Wall Street, stock market
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NEW YORK — U.S. stocks closed broadly higher Wednesday, extending Wall Street’s recent winning streak to a fourth straight day. The Standard & Poor’s 500 rose 0.7%, the Dow Jones industrial average gained 0.7% and the Nasdaq composite added 0.8%.
The third bubble that could burst along with AI and quantum computing in 2026 is the Bitcoin (CRYPTO: BTC) treasury strategy. Spurred by Michael Saylor's Strategy (NASDAQ: MSTR), the Bitcoin treasury strategy involves using cash on hand or issuing stock/convertible debt to purchase Bitcoin, which is then held on the balance sheet.
Asian shares rose on Thursday, taking their cue from Wall Street, where a winning streak extended to a fourth straight day. U.S. futures were nearly unchanged while oil prices declined. Japan’s Nikkei 225 added 1% to 50,
Firms including Goldman Sachs, JPMorgan Chase and Citigroup are expected to generate $165 billion in revenue from trading in fixed-income, credit and commodities this year, up 10% on 2024
Here's what you need to know about whether U.S. stock markets will be open or closed on Thanksgiving and Black Friday this year.
Nvidia stock fell 3.2% on Thursday, a day after its earnings. Despite the selloff, Wall Street is even more positive on Nvidia than it was before the earnings. The average target price on the stock now stands at $250, according to FactSet—up from around $234 before the results announcement.
There is no doubt that semiconductor stocks have been some of the most direct beneficiaries of the artificial intelligence (AI) revolution. While Nvidia has claimed the top spot in the chip realm, peers such as Broadcom and Taiwan Semiconductor Manufacturing have also earned positions in the trillion-dollar club thanks to AI-driven tailwinds.
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown.