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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
| Title | Published |
|---|---|
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 Indiaâs National Stock Exchange IPO at valuation multiple above Nasdaq Investors rush into Indiaâs 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 |
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
Here's where UBS says to invest with global yields elevated
Here's where UBS says to invest with global yields elevated
Investors rush into Indiaâs National Stock Exchange IPO at valuation multiple above Nasdaq
Investors rush into Indiaâs National Stock Exchange IPO at valuation multiple above Nasdaq
Taiwan benchmark Taiex rises to record intraday high as tech stocks advance
Taiwan benchmark Taiex rises to record intraday high as tech stocks advance
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
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
CNBC Daily Open: All that glitters is another U.S.-China détente
CNBC Daily Open: All that glitters is another U.S.-China détente