Dow Jones up 524 points (+1.57%) closing near highs. Dow up 558 at best. S&P 500 up 1.96%. NASDAQ up 2.43%. VIX Volatility Index down 9.6%. In Europe, Stoxx 50 +0.2%, FTSE -0.3%, CAC +0.2%, and DAX +0.03%. SPI Futures are up 55 points (+0.75%).
- ASX to rise, Meta leads tech rally in US. Earnings season boost offsets economy worries.
- Short-term yields pop higher as debt ceiling, inflation worries fester.
- As U.S. megacaps soar, some investors are wary of rising valuations.
- Amazon revenue beats on stable online demand, cloud strength.
- Intel says margins will recover in second half of 2023, shares rise.
- Deutsche Bank to cut 800 jobs after strong first quarter.
- US economic growth slows in first quarter as businesses draw down inventories.
- Travel demand strong, but U.S. carriers fret over aircraft delivery delays.
- BOJ chief Ueda faces communication test at debut policy meeting.
- Democrats, Republicans dig in on debt-ceiling standoff after House action.
- Russia says OPEC+ sees no need for further oil output cuts.
- Copper rebounds from near four-month low on China, strong dollar.
- Gold dips as rate hike bets hold despite weak data, dollar gains.
- Nickel faces huge supply glut as Indonesian output booms.
Get up to speed with Henry Jennings’ Pre-Market Podcast.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
