The Dow Jones surged 650 points to a new high of 54,740, and the S&P 500 also reached an all-time high, rising 0.7% to 7,790. However, tech stocks showed weakness with the Nasdaq up only 0.35%, dragged down by a 10% plunge in SpaceX shares after its first earnings report since listing, wiping $170 billion from its market value. AMD shares also fell despite strong revenue forecasts. Optimism around a potential Iran-Oman shipping agreement through the Strait of Hormuz and easing oil prices helped lift market sentiment. Investors are now focused on upcoming earnings from major companies like Eli Lilly, Disney, and Uber, while the ADP jobs report showed slower US private-sector hiring, potentially giving the Federal Reserve more room to cut rates.
Advanced Micro Devices (AMD) reported a strong second quarter, driven by its EPYC processors and potential growth from Helios and new Instinct GPUs. Despite solid results, the stock fell about 8% after hours, reflecting investor concerns that the goo...
US stock indexes are poised to reach new record highs as oil prices stabilize after a recent sharp decline, easing inflation concerns and boosting risk appetite. Dow Jones and S&P 500 futures rose 0.4%, while Nasdaq futures gained 0.2%, despite signi...
Advanced Micro Devices (AMD) reported strong profit and revenue growth in the first half of fiscal 2026, led by its Data Center segment which now accounts for over half of total revenue. However, the Client & Gaming and Embedded segments showed stagn...
AMD shares fell 8.8% in after-hours trading despite beating revenue and EPS expectations with $11.54 billion in sales and $1.66 EPS. The company also forecasted $13 billion in the next quarter, above estimates, and expects data center sales to double...
AMD's stock fell 8.2% in premarket trading despite reporting second-quarter revenue of $11.54 billion, beating analyst expectations of $11.28 billion. The company's growth was driven by a 107% increase in data center sales, fueled by CPU and GPU dema...
