Pre-Market Report – Friday 1 May: US markets hit records on AI boom | Oil falls
About this episode
The episode discusses the record highs in US markets driven by AI advancements and positive earnings reports.
Stocks rose on Thursday, with the S&P 500 reaching a fresh all-time high, as investors reacted to upbeat earnings from Caterpillar and Alphabet and moved past fears of a possible escalation between the U.S. and Iran. The broad market index rose 1.02% to close at 7,209.01, its first close above the 7,200 threshold. The tech-heavy Nasdaq jumped 0.89% to 24,892.31, hitting new intraday and closing records as well. The blue-chip Dow Jones Industrial Average added 790.33 points, or 1.62%, to s...
More episodes of Market Updates
- Pre-Market Report – Monday 4 May
- End of Day Report – Friday 1 May: ASX 200 up 64 points | ANZ curbs enthusiasm, resources shine
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