US stocks: S&P 500 hits record high on strong AI-linked earnings, Mideast deal hopes

Wall Street’s S&P 500 index reached a new intraday record high on Tuesday. Upbeat artificial intelligence forecasts from Caterpillar and Palantir boosted market sentiment. Hopes for an imminent Middle East peace deal also contributed to the gains. Strong earnings from AI companies like Amazon and Microsoft reassured investors about their investments. The blue-chip Dow Jones…

Elon Musk likely to face tough questions during SpaceX’s first earnings call after stock market listing

SpaceX’s investors are gearing up to challenge Elon Musk about the company’s trajectory and financial stability as stock prices have plummeted since June’s highs. Anticipated insider share sales could amplify trading fluctuations. Investors are particularly interested in Musk’s insights on the Starship rocket launch tests and satellite network developments, especially given that SpaceX is grappling…

India’s new closing auction stokes sharp Nifty swings, options volatility on weekly expiry

India’s Nifty 50 index faced notable volatility yet again, largely driven by the recent implementation of a new closing price mechanism. This development coincided with the expiration of weekly derivative contracts, which created turmoil among traders. As the Nifty 50 moved lower, experts indicated the necessity for critical adjustments to the new pricing system to…