Photo: The New York Stock Exchange building (file image)
Business & FinanceWall Street rallies after Democratic midterm sweep as Dow jumps more than 1,300 points
US stocks surged on November 4 as investors welcomed the end of midterm uncertainty, with the Dow rising about 2.5 per cent, even as data-centre and AI-linked shares came under pressure over tighter regulation fears.
Photo: Apple Park in Cupertino, California, seen from above
Business & FinanceApple beats Wall Street expectations as iPhone sales hit a September-quarter record
Apple reported fiscal fourth-quarter revenue of $114.48 billion and earnings of $2.10 a share, beating analyst expectations on strong iPhone and Mac sales.
Photo: The New York Stock Exchange on Wall Street
Business & FinanceWall Street ends mixed as chip sell-off deepens and oil plunges more than 7% on Iran diplomacy hopes
The Dow rose 0.41% to 51,983.98 while the Nasdaq fell 1.07% to 25,164.32, as a technology sell-off erased early gains and Brent crude dropped $8.66 to $104.77 a barrel.
Photo: The New York Stock Exchange building in New York
Business & FinanceWall Street sell-off deepens as AI spending fears wipe billions off tech shares on Friday
The Nasdaq fell more than 3.8% and the S&P 500 dropped 2.5% on Friday in their worst day since June, as investors punished big technology companies over the returns on their enormous artificial intelligence spending.