Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
The S&P 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy. Nvidia, Micron Technology, and Sandisk led gains in the technology sector, helping push Wall Street higher despite ongoing geopolitical tensions in the Middle East and concerns over rising oil prices.
The S&P 500 advanced 0.84% to finish at 7,398.93, while the Nasdaq surged 1.71% to close at 26,247.08. The Dow Jones Industrial Average edged up 0.02% to 49,609.16. Technology stocks remained the primary driver of the rally, with the S&P 500 technology index climbing 2.7%.
AI-focused chipmaker Nvidia gained 1.8%, while Micron Technology and Sandisk jumped more than 15% each due to strong demand linked to the rapid expansion of AI data centers. The Philadelphia Semiconductor Index also soared, extending its second-quarter gains to 55%.
Investor sentiment was further supported by solid corporate earnings. According to LSEG I/B/E/S, first-quarter S&P 500 earnings are projected to rise nearly 29% year-over-year, fueled largely by major AI companies. About 83% of the 440 S&P 500 companies that have reported earnings so far have exceeded analyst expectations.
Economic data also played a key role in boosting markets. U.S. employment increased more than expected in April, while the unemployment rate held steady at 4.3%, signaling continued labor market strength. Traders now widely expect the Federal Reserve to keep interest rates unchanged in the 3.50% to 3.75% range through the end of 2026.
Despite the positive momentum, some companies faced sharp declines. Cloudflare plunged 24% after announcing workforce reductions and weaker revenue guidance. Expedia dropped 9% after warning that the Middle East conflict was hurting travel demand, while CoreWeave and Trade Desk also posted losses.
The S&P 500 and Nasdaq recorded their sixth consecutive weekly gains, highlighting continued investor optimism surrounding AI growth, corporate earnings, and economic stability in 2026.
