Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Highlights: US stocks end higher as investors turn to earnings season
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Day: July 10, 2026
US stocks today: US stocks end higher as investors turn to earnings season
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors remain cautious ahead of earnings season and inflation data, while geopolitical tensions and interest rate uncertainty continue to shape broader market sentiment.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender’s expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank’s net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also…
SK Hynix shares jump 14% in debut on US stock market riding on AI wave
SK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip stocks. The South Korean semiconductor giant aims to expand HBM chip production and AI infrastructure, while analysts monitor valuation concerns and risks of slowing AI spending.
Global Markets: Chinese fast fashion retailer Shein finally wins approval for Hong Kong IPO
Fast-fashion titan Shein has gained approval for its Hong Kong IPO after previous attempts were blocked. Although the company has faced strict regulatory examination and backlash in the US and UK markets, it seeks to rebound. Currently, investors project its valuation could be between forty to fifty billion dollars. This IPO represents a vital turning…
Circle shares surge 13% on getting regulatory approval to set up US trust bank
Circle secured final regulatory approval from the OCC for its national trust bank. This allows the stablecoin issuer to manage its own reserves and client crypto assets. The charter places Circle’s bank under direct federal supervision by the OCC. Digital asset firms are increasingly seeking traditional financial services and banking licenses. Circle is the issuer…
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: US stocks rise as chip stocks’ gains offset Middle East jitters
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Oil heads for weekly gain as Middle East supply risks persist
On Friday, oil prices saw a modest increase as they aimed for weekly gains. Renewed hostilities between the US and Iran have severely limited shipping activity in the Strait of Hormuz, leading to a virtual halt in tanker traffic. This disruption followed Iran’s burial of its late supreme leader, Ayatollah Ali Khamenei. Despite this, market…
SpaceX’s near-term AI payoff seen tethered to Earth, not outer space
SpaceX’s current value stems from building essential AI infrastructure on Earth. The company is generating significant revenue from terrestrial compute contracts with major clients. These deals are expected to far exceed income from other SpaceX businesses this year. Orbital AI remains a longer-term prospect dependent on technological advancements. Analysts believe terrestrial compute will drive SpaceX’s…
Wall Street banks rule on staff betting on prediction markets, sources say
In a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restrictions on engaging in financial and political prediction markets. Specifically, Goldman Sachs and Morgan Stanley have enacted firm prohibitions, while JPMorgan Chase and Bank of America have also established comparable limitations. These initiatives are designed to eliminate…