Today: 2 July 2026

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia rallied 7.8% Friday, pushing chipmakers higher and sending the Dow Jones Industrial Average past 50,000 for the first time. The PHLX semiconductor index tacked on 5.7%. Advanced Micro Devices jumped 8.3%, Broadcom added 7.1%. Amazon, meanwhile, slid 5.6% after issuing a cautious spending outlook. “There’s enough evidence that there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. Investors are grappling with how to factor in a $600 billion artificial intelligence investment push planned by major tech players for 2026—a move that's started rattling shareholders in the cloud and software sectors. According to Reuters, the S&P 500 software and services index has shed nearly $1 trillion in value since Jan. 28. “It’s not that the trade is over, but it got too pricey,” said Andrew Wells, chief investment officer at SanJac Alpha.
7 February 2026
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City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday

City Developments Limited stock: $709 million land bid puts CDL share price in focus for Monday

Singapore, Feb 7, 2026, 15:34 SGT — The market has closed. City Developments Limited is set for a fresh spark next week, as a CDL-led consortium put in the highest offer—S$709.25 million—for the Government Land Sale site at Tanjong Rhu Road. That works out to roughly S$1,455 per square foot per plot ratio, coming in above bids from teams linked to Sunway MCL, Sim Lian, and GuocoLand. Shares in CDL ended Friday down 0.6% at S$9.57.
7 February 2026
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iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

Singapore, Feb 7, 2026, 15:27 SGT — The session ended with markets closed. iFAST Corp dropped 3.2% to close at S$9.64 on Friday, with roughly 2.6 million shares changing hands. The digital wealth manager, listed in Singapore, saw its stock move between S$9.62 and S$9.90 during the session. It's now sitting about 13% off the 52-week high of S$11.06, company figures indicate.
7 February 2026
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CapitaLand Investment share price jumps as CapitaLand REIT payouts roll in — what’s next for 9CI

CapitaLand Investment share price jumps as CapitaLand REIT payouts roll in — what’s next for 9CI

Singapore, Feb 7, 2026, 15:08 — The market has closed. • CapitaLand Investment shares topped the Singapore market in the final session ahead of the weekend.• Sentiment got a push from new full-year distribution numbers at CapitaLand Integrated Commercial Trust and Ascendas REIT.• For next week’s earnings, investors are still watching China exposure and currency moves as major variables.
7 February 2026
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Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

Keppel stock holds near 12-year high after profit jump, special dividend; buyback adds support

Singapore, February 7, 2026, 15:11 SGT — Market closed. Keppel Ltd closed out Friday at S$11.64, ticking up 0.17%. With the weekend break in play, traders are watching to see if momentum from its results sticks when trading resumes. According to a filing, Keppel repurchased 151,400 shares on Feb. 6, paying between S$11.38 and S$11.55 a share, for a total outlay of about S$1.74 million with costs factored in.
7 February 2026
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Singtel share price cools after STT GDC deal surge, with earnings date now in focus

Singtel share price cools after STT GDC deal surge, with earnings date now in focus

Singapore, Feb 7, 2026, 14:55 — Market closed. Singapore Telecommunications Ltd slipped 1.3% to S$4.72 by Friday’s close, notching a third straight fall after touching a new high earlier this week following its data centre deal with KKR. Singapore markets are off for the weekend, leaving traders waiting to see on Monday if buyers step in—or if the drop sticks.
7 February 2026
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Stock Market Today

  • US Stock Futures Slip as Investors Brace for Jobs Data
    July 1, 2026, 6:51 PM EDT. US stock futures slipped 0.1%, with Dow Jones, S&P 500, and Nasdaq 100 all lower ahead of Thursday's June jobs report. Tech names, especially chip stocks, saw a weaker session. Comments on inflation from Fed Chair Kevin Warsh and stalled US-Iran talks kept sentiment in check. The jobs numbers hit at 8:30 a.m. ET and could steer the Fed's next rate move. Unemployment is expected to be flat, but stronger hiring could push up odds for a rate hike later this year and move markets.
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