Futurum Group CEO Daniel Newman says Nvidia’s earnings and unmatched demand make it the cornerstone of the AI revolution and pushes again on skeptics who declare the inventory is overvalued.
The Dow Jones Industrial Common rose 328 factors to shut above the 48,000 degree for the primary time on Wednesday, registering its seventeenth document excessive of the yr as traders guess on the top of the longest authorities shutdown in historical past and shrugged off issues about an AI bubble.
Ticker Safety Final Change Change % I:DJI DOW JONES AVERAGES 48254.82 +326.86
+0.68%
DIA SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST – USD DIS 482.76 +3.35
+0.70%
“We’re climbing that proverbial wall of worry…the fundamental backdrop remains strong for all this talk about bubbles and such, but that’s just talk. Technical things happen for fundamental reasons and I think the body of evidence through the lens of the markets themselves is still quite bullish into year-end and quite frankly into the new year,” Evercore ISI head of technical evaluation Wealthy Ross stated on Making Cash with Charles Payne.
BESSENT PREDICTS STRONG U.S. ECONOMY
Dow Jones Industrial Common
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The Dow’s back-to-back document shut, pushed by features in UnitedHealth and Goldman Sachs, added to the benchmark’s 13% acquire this yr, which continues to be trailing the S&P 500 and Nasdaq which have risen 16% and 21%, respectively. Tech member IBM additionally hit a document excessive after sturdy quarterly outcomes.
RECORD YEAR FOR ETF INDUSTRY
Buyers have poured cash into exchange-traded funds this yr at a fever pitch with U.S. listed ETFs netting $171 billion in October pushing totals for 2025 to over $1 trillion, in accordance with the ETF Flash Flows report from State Avenue Funding Administration.
US COMPANIES SECURE RECORD $170B IN GLOBAL CONTRACTS UNDER TRUMP SO FAR, COMMERCE SAYS
Ticker Safety Final Change Change % UNH UNITEDHEALTH GROUP INC. 339.09 +11.66
+3.56%
GS THE GOLDMAN SACHS GROUP INC. 839.05 +28.44
+3.51%
IBM INTERNATIONAL BUSINESS MACHINES CORP. 315.04 +1.24
+0.39%
SPY SPDR S&P 500 ETF TRUST – USD DIS 683.31 +0.40
+0.06%
QQQ INVESCO QQQ TRUST – USD DIS 621.08 -0.49
-0.08%
Within the broader market, healthcare and financials paced modest features for the S&P 500, lifting ETFs together with the SPDR Monetary Index in addition to the healthcare choose sector ETF. The Nasdaq ended the session little modified, however AMD added 9% after the corporate delivered some bold targets at its investor day this week.
ETF NEWS AND ANALYSIS: FOXBUSINESS.COM
Ticker Safety Final Change Change % XLF FINANCIAL SELECT SECTOR SPDR ETF 53.67 +0.46
+0.86%
XLV HEALTH CARE SELECT SECTOR SPDR ETF 152.81 +2.12
+1.40%
AMD ADVANCED MICRO DEVICES INC. 258.89 +21.37
+9.00%
“The reason people are invested is because we’re really starting to see the productivity benefits on the other side for all enterprises. So, absolutely, I mean, we look at this market, we’ve called it now, when we first started, we were thinking, is it three or $400 billion? Our last forecast was $500 billion in 2028. And now we see that the overall AI market can be greater than a trillion dollars by the time we get to 2030. And so there’s a lot of AI demand out there right now” CEO Lisa Su stated on the Claman Countdown.
AMD CEO and chair Dr. Lisa Su discusses the chip-making firm’s technique to guide the unreal intelligence development race on ‘The Claman Countdown.’
Buyers additionally dismissed the dearth of presidency financial knowledge because of the shutdown, together with the most recent inflation knowledge that was set for this week and even a wake-up name from the White Home.
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“The Democrat shutdown made it extraordinarily difficult for economic economists, investors and policymakers at the Federal Reserve to receive critical government data. The Democrats may have permanently damaged the federal statistical system, with October CPI and jobs reports likely never being released, and all of that economic data released will be permanently impaired, leaving our policymakers at the fed flying blind at a critical period” stated Press Secretary Karoline Leavitt throughout her briefing.
The Fed’s subsequent assembly is December tenth.
