US stocks surged to record highs on Friday as investors digested a crucial inflation report that helped cement expectations for the Federal Reserve’s next policy moves. The Dow Jones Industrial Average (^DJI) rose 1%, or over 450 points. The S&P 500 (^GSPC) gained 0.8%, while the Nasdaq Composite (^IXIC) jumped 1.2%. The September inflation data…
SYDNEY (Reuters) -Australia’s central bank will be on alert to the risk that economic outlook may change, but the flow of data has been roughly in line with its expectations, its governor said on Monday. Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the recent rate cuts were expected to support spending…
Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday’s gain put the chipmaker on track for a record close. The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on…
Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday’s gain put the chipmaker on track for a record close. The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on…
By Gregor Stuart Hunter SINGAPORE (Reuters) -The dollar stabilised in early Asian trading hours on Thursday after an unexpected drop in U.S. factory-gate prices bolstered expectations the Federal Reserve will cut rates next week and traders awaited U.S. consumer price data due later in the day. The dollar index nudged upwards to 97.822, rising for…
Facebook-parent Meta (META) rose more than 3% on Tuesday to close at a fresh high of $790 per share as the company doubles down on artificial intelligence (AI) efforts. Meta shares jumped following the release of its second quarter results at the end of July, as the company beat expectations. Read more: FTSE 100 LIVE:…
Netflix (NFLX) topped second quarter earnings expectations and raised its full-year revenue outlook, but that wasn’t enough to impress investors. Shares slipped more than 4% shortly after the opening bell on Friday as the results failed to clear the high bar set heading into the report. “Despite a good quarter and positive tone that business…