Live Nasdaq Composite: Markets Eye Fresh Records, Oil Prices Stabilize as Sentiment Improves
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US stock markets are eyeing fresh records as geopolitical tensions ease and oil prices stabilize, with corporate fundamentals taking center stage. The labor market remains solid, with unemployment claims below expectations.
US stock markets are poised for fresh records as geopolitical tensions ease and oil prices stabilize. The labor market remains solid, with 207,000 unemployment claims filed last week, below expectations. Taiwan Semiconductor fell over 3% despite strong quarterly profits, due to concerns over its $52-56 billion AI capex plan. Google is in talks with the Pentagon to bring its Gemini AI models into classified settings. Roku has crossed 100 million households streaming on its platform, competing with Netflix. The S&P 500 and Nasdaq Composite are slowly gaining, with WTI oil up 1.4% to $92.56. Microsoft's upcoming earnings are anticipated, with analysts weighing in on Azure's potential upside.
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