The S&P 500 and the Nasdaq advanced following a sharp sell-off earlier in the week, with tech stocks leading the way ahead of Nvidia’s earnings that could prove to be a make-or-break moment for the AI trade.
The dollar held modest gains against the yen after touching a fresh 9.5-month high, and edged up versus the euro as investors worried about Japan’s fiscal stance and awaited U.S. data for signals on the Federal Reserve’s next move.
Gold prices rose from a one-week low, supported by soft U.S. employment numbers, while investors assessed the likelihood of a Federal Reserve interest rate cut in December ahead of more delayed U.S. data releases this week.
Alphabet’s Google launched the latest version of its artificial intelligence model Gemini, emphasizing that the new capabilities will be immediately available in several profit-generating products like its search engine.
Wall Street’s main indexes struggled for direction, ahead of a packed week that includes AI giant Nvidia’s earnings and the resumption of government data releases, while Alphabet rose after Berkshire Hathaway disclosed a stake in the company.
The dollar edged higher against the euro and the yen as traders exercised caution ahead of what could be a busy week with the long-awaited return of U.S. economic data. Market reaction to U.S. President Donald Trump’s tariff U-turn on more than 200 food products was muted.
