Market News

Forexlive · 2h ago

investingLive Americas market news wrap: Iran optimism and tech rebound leads to risk surge

<ul><li><a href="https://investinglive.com/central-banks/fed-s-goolsbee-starting-to-see-inflation-kicking-up-in-services" rel="follow">Fed's Goolsbee: Starting to see inflation kicking up in services</a></li><li><a href="https://investinglive.com/central-banks/fed-s-barkin-jobs-report-was-healthy-but-firms-still-see-low-hire-low-fire-economy" rel="follow">Fed's Barkin: Jobs report was 'healthy' but firms still see low-hire, low-fire economy</a></li><li><a href="https://investinglive.com/news/us-september-wholesale-inventories-0-7-vs-0-6-expected" rel="follow">US September wholesale inventories +0.7% vs +0.6% expected</a></li><li><a href="https://investinglive.com/news/ny-fed-october-survey-shows-1-3-and-5-year-inflation-expectations-unchanged" rel="follow">NY Fed October survey shows 1, 3 and 5 year inflation expectations unchanged</a></li><li><a href="https://investinglive.com/stocks/morgan-stanley-says-buy-the-ai-dip-sees-3-4-trillion-in-hyperscaler-spending-through-2028" rel="follow">Morgan Stanley says buy the AI dip, sees $3.4 trillion in hyperscaler spending through 2028</a></li><li><a href="https://investinglive.com/news/u-s-treasury-sells-58-billion-of-3-year-notes-at-a-high-yield-of-4-627" rel="follow">U.S. Treasury sells $58 billion of 3 year notes at a high yield of 4.627%</a></li><li><a href="https://investinglive.com/news/anthropic-unveils-fable-5-2-and-mythos-5-2-models-ahead-of-ipo" rel="follow">Anthropic unveils Fable 5.2 and Mythos 5.2 models ahead of IPO</a></li></ul><p>Markets:</p><ul><li>WTI crude down $4.77 to $86.05</li><li>US 10-year yields up 1 bps to 4.87%</li><li>Gold up $77 to $4142</li><li>NZD leads, USD lags</li><li>S&P 500 up 2.3%, Nasdaq up 2.7%</li></ul><p>Risk assets stormed back on Monday on tech dip buying and a drop in oil prices.</p><p>The tech market got a lift late Friday on a report that Anthropic is going ahead with its IPO and we got more evidence today as it released a new frontier model and reports say the IPO marketing will start tomorrow. That news helped to overshadown the honeypot story that sent Nvidia shares down more than 8% at the open.  That was ultimately pared to 4.4% but it was the rest of the market that shot higher, led by a double-digit jump in AMD shares. Beaten-up AI infrastructure shares and memory names also jumped.</p><p>On Iran, positive news was steady, including a late report that a talk between Qatari mediators and Trump was positive. Iran also reportedly agreed to negotiate around nuclear and both sides accepted enrichment to normal civilian-use levels. Oil dropped through the 200-day moving average to the lowest in two months. There have been various cautions and denials, and not much in the way of official confirmation of anything, particularly from the Iran side.</p><p>All told, the gains in the S&P 500 were the most since April 8 and in the Nasdaq, the best since July 30. Tomorrow we get the latest US CPI report.</p><p></p> This article was written by Adam Button at investinglive.com.