Wall Street closed higher on Wednesday, driven by healthcare stocks. Investors shrugged off weaker-than-expected private payrolls data and concerns surrounding the first day of the U.S. federal government shutdown. All three benchmark indexes finished in the green. The Dow Jones Industrial Average (DJI) climbed 0.1%, or 43.21 points, to close at 46,441.1. Fifteen components of…
US stock futures traded flat after stocks hit fresh records with Wall Street fixated on the promise of AI even as the government shutdown drags on. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered around the baseline. Stocks on Thursday rose as…
The richest Americans are more reliant on the stock market for their wealth than they’ve just about ever been before. Stocks now account for a large share of wealth for U.S. households, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. Equities that were directly held and in mutual funds accounted for roughly…
The government shutdown is unlikely to derail the stock market’s momentum into year-end, according to Tom Lee, Fundstrat Global Advisors’ head of research. Lee believes the suspension of economic data releases from federal agencies is a “sidebar issue,” adding that past shutdowns have had little lasting impact on equities. The widely followed strategist, who called…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany….
MANILA, Philippines (AP) — Asian shares advanced on Thursday, tracking Wall Street’s rise to records despite the the shutdown of the U.S. government. Technology shares jumped on expectations of higher demand for computer chips due to a partnership between South Korean tech and OpenAI. U.S. futures and oil prices also rose. South Korea’s Kospi climbed…
Longtime investor Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise, a stage of the cycle that Warren Buffett had warned about. The chair and CEO of the Omega Family Office read a quote from the “Oracle of Omaha” on CNBC’s “Money Movers” Wednesday,…
The dollar held on to steep gains on Friday after better-than-forecast U.S. data dampened expectations for further easing by the Federal Reserve this year. Jackal Pan | Moment | Getty Images The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact. The dollar…
42m agoWed 1 Oct 2025 at 2:22am Market snapshot at midday ASX 200: -0.4% to 8,812 points Australian dollar: -0.2% to 66.0 US cents Nikkei: -1.1% to 44,430 points S&P 500: +0.4% to 6,688 points Nasdaq: +0.3% to 22,660 points FTSE: +0.5% to 9,350 points EuroStoxx: +0.5% to 558 points Spot gold: +0.2% to $US3,866/ounce…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway is closing in on a deal to buy Occidental Petroleum’s petrochemical unit OxyChem for roughly $10 billion, the Wall Street Journal reported Tuesday. The potential deal, which could finalize within days per the…