U.S. stock investors will be on guard next week for further volatility induced by fears of artificial intelligence disruption as they also assess the durability of a rotation beneath the market’s surface, along with upcoming earnings from Walmart and fresh economic data.
The U.S. eased sanctions on Venezuela’s energy sector, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments.
Elon Musk’s SpaceX is considering a dual-class share structure in its planned IPO this year. The space firm, which acquired Musk’s artificial-intelligence startup xAI, is planning a blockbuster public offering this year that could value it at over $1.5 trillion.
Gold prices fell to a near one-week low as strong U.S. labour data dampened hopes of near-term Federal Reserve rate cuts, with a break below $5,000 an ounce deepening losses as selling pressure intensified.
The Canadian dollar weakened against its U.S. counterpart as equity and commodity markets fell, while a U.S. lawmaker vote against tariffs on Canadian goods had little impact. Canadian bond yields moved lower across a flatter curve.
Anthropic has raised $30 billion in its latest funding round, more than doubling the Claude chatbot maker’s valuation to $380 billion and underscoring massive investor interest in the startup and the broader AI industry. The company has differentiated itself by focusing its model training on coding.
