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Wall Street experienced a strong rally, driven by renewed optimism in AI and a retreat in Treasury yields, with notable gains across major indices. Intel surged by 12% as CPU stocks rallied, while Tesla made significant moves into Southeast Asia's EV market, facing competition from local players. Meanwhile, oil prices rose amid escalating tensions between the U.S. and Iran, with warnings of potential airline shutdowns adding to market concerns. In corporate news, Revolve announced a partnership with Donatella Versace, and Jamie Dimon projected that hyperscaler AI spending could reach $1 trillion next year.

Latest Market Updates

U.S. Treasury yields ease as investors await fresh jobs data, Fed comments

U.S. Treasury yields ease as investors await fresh jobs data, Fed comments

less than a minute ago

Here's where UBS says to invest with global yields elevated

Here's where UBS says to invest with global yields elevated

less than a minute ago

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

Investors rush into India’s National Stock Exchange IPO at valuation multiple above Nasdaq

less than a minute ago

Taiwan benchmark Taiex rises to record intraday high as tech stocks advance

Taiwan benchmark Taiex rises to record intraday high as tech stocks advance

less than a minute ago

Here's who we know is going to the Trump-Xi dinner so far

Here's who we know is going to the Trump-Xi dinner so far

less than a minute ago

Tesla makes a move on Southeast Asia's largest EV market. A homegrown giant awaits

Tesla makes a move on Southeast Asia's largest EV market. A homegrown giant awaits

less than a minute ago

CNBC Daily Open: All that glitters is another U.S.-China détente

CNBC Daily Open: All that glitters is another U.S.-China détente

less than a minute ago