Nasdaq Jumps as Anthropic IPO Filing Lifts Tech Stocks
Wall Street rallied Tuesday as Anthropic's IPO filing boosted tech stocks, with investors also bracing for the Fed decision and big earnings this week.
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Wall Street rallied Tuesday as Anthropic's IPO filing boosted tech stocks, with investors also bracing for the Fed decision and big earnings this week.
Goldman Sachs beats Wall Street estimates with record equities trading revenue in Q3 2026, but JPMorgan was flat and Wells Fargo shares fell 3%.
Gold prices hit a fresh high above $4,200 an ounce on Thursday, as investors bet on more rate cuts by the Fed and a softer U.S. dollar ahead.
Micron's blowout earnings and Alphabet's new AI model pushed stocks higher as Treasury yields hit near 24-year highs and Nike shares slid on weak sales.
The Federal Reserve's rate cut couldn't stop rising Treasury yields and a strong dollar from handing the S&P 500 a losing week, despite Oracle's earnings rally.
The average U.S. rate on a 30-year fixed mortgage was 6.66% in late August, while listings increased and price growth moderated in many markets.
The United States imposed 50% tariffs on roughly $20 billion of Canadian goods after U.S.-Canada trade negotiations collapsed before the official deadline.
U.S. investment in clean energy and transportation totaled $75 billion in the second quarter of 2026, a 22% increase from the previous quarter.
The S&P 500 set a record in August as technology shares, corporate earnings and softer inflation data supported a broad market advance.
Gold rose more than 6% in its strongest week since January as softer economic data reduced expectations for an imminent Federal Reserve rate increase.
U.S. nonfarm payroll employment declined by 23,000 in July while the unemployment rate was little changed at 4.1%, the Bureau of Labor Statistics reported.