The S&P 500 and Nasdaq indices closed at record highs on Wednesday, buoyed by strong performances from Nvidia and power equipment manufacturer GE Vernova, amid signs of a potential US-European Union trade agreement reminiscent of a prior US-Japan deal.
Diplomatic sources suggest the prospective agreement may introduce a 15% tariff on European Union imports, possibly including vehicles, echoing the framework established between the U.S. and Japan.
The S&P 500 rose 0.78% to finish at 6,358.91 points, while the Nasdaq climbed 0.61% to 21,020.02 points. The Dow Jones Industrial Average increased by 1.14%, closing at 45,010.29 points, just shy of its 4 December record.
Shares of GE Vernova surged 14.6% to an all-time high after the company raised its revenue and free cash flow forecasts, beating second-quarter earnings expectations. The firm has now gained over 80% in 2025, driven by soaring electricity demand from Artificial Intelligence and cryptocurrency data centres.
Meanwhile, AI chip giant Nvidia advanced 2.25%, significantly contributing to the upward momentum in both the S&P 500 and Nasdaq.
Tesla shares edged up 0.14% ahead of its earnings report, due after market close. Analysts anticipate a sharp decline in revenue due to intensifying competition, a limited new model line-up, and a consumer backlash against CEO Elon Musk.
Alphabet, the parent company of Google, saw its stock slip 0.58%, also poised to release quarterly results after trading hours.
Texas Instruments dropped 13% following a disappointing earnings outlook, citing softer demand and tariff-related uncertainty. The report weighed on the broader analogue chip segment, pulling down shares of NXP Semiconductors, Analog Devices, and ON Semiconductor by between 1% and 4.6%.
U.S. existing home sales declined more than expected in June. Markets now await weekly jobless claims and S&P Global’s flash PMI figures for further insight into the economic landscape amid ongoing trade tensions.
Following last week’s mixed economic indicators, traders have largely ruled out an interest rate cut by the Federal Reserve at next week’s meeting. According to the CME FedWatch tool, the likelihood of a rate reduction in September is currently around 58%.
Advancing issues in the S&P 500 outpaced decliners by a 2.1-to-1 ratio. The index posted 50 new highs and 2 new lows, while the Nasdaq recorded 96 new highs and 20 new lows.
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The Zaporizhzhia Nuclear Power Plant in Ukraine has now entered its sixth day running on emergency diesel generators, deepening fears of a potential nuclear disaster.
President Donald Trump announced in a Truth Social post on Monday that he plans to impose a 100% tariff on any movies produced outside of the United States.
U.S. President Donald Trump hosted Israeli Prime Minister Benjamin Netanyahu for pivotal talks on Monday, urging him to support a peace proposal aimed at ending the nearly two-year-old war in Gaza.
Video game giant Electronic Arts (EA), the studio behind titles like Madden NFL, Battlefield and The Sims, is set to be acquired for $52.5 billion in what would be the largest-ever private equity buyout.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
The Zaporizhzhia Nuclear Power Plant in Ukraine has now entered its sixth day running on emergency diesel generators, deepening fears of a potential nuclear disaster.
President Donald Trump announced in a Truth Social post on Monday that he plans to impose a 100% tariff on any movies produced outside of the United States.
North Korea will never give up its nuclear program, the country's Vice Foreign Minister Kim Son Gyong told the United Nations General Assembly on Monday (29 September).
Wildfires have destroyed about a third of Namibia's Etosha National Park, a roughly 20,000 square-kilometre (7,722 square-mile) tourist destination known for its wildlife, the presidency said.
Video game giant Electronic Arts (EA), the studio behind titles like Madden NFL, Battlefield and The Sims, is set to be acquired for $52.5 billion in what would be the largest-ever private equity buyout.
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