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Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.
A note from Bank of America's equity derivatives team says the rally in tech stocks could still continue. "In our view, the collision of AI with the pro-growth aspects of Trump's agenda could drive further upside momentum,
Wedbush Securities senior equity analyst Daniel Ives, known for his vocal and bullish stance on tech stocks, has referred to AI as “the biggest tech transformation in over 40 years.” He estimates that the global AI market is expected to grow to $407 ...
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
Amazon and Meta stocks led the "Magnificent Seven" Big Tech stock surge after the US and China announced a temporary trade war truce.
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Stocktwits on MSNTencent Revenue Tops Forecasts On Gaming Surge, AI Ad Gains As Stock RalliesTencent Holdings’ ADRs (TCEHY) rose 4% on Wednesday after the Chinese tech giant reported revenue that exceeded Wall Street’s expectations, driven by a rebound in its gaming division and growth in AI-powered advertising.
Stocks are wavering on Wall Street and holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war.
The world's two superpowers have reached an accord on their bruising trade war—for 90 days, at least. On Monday, the U.S. and Chinese governments announced they had agreed to slash reciprocal tariffs for 90 days as they continue to hammer out details on a broader deal. Markets soared on the news, with the S&P 500 gaining 3.26%.
The Magnificent Seven is riding to the rescue once again. Two of the handful of huge technology companies that drove market gains in 2023 and 2024, posted earnings that smashed expectations after the bell on Wednesday.
Taiwan's stock market soared over 450 points, bolstered by TSMC's gains amid rising US tech stocks. AI-related shares, shipping industry, and easing US-China trade tensions contributed to market boost.
Asia-Pacific markets are set to mostly rise Monday over optimism that U.S.-China trade tensions could de-escalate following the superpowers' talks in Switzerland over the weekend.