U.S. stocks reached record highs with the S&P 500 up 0.5%, driven by strong gains in AI-related companies like Snowflake, which surged 37% after exceeding earnings and revenue expectations. The market optimism followed a 60-day ceasefire extension between Washington and Tehran, easing geopolitical tensions. However, economic data showed mixed signals with inflation rising to 3.8% year-over-year and a downward revision of Q1 GDP to 1.6%, keeping the Federal Reserve cautious about future rate hikes. Key tech stocks such as Microsoft and Nvidia also contributed to the market rally, while some sectors like financials saw declines.
The Nasdaq Composite reached an intraday record high driven by cooler-than-expected U.S. inflation data and reports of a 60-day Iran ceasefire framework, which eased fears over oil supply and inflation. Technology stocks, led by a 35% surge in Snowfl...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 are experiencing volatile and choppy trading as investors closely monitor interest rate developments. The Nasdaq 100 is hovering around the 30,000 level, seen as a key support and poten...
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
Snowflake reported a strong Q1 FY27 with 33% revenue growth, surpassing analyst expectations by 5.3 percentage points. The company's AI-driven product revenue also grew 33%, and its backlog increased 38% to about $9.2 billion, signaling strong demand...
US stock futures fell as oil prices surged above $90 due to renewed US-Iran tensions and military strikes. Investors await the April Personal Consumption Expenditures (PCE) inflation report, which will influence Federal Reserve rate decisions under n...
