Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
U.S. stock indexes face a mixed opening, affected by corporate earnings, economic data, and trade policy uncertainties. Despite advancing trends led by strong Netflix results and an AI investment announcement,
The Dow Jones index rose but other indexes lagged in the stock market today. Yield rose as investors awaited Trump's Davos address.
Schneider Electric is keen to cooperate with U.S tech giant Nvidia in developing data centers in Vietnam, said Jean-Pascal Tricoire, chairman of the French industrial technology giant.
The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.
The FBM KLCI inched higher in morning trade although the buying sentiment is expected to pick up following Wall Street's positive performance overnight and the US President's talk of lowering interest rates.
The S&P 500 climbed to a fresh record on Thursday, driven by President Donald Trump’s calls for immediate interest rate cuts and cheaper oil prices.
He will participate in roundtable discussions with senior executives of NVIDIA on the establishment of Next-Gen Artificial Intelligence (AI) and data centres and an AI University in the State.
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Tesla's new Model Y is in focus.The stock market rally saw further gains Thursday. The Dow Jones led and the S&P 500 hit a fresh high.
Traders expect the central bank to leave interest rates unchanged for the first half of 2025, according to data compiled by LSEG. A moderate rise in longer-dated Treasury yields also limited gains among stocks.
Worldcoin's price increased by 25% to $2.40 after President Donald Trump announced a $500 billion investment in AI, focusing on OpenAI's
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