Stocks rally
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Stock heads for best day in two years after a quarterly earnings beat, fueled by a big jump in Hollister sales and an improved sales-growth outlook.
Growth stocks have been all over the map this year. Despite bullish projections from analysts heading into 2025, President Donald Trump's global trade reset has weighed on markets: After several ups and downs,
Nuclear stocks extended their rally Tuesday following last Friday's executive orders from President Trump aimed at expanding U.S. nuclear energy production capacity from ~100 GW in 2024 to 400 GW by 2050.
The pound has bounced off its lows for the day, though remains down by about 0.2% and below $1.35. Gilt yields are ticking a little higher across the curve, by a touch more than for European bonds. And UK stocks aren’t moving too much at the open,
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Tuko News on MSNAsian stocks rally fades as Japan debt sale disappointsAsian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields.
NASDAQ moved higher amid strong demand for tech stocks. Tesla, which was up by 5.7%, was among the biggest gainers in the NASDAQ index today. The nearest resistance level for NASDAQ is located in the 21,450 – 21,500 range. If NASDAQ climbs above the 21,500 level, it will head towards the resistance at 21,950 – 22,000.
Retail investors who bought the dip during the tariff chaos are growing fatigued, JPMorgan data shows.
The S&P 500 is about 6% from record highs, although it has rebounded sharply from April lows as easing trade concerns and tame inflation data spurred a risk-on rally. On the downside, shares of gold miners including Newmont fell about 2% as gold prices slipped more than 1%.