Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
Moderna jumped almost 11% after BofA Global Research raised its price target, lifting the S&P 500 healthcare index by 1.96%. Memory and storage technology stocks also surged following Nvidia CEO Jensen Huang’s presentation at the Consumer Electronics Show in Las Vegas on upcoming AI processors. SanDisk rose 27%, Western Digital 17%, Seagate 14%, and Micron 10%, all hitting record highs. The PHLX chip index gained 2.75%, bringing its early 2026 gains to roughly 8%.
Investors are awaiting fresh U.S. economic data as the effects of a 43-day federal government shutdown fade.
Key reports this week include ADP job figures and job openings on Wednesday (7 January), followed by December’s official employment report on Friday. Weaker-than-expected data could bolster arguments for central bank rate cuts.
The S&P 500 ended up 0.62% at 6,944.82 points, the Nasdaq gained 0.65% to 23,547.17, and the Dow rose 0.99% to 49,462.08. Trading volumes were relatively heavy, with 18.7 billion shares changing hands compared with a 20-session average of 16.1 billion.
Energy shares slipped after strong prior gains, with Exxon Mobil down 3.4% and Chevron 4.5%. Concerns over cooling demand for data centres following Nvidia’s AI chip comments saw Johnson Controls fall 6.2% and Trane Technologies 2.5%. AIG shares tumbled 7.5% after CEO Peter Zaffino announced his resignation.
Within the S&P 500, advancing issues outnumbered decliners by a ratio of more than three to one, with 62 new highs and 8 new lows. The Nasdaq recorded 126 new highs and 42 new lows.
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European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Azerbaijan's non-oil and gas exports, excluding non-monetary gold, rose 20.8 per cent year-on-year to $3.6 billion in the first 10 months of 2026, according to preliminary figures released by the Center for Analysis of Economic Reforms and Communication (CAERC) on Thursday.
Nvidia's board is scheduled to meet to decide whether to remove CEO Jensen Huang following reports of extramarital affairs, including one involving a woman suspected of links to Chinese intelligence, as U.S. lawmakers intensify scrutiny of the chipmaker's exports to China.
Calls for Nvidia CEO Jensen Huang to resign are growing amid national security concerns, raising questions about the future of the AI chip giant. With billions in quarterly revenue, no announced successor and investors already reacting to the controversy, what happens if its co-founder steps down?
Azerbaijan is seeking international investment to develop more than four gigawatts (GW) of offshore wind power in the Caspian Sea, as part of plans to expand renewable energy and establish electricity export routes to Türkiye and Europe.
The FBI is investigating Nvidia CEO Jensen Huang's relationship with a Chinese businesswoman suspected of passing information to Beijing, U.S. President Donald Trump said on Monday, 9 November.
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