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.
On Monday (8 September), two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem. Police described the incident as a “terrori...
Kazakh President Kassym-Jomart Tokayev has proposed the creation of a unicameral parliament in the country. Speaking to the nation on Monday at the pa...
U.S. defence secretary Pete Hegseth and joint chiefs of staff chairman Dan Caine made a surprise visit to Puerto Rico on Monday, marking the first tri...
Diplomatic tensions between Spain and Israel have escalated sharply, with Madrid recalling its ambassador from Tel Aviv on Monday. The move came after...
On Monday (8 September), two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem. Police described the incident as a “terrorist attack,” reporting that six people were killed and several others injured.
Kazakh President Kassym-Jomart Tokayev has proposed the creation of a unicameral parliament in the country. Speaking to the nation on Monday at the parliament in Astana, he said the reform would have a “serious positive impact” on the country’s socio-economic development.
U.S. defence secretary Pete Hegseth and joint chiefs of staff chairman Dan Caine made a surprise visit to Puerto Rico on Monday, marking the first trip by senior Pentagon officials since Washington increased its military presence in the Caribbean, heightening tensions with Venezuela.
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 powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Violent clashes broke out on Monday in Nepal between police and protesters demonstrating against a social media ban and alleged corruption.
On Monday (8 September), two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem. Police described the incident as a “terrorist attack,” reporting that six people were killed and several others injured.
Kazakh President Kassym-Jomart Tokayev has proposed the creation of a unicameral parliament in the country. Speaking to the nation on Monday at the parliament in Astana, he said the reform would have a “serious positive impact” on the country’s socio-economic development.
U.S. defence secretary Pete Hegseth and joint chiefs of staff chairman Dan Caine made a surprise visit to Puerto Rico on Monday, marking the first trip by senior Pentagon officials since Washington increased its military presence in the Caribbean, heightening tensions with Venezuela.
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