Wall Street climbed Wednesday as gains in most stocks, including Mattel and Amgen, outweighed drops for Alphabet and Advanced Micro Devices following their latest profit reports. The S&P 500 rose 0.4 percent, the Dow Jones added 317 points, or 0.7 percent, and the Nasdaq composite gained 0.2 percent.
Wall Street drifted higher Wednesday as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports.
Advanced Micro Devices fell 6.3 per cent even though the chip company edged past profit expectations for the latest quarter. While analysts called AMD’s results solid, they also asked why CEO Lisa Su did not give more detail about expectations for the performance of its AI offerings specifically. In the meantime, Trump has pressed ahead with tariffs on Chinese goods, and Mericle expects tariffs to hit autos from the European Union, among other potential moves. That could drive a one-time boost to inflation, which could leave a widely followed measure of underlying inflation trends at 2.6 per cent in December, above the Federal Reserve’s target of 2 per cent.
WALL STREET STOCK MARKET PROFIT REPORTS NASDAQ DOW JONES AMGEN ALPHABET MATTEL
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Rises, S&P 500 Surpasses RecordUS stocks climbed, with the S&P 500 hitting a new record as Wall Street regained momentum. The Dow Jones Industrial Average also saw significant gains, while the Nasdaq composite added modestly. These increases came amid relative stability in US Treasury yields, despite brief spikes triggered by President Trump's comments on tariffs and oil prices.
Read more »
Wall Street Falls Despite Positive Economic NewsUS stocks declined despite encouraging reports on the economy and employment. Rising bond yields, fueled by economic optimism and concerns about future interest rate cuts, contributed to the market downturn.
Read more »
Wall Street Slumps Despite Strong US EconomyUS stocks fell overnight despite positive economic data, including a surge in job openings and business activity. Rising bond yields, fueled by expectations of fewer interest rate cuts from the Federal Reserve, pressured stocks.
Read more »
Australian Share Market Opens Lower Despite Wall Street StrengthThe Australian share market started the day in the red despite strong performance from Wall Street, driven by technology stocks. The S&P/ASX200 dipped, with mining shares experiencing a continued decline. Meanwhile, the US market surged, fueled by AI-related companies and robust earnings from tech giants like Netflix.
Read more »
Aussie Market Set for Drop Following Wall Street GainsThe Australian share market is predicted to decline on Thursday morning, mirroring the modest gains observed on Wall Street the previous evening. Despite a previous rise fueled by positive inflation data, the market is now anticipated to fall by 0.37 percent.
Read more »
Live: ASX higher after Wall Street gains on Trump tariff hesitation, Woodside shares slideThe Australian share market is trading higher on Wednesday, following off the back of Wall Street's gains overnight in response to Donald Trump's inauguration. Follow live.
Read more »