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The US benchmark surged 23 per cent in 2024, stoked mostly by the hype around artificial intelligence breakthroughs. But gains slowed in the final quarter of the year, as the pace of the rally raised concerns and investors grew jittery about factors such as President-elect Donald Trump’s protectionist policies and the possibility of fewer interest […]
The S&P 500 added 0.4 per cent. The Nasdaq 100 climbed 0.7 per cent. The Dow Jones Industrial Average wavered. Qualcomm climbed after prevailing at trial against Arm Holdings’ claim that it breached a license for chip technology. Rumble soared on news that crypto stablecoin firm Tether will buy a stake in the video-sharing platform. […]
US stocks sank to their second-worst loss of the year after the Federal Reserve signalled that it may deliver fewer interest rates cuts in 2025 than earlier thought. The S&P 500 dropped 2.9 per cent to pull further from its all-time high set a couple of weeks ago. The Dow Jones sank 2.6 per cent, […]
The huge rally for US stocks lost momentum as Wall Street counted down to a big jobs report that’s coming on Friday. The crypto market had more action, and bitcoin briefly burst to a record above $US103,000 ($160,000) before pulling back. The S&P 500 slipped 0.2 per cent from the all-time high it had set […]
Modest rises to Origin Energy (0.2 per cent) and APA (0.3 per cent) lifted the utilities sector, while New Zealand power generator Contact Energy jumped 5 per cent. Loading The laggards Amcor, the world’s largest consumer packaging group, saw its shares fall 1.2 per cent after announcing it had bought Berry Group, a New York-listed […]