were sliding in premarket trading, having helped power the Nasdaq Composite to a record high the previous session. Advanced Micro Devices declined 0.5%, after the chip maker topped a $1 trillion valuation for the first time ever on Monday.

Asian benchmarks mostly rise after Wall Street's rally
Associated Press2d agobullish
Asian benchmarks mostly rise after Wall Street's rally

Asian shares mostly rose early Tuesday, as the market mood turned positive from the overnight rally on Wall Street. Hong Kong's Hang Seng gained nearly 0.6% to 25,185.26, while the Shanghai Composite rose 0.4% to 3,964.45. Wall Street climbed to the edge of its all-time high Monday.

Nasdaq, Mag-7 Stocks Surge Toward Records
The Wall Street Journal3d agobullish
Nasdaq, Mag-7 Stocks Surge Toward Records

The Nasdaq composite is poised to close at its first record since June after adding to gains in afternoon trading. The tech-heavy index was recently up 2.3% to 27121, which would be the highest close on record.

Asian shares mostly rise, cheered by a US rally and easing oil prices
Associated Press6d agobullish
Asian shares mostly rise, cheered by a US rally and easing oil prices

Asian shares mostly rose in early Friday trading, getting a lift from a rally on Wall Street as well as declining oil prices. Japan's benchmark Nikkei 225 gained 0.8% in early trading to 64,662.11, as the Bank of Japan ends a two-day monetary policy meeting to decide on interest rates. Hong Kong's Hang Seng edged up 0.8% to 24,766.66, while the Shanghai Composite added nearly 0.8% to 3,905.34.

Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal7d agobullish
Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices. The Securities and Exchange Commission cleared a path for trading venues to offer tokenized stocks in the U.S., a landmark decision that may overhaul traditional equity markets.

10-Year Yield Moves Explain Today's Stock Rally
Barrons.com7d agobullish
10-Year Yield Moves Explain Today's Stock Rally

Stocks moved higher, a sharp reversal from yesterday's market action, after the Federal Reserve announced a rate increase. Peter Boockvar, CIO at One Point BFG Wealth Partners, credits the equity gains to easing in Treasury yields, alongside the pullback in oil futures. The Nasdaq Composite climbed 1.6%.