Asian Currencies Consolidate Ahead of FOMC Decision
Asian currencies consolidated against the dollar in early trade ahead of the FOMC decision due later today.
Market News
Nikkei Rises 0.9%, Led by Chip, Auto Stocks
Japanese stocks were higher in early trade, recovering modestly from Tuesday's selloffs in technology stocks.
Australia's Perpetual says EQT's $1.78 billion bid not in best interests of shareholders
Australia's Perpetual said on Wednesday that EQT AB's latest A$2.55 billion ($1.78 billion) takeover proposal was not in the best interests of shareholders, but that it would grant the Swedish buyout firm limited due diligence access as it considers a possible improved offer.
Review & Preview: ‘One Big Global Trade'
While 71% of S&P 500 stocks finished in the green, an 11% plunge in South Korea's main index kept the Nasdaq in the timeout chair.
The "Wall Of Worry" And This Correction
The Wall of Worry Indicator (WOW) suggests the current market correction is not over due to persistent optimism. Despite a strong April-June rally, WOW never reached Greed level extremes, supporting the view for further upside after correction.
Big tech debate is moving away from capital spending to capital structure: Plexo Capital's Lo Toney
Lo Toney, Plexo Capital, joins 'Closing Bell' to discuss what to expect from big tech earnings.
Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead
CNBC's Jim Cramer said investors are rotating out of some of the market's biggest AI infrastructure winners and into companies with growth drivers outside the data center buildout. He highlighted Costco, Walmart, ServiceNow, Salesforce and Johnson & Johnson as stocks that are benefiting from the re-shuffling.
Mark Zuckerberg Blasts Centralization of A.I. Power
In an interview, Meta's chief executive took aim at Anthropic and OpenAI, which have pushed to tightly control A.I. development, and said he supported “more openness.
Volatility Trends to Monitor & Ways Fed Will Rattle VIX Momentum
As the Fed begins its interest rate meeting, Zed Francis talks about his predictions for tomorrow's meeting and ways it can shake up volatility. He gives investors his full picture perspective on volatility trends and ways the Fed's decision shift momentum in the VIX, especially if the FOMC votes for a rate hike.
The Market Is Emotional - You Should Profit From It
Market sentiment often creates mispricing, offering better opportunities. Investors could exploit market emotions, not their own, by staying rational when fear or euphoria dominates.
We've never seen this level of uncertainty the day before a Fed meeting, says Bespoke's Paul Hickey
Paul Hickey, Bespoke Investment Group, joins 'Closing Bell Overtime' to talk the day's market action.
Value Outperforms Growth This Year, Powered By
The Russell Value Index on pace this year to outperform its growth counterpart by more than ever
SpaceX, Blue Origin could get quicker launch approval under FAA move to waive environmental rules
The Trump administration moved to waive what it called "unnecessary environmental laws and regulations" to speed the approval process for commercial space rocket launches and reentries. The proposed rule by the Federal Aviation Administration would be a boon for Elon Musk's SpaceX and Blue Origin, founded by Jeff Bezos, as well as other rocket launch companies.
Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating
Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.
Investors Rotate Out of Chip Stocks
Investors continued selling chip and memory stocks. The market has been spooked by concerns of tech giants' ballooning spending and signs that China may be catching up in the AI arms race. Asian chip stocks plunged, sending South Korea's Kospi index 10% lower and Japan's Nikkei down 4%. The worst-hit American names included memory makers Sandisk, which fell another 14%, and Micron
Dow jumps over 540 points as earnings, lower oil offset chip selloff
The Dow Jones Industrial Average led Wall Street higher on Tuesday as strong corporate earnings, lower oil prices and a continued rotation away from semiconductor stocks supported broader market gains. Investors also looked ahead to key earnings from major technology companies and the Federal Reserve's interest rate decision later this week.
U.S. Stocks Mixed as Chips Rout Continues
U.S. stocks finished mixed as a rout in chip stocks continued while falling oil prices boosted consumer stocks.
Saudi Arabia has a new, and pricier, workaround to export its oil
Global conflict is complicating Saudi Arabia's ability to ship its oil through its usual channels. Now, the country is pivoting toward yet another workaround, this time looking north to the Mediterranean Sea to export its crude.
An AI Market Correction Is Becoming a ‘Major' Credit Risk, Fitch Says
As semiconductor and other AI-related stocks slide, worries are mounting about the potential consequences of a protracted pullback.
Natgas producer Expand Energy beats second-quarter profit estimates
U.S. natural gas producer Expand Energy beat Wall Street estimates for second-quarter profit on Tuesday, helped by higher output.
