US stocks end volatile week on a positive note |
Stocks shook off premarket regional banking jitters and bubble fears after comments from President Trump seemed to assuage investors about the risks of trade war escalation with China. The S&P 500 and the Nasdaq 100 ended the day up 0.5% and 0.6%, respectively, while the Russell 2000 finished lower for the second session in a row, down 0.6%.
Almost every sector ETF finished in the green, led by consumer staples. Stocks that moved higher: |
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EssilorLuxottica surged to a record high after reporting Ray-Ban Meta glasses helped boost revenue growth.
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— Toby Bochan, Managing Editor |
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Though OpenAI’s valuation has soared, making it the world’s most valuable private company and is currently far ahead of Anthropic’s figure, the two are closer on revenue than you might expect. Read more.
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The remarkable rise of the Honeycrisp and Cosmic Crisp apples |
America is a land of diversity where people, cultures, and inspirations clash to create a melting pot of different ideas. But ask a room full of people what their favorite apple is and these days you might get a lot of the same answer.
Read more. |
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JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s total market cap, up from 26% in 2022. Read more. |
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