Tag: stocks
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Amazon surges as US stocks shrug off bond yield worries
NEW YORK: Wall Street stocks charged higher Friday (Jul 31) behind strong earnings from Amazon that offset the drag from higher US Treasury yields.Shares of Amazon surged 15.3 per cent as the tech giant posted more than US$62 billion in quarterly profits behind a 20 per cent revenue increa
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Fed hawks push yields higher, stocks give back gains
July 31 : Stocks were mixed on Friday, giving back much of their earlier gains, while longer-dated Treasury yields pushed to new multi-year highs, after several Federal Reserve officials argued that further interest rate hikes are needed to combat inflation.Currency markets also stayed on alert for further in
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Blowout Microsoft results lift US stocks as oil retreats
NEW YORK: Wall Street stocks rebounded Thursday (Jul 30) as blowout Microsoft results and moderating oil prices blunted worries about higher US Treasury yields.Shares of Microsoft surged more than 15 per cent following strong results driven by its cloud and artificial intelligence division
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Asian stocks stutters after rout, Fed leaves markets guessing on rates
SINGAPORE: Asian stocks struggled for direction in choppy trading on Thursday (Jul 30) after a week of market turbulence sparked by artificial intelligence jitters, as a divided Federal Reserv
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Asian stock rout deepens on AI worries ahead of tech earnings
SINGAPORE: Asian stocks slid on Wednesday (Jul 29) extending a brutal selloff as anxiety about AI valuations, rising competition and spending rocked markets ahead of crucial earnings from big tech firms and a US Federal Reserve policy decision.Oil prices jumped after
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Mixed day for global stocks but oil prices fall along with chip shares
NEW YORK: Wall Street stocks mostly rose Tuesday (Jul 28) behind solid earnings and a pullback in oil prices, offsetting weakness in chip shares and in Asian equity markets.Micron, AMD and Sandisk were among the semiconductor names swept up in the latest round of selling as investors fret
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Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout
HONG KONG: South Korea’s Kospi collapsed 10 per cent as tech took a battering on another black day for Asian stock markets, with a report of a breakthrough in China’s chip industry compounding worries about the longevity of the AI boom.The losses extended a sell-off across the industry globally following an e
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Oil prices slump as US and Iran pause strikes
“Although the situation in the Middle East has calmed, it has not been resolved,” said XTB research director Kathleen Brooks.
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Mixed day for global equities as oil prices retreat
Brent crude dropped below US$97 a barrel after Houthi rebels said they were not blocking traffic through the strategic Bab al-Mandeb Strait.
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Stocks suffer fresh blow as markets hit by perfect storm
Markets now face the resurgent Middle East war, a spike in oil prices back past US$100 and worries about the artificial intelligence investment boom.
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