US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October. Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report. Oil prices were mixed after
US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%. The Nasdaq briefly reached an all-time high during the session before
Anthropic is considering launching its initial public offering as soon as mid-November, potentially putting the artificial intelligence model maker on track to begin trading before the Thanksgiving holiday, Bloomberg News reported, citing people familiar with the matter. The company behind Claude could begin formal marketing for the IPO as early as the week of Nov.
Synopsys (SNPS) shares jumped 13% on Thursday after the chip-design software maker issued fiscal 2027 revenue and profit forecasts above analysts’ expectations and announced multi-year agreements with OpenAI and Amazon Web Services. The company outlined its long-term growth targets at its 2026 Investor Day in New York, highlighting demand for chip-design and simulation tools as
Anthropic is considering launching its initial public offering as soon as mid-November, while gold prices edged higher after softer US inflation data reduced expectations for an October Federal Reserve rate hike. Oil prices rose sharply amid concerns over fuel supplies and escalating tensions in the Middle East, while Treasury yields eased after reaching multi-decade highs.
US stocks recovered from early losses and closed slighly higher on Thursday as Treasury yields pulled back from multi-decade highs, helping the major indexes close slightly higher. The S&P 500 gained 0.23% to 7,668.82, while the Nasdaq Composite rose 0.07% to 26,871.60. The Dow Jones Industrial Average added 29.84 points, or 0.06%, to finish at
Solana price has held above $120 after US spot SOL exchange traded funds recorded their largest weekly inflows since launch, giving the token fresh support as it approaches resistance near $125. CoinGecko data shows SOL trading near $120 on Sept. 30, little changed over the past 24 hours but up more than 4% over the
Micron Technology shares MU rose 0.49% in trading on Wednesday as investors prepared for the memory-chip maker’s fiscal fourth-quarter results after the market close. The results are expected to show another sharp increase in revenue and earnings, but investors are likely to focus on Micron’s outlook for fiscal 2027 and whether strong artificial intelligence demand
SanDisk stock has traded sideways over the past few weeks as the strong momentum from earlier this year has stalled. SNDK is currently at $1,730, about 8.6% below this month’s high of $1,893. The consolidation has formed an ascending triangle, a pattern that often precedes an upside breakout, so a strong rebound is possible if
Microsoft shares MSFT rose about 2% on Wednesday after Piper Sandler raised its price target on the software giant to $610 from $550 while maintaining an Overweight rating. The new target represents nearly 18% upside from the stock’s current trading level and reflects higher estimates and an expanded enterprise value-to-operating cash flow multiple, as the