-- Asian equities were set for a mixed open Thursday as results for Nvidia Corp. supported tech stocks in late trading. An index of dollar strength touched a one-week high as US yields rose.Equity futures for Australia and Hong Kong fell, while those for Japan rose. The S&P 500 fell 0.3% while the Nasdaq 100 was little changed Wednesday. Post-market results for Nvidia sent its shares as much as 7% higher in after-hours trading in New York.
“Many” Fed officials expressed uncertainty over the degree to which policy is restraining the economy — but the minutes also noted policy “was seen as restrictive.” The move in yields supported the greenback with the Bloomberg dollar index rising to a one-week high. “We stay positive on the AI trend and maintain our preference for big tech given the advantageous market positions,” she said. “We forecast global tech earnings growth of 20% and 16% this year and next, respectively, led by the semiconductor sector where we see investment opportunities.”
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he currently expects the Fed won’t cut rates this year amid an economy that’s proved more resilient thanks to government spending. People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City
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