Articles in this Cluster
03-10-2025
The U.S. stock market continues to surge to record highs despite concerns over a government shutdown and weak jobs data. Berkshire Hathaway is set to acquire OxyChem for $9.7 billion, while Tesla's third-quarter deliveries rose 7% year-on-year. Hiring in the U.S. is at its slowest since 2009, but the jobless rate remains steady at 4.34%. Nvidia hit an all-time high, and Intel rose 50% over the last month. Tom Lee of Fundstrat predicts the S&P 500 could reach 7,000 by year-end.
Entities: Berkshire Hathaway, OxyChem, Tesla, BYD, Nvidia • Tone: neutral • Sentiment: positive • Intent: inform
03-10-2025
The U.S. stock indexes achieved record highs on Thursday despite concerns over a government shutdown and weak jobs data. Investors remain optimistic, with Nvidia and Intel seeing significant gains. Tesla's third-quarter deliveries rose, while BYD's September deliveries fell. Defense startups are challenging traditional players, and Electronic Arts' deal is seen as positive for investors. The S&P 500 is predicted to reach 7,000 by year-end according to Tom Lee of Fundstrat. Meanwhile, U.S. President Donald Trump's tariffs on certain drugs are expected to impact pharma firms. The article also touches on the growing presence of retail investors in private markets, which is causing concern among institutional investors.
Entities: Treasury Secretary Scott Bessent, Yom Kippur, Nvidia, Tom Lee, Fundstrat • Tone: neutral • Sentiment: positive • Intent: inform
03-10-2025
European stocks are expected to open higher on Friday, continuing a week of gains driven by a surge in tech stocks following an OpenAI share sale valuing the company at $500 billion. The Stoxx 600 index has risen for five consecutive days, with futures for major European indexes trading higher. Investors are also monitoring the ongoing U.S. government shutdown, which has prompted concerns about its potential impact on economic growth. Regional leaders have discussed plans to build a drone wall to deter Russian aircraft, and European defense companies have welcomed the proposal. Economic data releases, including Swiss inflation and euro zone unemployment rates, will be closely watched on Friday.
Entities: Europe, Stoxx 600, FTSE 100, DAX, CAC 40 • Tone: neutral • Sentiment: neutral • Intent: inform
03-10-2025
Hitachi's shares surged over 9% after announcing a partnership with OpenAI to develop AI infrastructure and data centers globally. The Nikkei 225 index rose 1.57%, while the Topix gained 1.33%. Japan's unemployment rate increased to 2.6% in August, higher than expected. The S&P Global Japan services PMI improved to 53.3 in September. US equity futures were steady as investors awaited the impact of the US government shutdown. The S&P 500, Dow Jones, and Nasdaq closed at record highs, with Nvidia leading gains in the tech sector.
Entities: Hitachi, OpenAI, Nikkei 225, Topix, Japan • Tone: neutral • Sentiment: positive • Intent: inform
03-10-2025
The US stock market recorded new highs on Thursday despite concerns about the 2-day-old US government shutdown. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rose, driven by strength in the artificial intelligence trade and gains in chipmakers like Nvidia. Investors are waiting to see how long the shutdown will persist to gauge its economic repercussions. Experts believe that the shutdown will have a modest negative economic impact, but the eventual reopening of the federal bureaucracy will erase those effects. The shutdown has led to an economic data blackout, including the delay of the September nonfarm payrolls report.
Entities: New York Stock Exchange, NYSE, Dow Jones Industrial Average, S&P 500, Nasdaq Composite • Tone: neutral • Sentiment: positive • Intent: inform
