Trump says ‘stocks should go up, not down’ amid market slump
Trump says ‘stocks should go up, not down’ amid market slump Source link
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Oil drops, stocks mostly higher despite AI concerns
US JOBS BOOST Looking ahead, markets are awaiting government figures on US employment due on Friday morning for a gauge on the health of the economy. A separate report this week showed that despite rising energy prices, companies in the world’s biggest economy in May added the most jobs since the start of 2025. The dollar fell against main rivals after recent gains thanks to its safe-haven status and expectations that the Federal Reserve could raise US interest rates to combat higher inflation. Bitcoin flirted with its lowest levels since October 2024, just before the election of Donald Trump, which helped propel the world’s leading cryptocurrency to record highs. Bitcoin “has suddenly started looking less attractive” compared to AI stocks that have soared in recent months, said Swissquote analyst Ipek Ozkardeskaya. “They have delivered higher returns than Bitcoin while benefiting from actual earnings growth that justifies at least part of their price gains, also explaining the deteriorating interest in harder-to-price cryptocurrencies,” she said. Bitcoin fell under US$64,000 in Thursday trading. It has not fallen under …
What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock
Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI. Last week, 160 Noe Street, an Edwardian home in San Francisco’s desirable Duboce Triangle neighborhood, was listed for sale at $2.9 million—or the equivalent amount in Anthropic or OpenAI shares, as based on those companies’ current valuations. Rachel Swann, the listing agent, says she was inspired to set these unusual terms after meeting several Anthropic employees at an open house for a different property. “These people have a lot of paper wealth, but they don’t always have the liquidity to do things they want,” Swann says. Some of these employees were expecting to come into …
Oil falls, stocks mixed on US-Iran truce prospects
NEW YORK: Stock markets were mixed while oil prices fell again on Friday (May 29) on investor optimism that the United States and Iran would reach a deal to extend their ceasefire – despite Washington and Tehran offering conflicting views on the state of negotiations. Oil markets have been up and down this week as investors assess the chances of a breakthrough deal that could potentially resume shipping through the crucial Strait of Hormuz. Those hopes had been briefly dashed by new US military strikes on Iran on Wednesday, countered by the Revolutionary Guard’s targeting of an American airbase in the region. On Friday, US President Donald Trump held a meeting during which he said he would make a “final determination” on a peace deal. Iran’s foreign ministry said negotiations were ongoing and there was no final agreement. Nevertheless, the reports of progress sent the S&P 500 to a record high before it pared those gains slightly at the close. Other Wall Street indices also rose on Friday, while Europe’s main markets were flat ahead …
Wall Street follows world stocks higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : U.S. stocks followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war. A narrow, tech-led rally lifted all three major U.S. stock indexes to modest gains, and Treasury yields dipped as markets prepared to turn the page on a week and month marked by a tug-of-war between fears that air strikes could shatter a fragile truce and signs that Washington and Tehran are moving closer to the negotiating table. The S&P 500 is poised to notch its ninth straight weekly gain, its longest winning streak since December 2023. All three indexes are set to register monthly advances. Even so, the indexes had pared from session highs as the closing bell drew near. “This administration watches the markets and they like to do big things when the markets are closed to control the messaging before the market has a chance to react,” said Ross Mayfield, investment strategy analyst at …
Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates
Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure. UBS analyst Catherine Gordon is attributing the surge in solar stocks to falling yields and renewed policy momentum. A potential Section 232 tariff announcement in mid-to-late June is adding fuel to the rally, with First Solar leading the charge. The UBS Solar basket (UBXXSOL) is now up 40% year-to-date. Gordon provided more context on what’s powering UBXXSOL higher: Clean tech names are outperforming again on Tuesday, with solar leading higher alongside more speculative growth baskets as yields move lower. The backdrop has been broadly supportive, with the UBS Solar basket (UBXXSOL) now up 33% MTD. First Solar is the standout mover, with the stock trading around $268 and continuing to rally in anticipation of a potential Section 232 tariff announcement in the near term. Earlier today, Windham hosted Toyo Solar on a call, where the company indicated that mid‑ to late‑June could be the timing for Section 232, with measures potentially including a minimum …
SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq’s 1999 Meltup
The breathtaking rally in South Korean stocks hit a couple of key milestones overnight. The benchmark Kospi index at one point in the session was up 100% for 2026, rivaling the Nasdaq 100 Index’s 102% surge in 1999 – right before the bubble burst… Samsung (005930) was up 2.7% and SK Hynix (000660) soared 9.3% rallying to new record highs mainly on three things: 1) overnight backdrop of SOX +5.5% driven by MU +19% strength, 2) launch of leveraged ETF instruments including 14 products that track 2x the return, and 2 inverse products that track -2x the return of SEC(005930) and SK HYNIX(000660), and 3) reports of SEC’s union members voting in favor of a compensation deal and separately, that SK Hynix is making efforts to strengthen its long-term supply agreements via more favorable terms such as higher prepayment and ultra-long tenors of five years or more. Flow-wise, foreigners extended their net-selling streak in SK HYNIX to 14 consecutive days, selling -$156mn today, while they’ve also ended as marginal net sellers in SEC (-$54mn). Local …
Investors hunt for AI winners in small-cap US tech stocks
May 27 : U.S. small-cap technology stocks are surging after years of underperformance, a sign of how the AI frenzy is pushing technology investors to look beyond the Nvidias and Intels of the world. Record U.S. equity inflows are moving beyond megacap firms into smaller companies that have flagged strong potential to benefit from the growing adoption of AI. The Invesco S&P SmallCap Information Tech ETF has seen $49.7 million of inflows so far this year after clocking outflows for four straight years, according to LSEG Lipper data. “The AI trade has broadened quite materially,” said Oren Shiran, portfolio manager for Lazard US Systematic Small Cap Equity ETF. “Small-caps have become a real part of the second and third order of AI.” Smaller technology companies can offer improving earnings prospects, relatively cheap valuations and a broad array of businesses related to the AI buildout, investors say, including chipmakers, data center suppliers and network equipment makers. The S&P 600 small-cap tech index has gained almost 54 per cent this year, compared with a 20.1 per cent …
Futures, Global Stocks Soar To All Time High, Oil Plunges On Endless “Iran Deal” Drumbeat
US equity futures jumped and global stocks rose to record highs as crude oil fell after officials signaled – once again – that the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened while precious metals and crypto bounced from Friday’s drop. While the US and Iran closed in on a deal, Trump said he won’t “rush” into an agreement. The deal is still a work in progress and the US is going to give diplomacy every chance to succeed, Secretary of State Marco Rubio said. S&P 500 futures squeezed higher by 0.9%, in line with Goldman expectations, while Nasdaq futs were up 1.3%, both printing in record territory as the market just can’t get enough of news that “a deal is imminent.” US cash markets are shut Monday for the Memorial Day holiday. The dollar retreated against all of its Group-of-10 peers. Crude oil slumps more than 5%: WTI crude futures fall to around $91 and Brent contracts drop below $98 a barrel. Aussie tops G-10 leaderboard; euro and pound …
Stocks fall as US bond yields rise, oil eases after latest Iran war headlines
NEW YORK/LONDON, May 19 : A global stock index fell with 30-year U.S. Treasury yields rising to their highest levels since 2007 on Tuesday, and oil prices eased as investors digested the latest headlines on U.S. talks with Iran to end the war. U.S. President Donald Trump said on Tuesday that the United States may need to strike Iran again and that he had been an hour away from ordering an attack before postponing it. Trump on Monday said he had paused a planned resumption of hostilities following a new proposal by Tehran to end the U.S.-Israeli war. U.S. Vice President JD Vance said the United States and Iran have made a lot of progress in their talks and neither side wants to see a resumption of the military campaign. Oil prices settled lower on the day, with Brent futures down 82 cents at $111.28 a barrel and the U.S. West Texas Intermediate crude contract for June delivery, which expired on Tuesday, down 89 cents at $107.77. Mounting inflation fears continued to drive up U.S. …