Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
South Korea GDP Surges on Chip and AI Boom 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
ECB Rate Hike in Focus as Oil Tops $100 
Add as a preferred source on Google
U.S. stock index futures held steady Wednesday evening after the S&P 500 hit a record high, driven by Netflix’s strong earnings and optimism over President Donald Trump’s AI investment initiative. S&P 500 Futures were flat at 6,118.0 points, while Nasdaq 100 Futures dipped 0.1% to 21,970.50. Dow Jones Futures remained steady at 44,354.0 points.
Netflix (NASDAQ:NFLX) shares soared 10% after reporting 19 million new subscriber additions in Q4 2024, smashing expectations. Revenue rose 8% to $9.5 billion, while net income increased 12% to $915 million. The streaming giant announced U.S. and international price hikes, citing higher programming investments.
AI stocks surged as Trump unveiled a $500 billion AI initiative, Stargate, a joint venture with OpenAI, Oracle (NYSE:ORCL), Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA), and SoftBank (TYO:9984). The project aims to build AI data centers and power facilities in Texas, boosting the sector’s growth. Oracle shares rose 7%, Microsoft gained 4.1%, and Nvidia climbed 4.4%.
Arm Holdings (NASDAQ:ARM) surged 16%, while Amazon (NASDAQ:AMZN) rose 2%, pushing the S&P 500 to a record high of 6,100.81 points before closing 0.6% higher at 6,086.28. The NASDAQ Composite rose 1.
