New Zealand Dollar Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) today is up +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.16%.
Stocks this morning are moderately higher, led by strength in technology stocks. Artificial intelligence (AI) euphoria is boosting Alphabet and Advanced Micro Devices by more than +5%. Stocks maintained their gains after weekly U.S. jobless claims came in near expectations, although continuing claims fell more than expected, indicating that laid-off workers are finding jobs.
On the positive side for stocks, Alphabet is up more than +5% after Google released Gemini, the “largest and most capable AI model” the company has ever built. Also, Advanced Micro Devices is up more than +5% after unveiling its new MI300 accelerator chip, saying the processor will be able to run AI software faster than rival products. In addition, regional bank stocks are climbing today to give a boost to... Read more