US infrastructure spending is being driven by public funding, private manufacturing and AI data centres. Here’s what investors should understand before jumping in.
With interest rates seeming to have stabilised and investors awakening to the immense potential of artificial intelligence (AI), the ‘Magnificent Seven’ stocks drove an impressive 53.8% surge in the Nasdaq-100 (INDEXNASDAQ: NDX) Index in 2023 and propelled the S&P 500 (INDEXSP: .INX) past 5,000 for the first time in February 2024.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO) is expected to open higher on Tuesday, according to SPI 200 futures contracts in Sydney.
Microsoft (NASDAQ: MSFT) led the Dow’s gains, advancing 3 per cent, with Nike (NYSE: NKE), Salesforce (NYSE: CRM) and Intel Corp (NASDAQ: INTC) also boosting the index.
All three US stock markets closed the most volatile month in over a year on a positive note, with the Nasdaq outperforming, gaining 3.4%.
The US technology sector is behind a significant surge in US stock markets overnight as Intel (NASDAQ:INTC) shares make headlines.
US stock markets finished broadly lower on Friday as Snapchat (NYSE:SNAP) and Intel (NASDAQ:INTC) shares tumbled. Here are the details.
The US stock markets were positive overnight, with the major tech companies sending the Nasdaq 0.4% higher.
Global markets finished stronger ahead of the start of US earnings season, the Dow Jones and S&P 500 both adding 0.4%.
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