Stock Market

The S&P 500 index reached an all-time high on June 2, driven by a surge in AI chip stocks led by Nvidia. Despite geopolitical tensions and elevated energy prices from Middle East conflicts, the tech sector’s strength propelled the broader market higher. CNBC live coverage showed Nvidia leading chip stocks significantly higher. Analysts note that massive AI infrastructure spending by tech giants continues to fuel semiconductor demand, keeping investor optimism intact. The rally suggests strong confidence in AI commercialization, though some warn that risk factors including energy costs may be underpriced in the current market. ...

Key Points Ferrari officially unveiled its first fully electric vehicle, the Luce, marking the Italian automaker’s entry into the EV era. However, the market reaction was negative — shares fell approximately 7% on the day of the announcement. Details The Luce is Ferrari’s first production car without any internal combustion engine, featuring a dual-motor all-wheel-drive system. The company claims a range of over 400 km and a 0-100 km/h time under 3 seconds, maintaining Ferrari’s performance heritage. ...

Wall Street rallied with the Dow Jones hitting a record high as Middle East peace hopes boosted investor sentiment. S&P 500 on track for longest weekly win streak in months.

The Dow Jones Industrial Average dropped 400 points, with the S&P 500 and Nasdaq also falling, driven by oil price volatility and inflation concerns.

[Brief] Asian stock markets traded mixed on May 14. Japanese and Chinese tech shares rallied on AI momentum, while broader markets remained cautious as investors awaited signals from the Trump-Xi summit in Beijing. Any trade negotiation developments could trigger ripple effects across global markets.

[Brief] S&P 500 Hits New Record, Posts Longest Weekly Winning Streak Since 2024 CNBC reports the S&P 500 closed at another all-time high, posting its longest weekly winning streak since 2024. The Nasdaq also climbed as investors remain optimistic about economic fundamentals and corporate earnings. Source: CNBC

The S&P 500 and Nasdaq composite hit fresh records for the third consecutive trading day, showing sustained market strength. Meanwhile, oil prices retreated amid geopolitical factors. Investors are closely watching how the Iran situation impacts energy markets.

Dow Surges 500 Points on Iran Deal Optimism and AMD Earnings Beat US stocks rallied sharply on Tuesday, with the Dow Jones Industrial Average jumping 500 points, CNBC reported. The market surge was driven by falling oil prices following reports of an Iran ceasefire deal and strong AMD earnings that lifted the technology sector. International oil prices dropped significantly after news of a potential Iran ceasefire emerged. Military tensions in the region over the preceding days had pushed oil prices higher, increasing energy costs for American consumers. The ceasefire news led markets to reassess geopolitical risk premiums. ...

Markets Rally as Iran Conflict Nears End Global financial markets swung dramatically on Tuesday as news of a potential Iran peace deal sent oil prices tumbling over six percent while major stock indices surged to new highs. The S&P 500 and Nasdaq both hit record closes, with the Nasdaq crossing the 25,000 milestone for the first time. The rally followed reports that Iran had submitted a 14-point peace proposal and that the Trump administration declared the conflict terminated. ...

AMD stock surged following strong quarterly earnings results, driven by data center and AI accelerator demand.