US stocks finish up as chip shares surge and oil falls
Nasdaq led gains as U.S. stocks finished up on Thursday. Chipmakers rallied, and oil pulled back after an early U.S.-Iran deal took some heat off inflation worries.
TSMC trades close to highs before holiday as Taiex rides AI wave
Taiwan Semiconductor Manufacturing Co. headed into the Dragon Boat Festival holiday trading at record highs in Taipei. Its U.S.-listed ADR kept moving higher too, with buyers staying focused on AI chip-linked shares.
Mortgage rates drop as Iran deal sends yields lower; Fed caution limits move
Mortgage rates in the U.S. edged lower this week after a U.S.-Iran deal helped cool oil and bond markets. Freddie Mac on Thursday put the average 30-year fixed rate at 6.47%, down five basis points from last week’s 6.52%. A year ago that rate was 6.81%.
Chips push Wall St higher, oil’s slide softens Fed hit
Chip stocks boosted Wall Street late Thursday morning, with U.S. indexes moving up as oil prices fell and some inflation worries cooled despite a firmer tone from the Federal Reserve. The Dow Jones Industrial Average added 0.36% at 11:23 a.m. ET, while the S&P 500 was up 0.91%. The Nasdaq Composite climbed 1.25%.
Bitcoin Nears $64,000 on Return of Fed Rate-Hike Concerns
Bitcoin dropped toward $64,000 on Thursday, losing most of its recent gains after the Federal Reserve indicated that U.S. interest rates might increase. The CoinDesk 20 Index, which tracks major digital assets, fell over 1.2%.
XRP Falls Under $1.20 as Fed Boosts Dollar
XRP dropped below $1.20 on Thursday as investors reduced crypto holdings after the Federal Reserve indicated U.S. borrowing costs might increase later this year. The token traded around $1.17, down as much as 3.9% over the previous 24 hours earlier in the session.
Dow Futures Edge Up as Oil Drops, Traders Watch Fed Rate Moves
Dow futures bounced early Thursday, regaining some ground after sliding on the Fed on Wednesday. Cheaper oil and a rally in chip names helped the mood ahead of the final U.S. trading day this week.
US Futures Edge Up; Intel Moves, Fed Rate-Hike Caution Lingers
U.S. stock index futures were higher Thursday, with Intel and chip stocks lifting the tech sector. A decline in oil prices also eased some of the inflation worries that lingered after the Fed’s latest policy meeting.
Wall Street Slips After Hours, Fed Flags Rate Risk
NEW YORK — U.S. stocks slipped further in after-hours trade Wednesday, following a steep drop on Wall Street. The Federal Reserve kept rates unchanged but indicated the next move might be up, not down.
Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny
Meta Platforms dropped hard Wednesday, lagging the Nasdaq. Investors cut down tech giants after the Federal Reserve pointed to a possible interest-rate hike as its next step.
Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares
Microsoft stock fell harder than the main indexes on Wednesday as the post-Fed slide hit tech heavyweights. The move put the company at the center of the latest talk about artificial intelligence costs.
Fed Keeps Rates Unchanged; All Eyes on Warsh Debut
The Federal Reserve left rates steady Wednesday, holding the federal funds target at 3.50%-3.75%. It was Kevin Warsh’s first policy meeting as chair, and the changes were obvious—a briefer statement, no sign of an easing bias and a fresh rate outlook pointing to higher rates this year. The vote to keep rates unchanged was unanimous.
Ford shares fall on Fed rate concerns, China software rule in focus
Ford Motor Co shares fell Wednesday, sliding as part of a market-wide decline after the Federal Reserve hinted its next step might be a rate hike, not a cut. The stock finished the day at $13.96, off about 3.1%. It was trading close to the session's low late in the day.
Dow sinks 506 points after Fed decision leaves rates steady, risk of hike rises
Dow slips as Fed holds rates steady, signals possible hike this year. Index dropped Wednesday after a brief climb above 52,000 faded when the Federal Reserve kept rates unchanged and flagged a chance of higher borrowing costs ahead.
US shares slip as Fed keeps rates steady, eyes possible 2026 hike
U.S. stocks slumped late Wednesday. The Federal Reserve kept rates unchanged, but markets didn’t find much hope for a rate cut soon. The S&P 500 slid 91.23 points, or 1.2%, to 7,420.12. The Dow Jones Industrial Average dropped 506.51 points, or 1.0%, to 51,493.16. The Nasdaq Composite was down 354.69 points, or 1.3%, closing at 26,021.66.
Rocket Companies (RKT) pulls back as Fed outlook dents mortgage lenders
Rocket Companies shares lost close to 6% late Wednesday, dragged down by higher rates pinching mortgage lenders and a new analyst downgrade casting doubt on any quick upside for the stock.
Dow steady near high as traders wait for Fed decision
Dow Jones climbed in regular trading Wednesday, staying close to its record. The broader U.S. market was mixed ahead of the Fed decision expected later. According to the latest LSEG figures on Reuters, the Dow added 169.86 points, or 0.33%, to 52,169.53. The S&P 500 dipped 0.07%. Nasdaq Composite lost 0.15%. Quotes lagged at least 15 minutes.
Wall Street mixed with Fed in focus, chip stocks bounce
Dow edges higher, Nasdaq and S&P 500 slip; market stays in tight range U.S. stocks closed mixed Wednesday. The Dow Jones Industrial Average added 0.33% to 52,169.53, while the S&P 500 eased 0.07% to 7,506.27 and the Nasdaq Composite dipped 0.15% to 26,337.77, according to LSEG data on Reuters. Market action stayed narrow, with neither a clear selloff nor a full risk-on move.
SoFi shares up; CEO Anthony Noto buys more stock ahead of Fed call
SoFi Technologies shares moved higher Wednesday. CEO Anthony Noto bought about $251,000 worth of the fintech lender’s stock, filings showed. The insider buying comes as the stock has seen a bumpy year.
Opendoor stock ticks higher ahead of key data, Fed decision
Opendoor Technologies Inc. shares traded up ahead of the open Wednesday, last seen at $4.78 as of 6:00 a.m. ET. That’s after gaining 3% in the last session. Pre-market action, in the quiet hours before the 9:30 a.m. U.S. open, often sees lighter volume and bigger spreads.
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