Jefferies Names 6 Top India Stock Picks Across Key Sectors 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
UK House Prices Fall for First Time Since 2023 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Yen Rebounds as BOJ Rate Hike Bets Rise 
China to Inject $45 Billion Into State Financial Institutions 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
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Wall Street’s main indexes climbed on Thursday, supported by strong earnings from Taiwan Semiconductor Manufacturing Company (TSMC) that reinforced investor optimism about artificial intelligence (AI) and extended a rally in chip stocks. TSMC, the world’s largest maker of advanced chips, raised its full-year revenue forecast, citing surging demand from AI spending. Despite initial gains of over 2% before the opening bell, U.S.-listed TSMC shares slipped 1.1% amid volatile trading.
The upbeat sentiment spread across major U.S. chipmakers. Nvidia rose 1.2%, Micron Technology advanced 2.7%, and Broadcom gained 1.3%, lifting the S&P 500 tech sector by 0.5%. Analysts said investor enthusiasm for AI continues to be fueled by strong spending from tech giants and hyperscalers, with investors now exploring adjacent opportunities beyond traditional chipmakers.
Recent positive momentum in AI-related stocks and expectations of U.S. interest rate cuts have supported markets in recent months. Strong earnings from major banks also highlighted economic resilience, even as official macroeconomic data remain delayed due to the ongoing government shutdown.
At 10:02 a.m. ET, the Dow Jones Industrial Average rose 83.57 points, or 0.18%, to 46,336.88. The S&P 500 gained 19.62 points, or 0.29%, to 6,690.68, while the Nasdaq Composite climbed 115.74 points, or 0.51%, to 22,785.82. The S&P 500 communication services sector advanced 0.7%, while financials declined 0.9%.
In geopolitical news, tensions flared as China accused the U.S. of inciting panic over rare earth export controls, rejecting Washington’s call to ease restrictions. Meanwhile, President Donald Trump threatened to impose additional 100% tariffs on Chinese goods but remains open to meeting President Xi Jinping later this month.
Elsewhere, Salesforce shares surged 7.1% after projecting 2030 revenue above $60 billion, while Hewlett Packard Enterprise fell 8.6% on weaker profit guidance. J.B. Hunt jumped 17.7% following stronger-than-expected quarterly earnings.
