MARKETS AT A CROSSROADS: TECH RALLY MEETS ASIA SELLOFF
WALL STREET ROARS BACK
• S&P 500 jumped 1.5%, closing near a record
• Nasdaq 100 gained 1.8%
• Semiconductor index rose 1.1%
AMAZON HITS THE $3 TRILLION CLUB
Amazon surged 4.6% to become just the fifth company ever to cross a $3T market cap.
AI TRADE UNDER PRESSURE
Asian tech stocks slipped as investors question whether massive AI spending will deliver enough profits and growth.
• Asian semiconductor gauge fell 1%
• South Korea’s Kospi dropped 1.1%
• Alibaba rallied after unveiling its biggest AI model
ASIA LOSES STEAM
MSCI Asia Pacific stocks fell 0.7%, heading for a second straight decline.
Japan’s Topix slipped while Hong Kong also traded lower.
YEN BREAKS ITS WINNING RUN
The yen fell 0.3% to 157.65 per dollar after four days of gains, following speculation around possible currency intervention.
OIL & IRAN: THE NEXT MARKET TRIGGER
Oil bounced after Monday’s sharp drop as Trump called his latest offer to Iran its “last chance” for a deal.
WTI climbed back above $81 a barrel.
CORPORATE WATCH: BIG EARNINGS AHEAD
This week is packed with major corporate results, with around 15% of the S&P 500 by market value expected to report.
SPACEX TAKES CENTER STAGE
SpaceX is set to report its first earnings as a public company.
But another headline is looming: up to $116 billion of stock could become eligible for sale next month.
PALANTIR SURGES
Palantir jumped 14% after hours after raising its forecasts, adding fresh fuel to the AI trade.
FED WATCH
Investors are watching upcoming jobs data and the Fed’s next moves closely as inflation and interest-rate expectations remain in focus.
WHAT MATTERS NOW
AI spending. Earnings. Jobs data. Oil. Iran. The yen.
Markets may have more than one catalyst ready to move them this week.