The Nasdaq-100 climbed 0.25% overnight as US markets reached further highs. There were mixed results from companies reporting. Alphabet's result boosted the tech megacaps, as it was seen generally supportive of their AI spend. But IBM fell 7.6% over disappointing results, while Telsa dropped 8.2% as Elon Musk warns of 'tough quarters ahead'. Intel reported a loss and is down more than 4% in overnight trading. We've seen a clear trend locally with big declines in Australian bank stocks this week, as miners make even bigger gains.
Stocks mentioned include Alphabet, Blackstone, BHP, Cettire, Christian Dior, CommBank, Fortescue, IBM, Intel, LVMH, Macquarie, Rio Tinto, Westpac, Tesla
