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.
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readine...
Baku has once again become a focal point for international energy diplomacy, investment and strategic cooperation, as Baku Energy Week brings together...
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the i...
Trump reportedly lashed out at Netanyahu on Monday over Israel's escalation in Lebanon, describing the Israeli leader as "crazy" and warning that furt...
A launch ceremony marking the commissioning of the modernised Baku-Tbilisi-Kars (BTK) railway line was held at Akhalkalaki station in Georgia on 2 Ju...
Kazakhstan has restored oil production after an accident at the Tengiz oil field briefly disrupted output last week, while also signalling its readiness to increase crude shipments through the Baku–Tbilisi–Ceyhan (BTC) pipeline.
Baku has once again become a focal point for international energy diplomacy, investment and strategic cooperation, as Baku Energy Week brings together policymakers, industry leaders and investors from around the world.
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the incident circulated widely on social media.
Trump reportedly lashed out at Netanyahu on Monday over Israel's escalation in Lebanon, describing the Israeli leader as "crazy" and warning that further military action would deepen Israel's international isolation, according to a report by Axios.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Competing narratives continue to shape perceptions of the war in Ukraine, with Russian leadership suggesting a possible end phase while Ukrainian officials warn of renewed large-scale attacks and ongoing escalation risks.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
When Armenians vote on 7 June, they will be voting in an election shaped by months of political change and a rapidly deepening relationship with the European Union. The result may not only determine who governs Armenia but also the future direction of the country's geopolitical alignment.
Unsealed records from the U.S. Department of Justice have renewed scrutiny of lawyer Robert Amsterdam after documents revealed communications between his law firm and Jeffrey Epstein's office. The disclosures have drawn attention because of Amsterdam's prominent role in Armenia.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment