US EditionUS Stocks Drift Near Their Records as Tech Keeps Rising and Wall Street Keeps Ignoring DC’s Shutdown
The OpenAI partnership with South Korean firms sparked chip stock gains, with SK Hynix shares up nearly 10% amid U.S. government shutdown and delayed economic reports.
- On Thursday, OpenAI's partnerships with South Korean tech firms lifted chip and AI stocks, pushing Nasdaq futures up 0.5%.
- The U.S. government shutdown delayed Labor Department weekly jobless claims report scheduled for Friday, so corporate announcements became the main drivers of trading.
- In Asia, Samsung Electronics rose 3.5% and SK Hynix jumped 9.9% in Seoul, while Taiwan Semiconductor Manufacturing Co.'s U.S.-traded shares gained 1.2%.
- The S&P 500 rose 0.3% coming off its latest all-time high, the Dow Jones Industrial Average added 78 points, and South Korea's Kospi jumped 2.7% following chip stock gains.
- OpenAI's Stargate is a $500 billion project expected to boost demand for computer chips, with analysts warning of bubble risks despite export growth forecasts by Taiwan Semiconductor Manufacturing Co.
41 Articles
41 Articles
Wall Street ticks toward more records, led by technology stocks
NEW YORK (AP) — U.S. stocks are ticking toward more records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government. The S&P 500 rose 0.1%, coming off its latest all-time high. The Dow Jones Industrial Average was up 117 points, or 0.3%, with a little less than an hour remaining in trading, and the Nasdaq composite was up 0.5% and on track for its own record. Thursdays on Wall Street typ…
U.S. stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC's shutdown
U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government.
Idaho Press
Trading on Wall Street mixed early; chip stocks lifted by OpenAI deal with South Korean tech firms
Trading on Wall Street was mixed early despite a shutdown of the U.S. government that threatened to drag on indefinitely. Futures for S&P 500 were up 0.2% before the bell, Thursday while futures for the Dow Jones Industrial Average ticked…
The Columbian
US stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC’s shutdown
NEW YORK (AP) — U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government. Read more...
US stocks drift near their records as tech keeps rising and Wall Street keeps ignoring DC's shutdown - ABC Columbia
(AP) — U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government. The S&P 500 rose 0.3%, coming off its latest all-time high. The Dow Jones Industrial Average added 78 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher and heading toward its own record. Thursdays on Wall Street typically mean investors are r…
Coverage Details
Bias Distribution
- 85% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
