The S&P 500 and the Nasdaq hit record highs as major technology stocks rose after megacap Alphabet’s robust earnings, while the Dow was weighed down by losses in IBM, UnitedHealth, and Honeywell.
Alphabet results take S&P 500, Nasdaq to record highs
BlackRock Ethereum ETF becomes 3rd-fastest to hit $10B in assets
BlackRock’s spot Ether ETF has emerged as one of the fastest-growing ETFs ever, joining the ranks alongside two other cryptocurrency funds. BlackRock’s iShares Ethereum ETF has become the third-fastest ETF to hit $10 billion in total assets under management.
Intel beats shareholder lawsuit over $32 billion stock plunge
A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value.
Gold extends losses as US and EU close in on tariff deal
Gold prices extended losses following reports that the U.S. and European Union were closing in on a 15% tariff deal, dampening safe-haven demand, while silver earlier surged to its highest level since September 2011.
The U.S. dollar strengthened against the Swiss franc
The U.S. dollar strengthened against the Swiss franc and euro but weakened versus the yen as positive sentiment from a new U.S. trade deal was offset by political uncertainty surrounding Japanese Prime Minister Shigeru Ishiba’s future.
S&P 500 hits a fresh record high
The S&P 500 rose to a record high, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement U.S. President Donald Trump struck with Japan.