Wall Street climbed to a fresh record on Thursday as cooler-than-expected wholesale inflation eased concerns over another Federal Reserve interest rate hike, giving investors renewed confidence in U.S. markets.The S&amp;P 500 rose 0.65 per cent to close at a record 7,798.99, while the technology-heavy Nasdaq Composite gained 0.81 per cent. The Dow Jones Industrial Average edged 0.13 per cent higher. The S&amp;P 500 has gained roughly 14 per cent so far this year, according to Reuters.Also read | <a href="https://www.wionews.com/world/who-bears-responsibility-iran-wants-polluter-pays-rule-for-strait-of-hormuz-as-oil-slick-plagues-qeshm-1786582552036">'Who bears responsibility?': Iran wants 'polluter pays' rule for Strait of Hormuz as oil slick plagues Qeshm</a>The rally followed fresh data showing that inflationary pressures at the producer level were softer than economists had expected.According to the U.S. Bureau of Labor Statistics, the Producer Price Index, or PPI, was unchanged in July after falling a revised 0.1% in June.On an annual basis, producer prices rose 4.7 per cent, slowing from a 5.5 per cent increase in June. Prices for goods fell 0.7 per cent during July, while services prices increased 0.2 per cent.The PPI measures the prices that producers receive for goods and services and is closely watched for signs of inflation that could eventually be passed on to American consumers.Also read | <a href="https://www.wionews.com/world/new-eia-report-warns-strait-of-hormuz-disruptions-could-keep-pressure-on-global-oil-markets-1786594753362">EIA warns Strait of Hormuz disruptions could keep pressure on global oil markets</a>Also, according to the Bureau of Labor Statistics, consumer prices increased 3.4 per cent in the 12 months through July.Together, the reports have reduced expectations that the Federal Reserve will raise interest rates at its September meeting.Traders now see around a 35 per cent chance of a September rate hike, down from about 55 per cent a week earlier, according to Reuters. The Fed held its benchmark interest rate at a range of 3.50 per cent to 3.75 per cent at its July meeting.However, uncertainty remains over whether inflation is cooling quickly enough to bring it sustainably back toward the Fed’s 2 per cent target.For Wall Street, Thursday’s data provided some relief. Softer producer inflation reduced the immediate pressure on the Fed to raise rates, while optimism surrounding technology and artificial intelligence stocks helped propel the broader market to another record.&nbsp;

Wall Street hit fresh records as softer US producer inflation eased concerns over a September Fed rate hike and boosted investor confidence.

Wall Street climbed to a fresh record on Thursday as cooler-than-expected wholesale inflation eased concerns over another Federal Reserve interest rate hike, giving investors renewed confidence in U.S. markets. The S&P 500 rose 0.65 per cent to close at a record 7,798.99, while the technology-heavy Nasdaq Composite gained 0.81 per cent. The Dow Jones Industrial Average edged 0.13 per cent higher. The S&P 500 has gained roughly 14 per cent so far this year, according to Reuters. Also read | 'Who bears responsibility?': Iran wants 'polluter pays' rule for Strait of Hormuz as oil slick plagues Qeshm The rally followed fresh data showing that inflationary pressures at the producer level were softer than economists had expected. According to the U.S. Bureau of Labor Statistics, the Producer Price Index, or PPI, was unchanged in July after falling a revised 0.1% in June. On an annual basis, producer prices rose 4.7 per cent, slowing from a 5.5 per cent increase in June. Prices for goods fell 0.7 per cent during July, while services prices increased 0.2 per cent. The PPI measures the prices that producers receive for goods and services and is closely watched for signs of inflation that could eventually be passed on to American consumers. Also read | EIA warns Strait of Hormuz disruptions could keep pressure on global oil markets Also, according to the Bureau of Labor Statistics, consumer prices increased 3.4 per cent in the 12 months through July. Together, the reports have reduced expectations that the Federal Reserve will raise interest rates at its September meeting. Traders now see around a 35 per cent chance of a September rate hike, down from about 55 per cent a week earlier, according to Reuters. The Fed held its benchmark interest rate at a range of 3.50 per cent to 3.75 per cent at its July meeting. However, uncertainty remains over whether inflation is cooling quickly enough to bring it sustainably back toward the Fed’s 2 per cent target. For Wall Street, Thursday’s data provided some relief. Softer producer inflation reduced the immediate pressure on the Fed to raise rates, while optimism surrounding technology and artificial intelligence stocks helped propel the broader market to another record.

Wall Street hit fresh records as softer US producer inflation eased concerns over a September Fed rate hike and boosted investor confidence.

Wall Street hits record high as cooling US inflation reshapes Fed rate outlook

Wall Street companies have started subscribing to Donald Trump’s Truth Social posts for instant access, just days after Trump Media and Technology launched a new product offering early updates from the US President before they reach the general public.&nbsp;Trump Media, which owns Truth Social, said it has signed more than 10 customer agreements, mainly with high-frequency trading companies. The company said the customers are willing to pay between $60,000 and $100,000 a month for access to the Truth Social data feed, known as an application programming interface (API).&nbsp;"Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date," interim CEO Kevin McGurn said in a press release, without identifying the customers.&nbsp;Trump has frequently moved markets through his social media posts. His latest Truth Social product now allows companies to pay for early access to his updates, giving Wall Street firms a potential advantage over ordinary users.&nbsp;For high-frequency trading systems, milliseconds can carry significant financial value. Their algorithms scan for signals to buy or sell assets, and regular traders may see the information only after the market has already reacted.&nbsp;Trump remains Truth Social’s most-followed and influential poster. He often announces policy decisions on the platform, sometimes even before members of his own administration know about them.&nbsp;Also Read: <a href="https://www.wionews.com/world/who-is-andras-baka-viktor-orban-critic-chosen-as-hungary-s-new-president-1786462841529">Who is Andras Baka? Viktor Orban critic chosen as Hungary's new president</a>&nbsp;Instant access to announcements on tariffs, national security and executive orders could trigger sharp movements in oil, bonds, stocks and other assets.<h2>Truth Social faces financial losses</h2>Trump launched Truth Social in 2022 after Twitter banned him. The platform, which was later renamed X, had removed Trump from the service.&nbsp;Truth Social has not achieved widespread success beyond providing a platform for Trump’s policy updates. Trump Media reported a loss of $238.1 million for the quarter ended June 30.&nbsp;The company attributed much of the shortfall to declines in non-cash assets. These included more than $190 million in losses from "digital assets, digital assets pledged, and equity securities."&nbsp;Trump Media also said on Monday that it remains well-positioned to complete its proposed merger with nuclear-fusion company TAE Technologies in 2026.&nbsp;Democratic lawmakers criticised the arrangement and described it as a “shocking abuse of the office of the President”. They also called on the Securities and Exchange Commission to determine whether the arrangement violates federal securities laws.

The early access gives Wall Street trading firms Trump’s market-moving Truth Social posts milliseconds before the general public, allowing their algorithms to react faster to potential market shifts.

Wall Street companies have started subscribing to Donald Trump’s Truth Social posts for instant access, just days after Trump Media and Technology launched a new product offering early updates from the US President before they reach the general public. Trump Media, which owns Truth Social, said it has signed more than 10 customer agreements, mainly with high-frequency trading companies. The company said the customers are willing to pay between $60,000 and $100,000 a month for access to the Truth Social data feed, known as an application programming interface (API). "Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date," interim CEO Kevin McGurn said in a press release, without identifying the customers. Trump has frequently moved markets through his social media posts. His latest Truth Social product now allows companies to pay for early access to his updates, giving Wall Street firms a potential advantage over ordinary users. For high-frequency trading systems, milliseconds can carry significant financial value. Their algorithms scan for signals to buy or sell assets, and regular traders may see the information only after the market has already reacted. Trump remains Truth Social’s most-followed and influential poster. He often announces policy decisions on the platform, sometimes even before members of his own administration know about them. Also Read: Who is Andras Baka? Viktor Orban critic chosen as Hungary's new president Instant access to announcements on tariffs, national security and executive orders could trigger sharp movements in oil, bonds, stocks and other assets. Truth Social faces financial losses Trump launched Truth Social in 2022 after Twitter banned him. The platform, which was later renamed X, had removed Trump from the service. Truth Social has not achieved widespread success beyond providing a platform for Trump’s policy updates. Trump Media reported a loss of $238.1 million for the quarter ended June 30. The company attributed much of the shortfall to declines in non-cash assets. These included more than $190 million in losses from "digital assets, digital assets pledged, and equity securities." Trump Media also said on Monday that it remains well-positioned to complete its proposed merger with nuclear-fusion company TAE Technologies in 2026. Democratic lawmakers criticised the arrangement and described it as a “shocking abuse of the office of the President”. They also called on the Securities and Exchange Commission to determine whether the arrangement violates federal securities laws.

The early access gives Wall Street trading firms Trump’s market-moving Truth Social posts milliseconds before the general public, allowing their algorithms to react faster to potential market shifts.

Wall Street firms pay up to $100,000 for early access to Trump’s Truth Social posts

Truth Social has launched a premium Truth API service that offers real-time access to posts for subscribers paying as much as $100,000 per month. While premium data feeds are common across social media platforms, this service has sparked controversy because the platform's most influential user is U.S. President Donald Trump.

The subscription is reportedly aimed at high-frequency trading firms, hedge funds, financial institutions, and news organizations seeking instant access to market-moving information. Critics argue that when a sitting president's social media posts can influence stock markets, commodities, tariffs, and geopolitical developments, faster access could create an unfair financial advantage for those who can afford it.

Trump's $100K Truth Social API Sparks Insider Trading Fears | Can Presidential Posts Be Sold?

Elon Musk remains the world's richest person, but his fortune has suffered one of the sharpest declines ever recorded after heavy selling in Tesla and SpaceX shares. According to the Bloomberg Billionaires Index, Musk's net worth has fallen below the level it stood at before SpaceX's blockbuster stock market debut. His estimated fortune has dropped from around $1.45 trillion to just over $700 billion, wiping out roughly $650 billion in paper wealth within just a few weeks. The decline follows a steep correction in SpaceX shares, which have fallen around 45% since their record-breaking IPO, while Tesla stock has dropped approximately 17% after reporting weaker-than-expected second-quarter earnings.

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status

Does the stock market perform better during certain months of the year? In this News by Numbers report, we break down the historical seasonal performance of the S&P 500, revealing which months have consistently delivered the strongest returns—and which have historically underperformed.

Using decades of market data, we examine how seasonal trends have influenced Wall Street, investor sentiment, and long-term investment strategies. While history does not guarantee future performance, these patterns provide valuable insight into how the market has behaved over time.

S&P 500 Seasonal Trends: Which months deliver the best Stock Market Returns?

American companies are becoming more global than ever, even as Washington continues its America First agenda and pushes massive investments into domestic AI infrastructure. New data shows that S&P 500 companies now generate around 42% of their revenue from outside the United States, reaching a historic record and surpassing previous highs seen during the dotcom era. Technology companies are leading this global expansion, with foreign markets contributing more than half of the sector’s revenue. Major communication companies, including firms like Meta, Alphabet, and Netflix, have also increased their international exposure significantly.

US companies hit record global revenue levels despite America first push and AI boom

Trump Media and Technology Group has launched Truth API, a paid data service offering Wall Street trading firms millisecond-fast access to posts from some of the most influential accounts on Truth Social, including President Donald Trump’s account. The service, reportedly priced at around $100,000 per month for premium access, has sparked debate over whether early access to presidential posts could provide an advantage to investors before market reactions occur.

Trump Media Faces Backlash As Truth API Turns Presidential Posts Into A Business Model | US News 

Trump Media & Technology Group has launched Truth API, a premium licensed data feed that gives banks, financial institutions, and high-frequency trading firms the fastest access to posts from Truth Social's most influential accounts, including U.S. President Donald Trump.

The company says the service is designed for organizations where milliseconds matter, allowing institutional clients to receive market-moving updates faster than regular Truth Social notifications. Truth API also marks Trump Media's first major step into the financial data licensing business, opening a new revenue stream beyond social media.

Trump's Truth Social launches truth api | Wall Street gets fastest access to market-moving posts

IBM shares plunged 25% in their steepest single-day decline since 1968 after the company issued a preliminary earnings warning that fell short of Wall Street expectations. The sharp selloff wiped out more than $100 billion in market value and erased much of the company's AI-driven gains from earlier this year.

IBM blamed weaker-than-expected results on a global memory chip shortage, saying customers redirected spending toward AI servers, storage, and memory hardware instead of software and mainframes. The warning also weighed on the broader technology sector, with software stocks declining while chipmakers and storage companies gained as investors shifted toward AI infrastructure.

IBM shares plunge 25% after shock earnings warning, ai chip shortage hits software demand

The American stock market isn't just an investment vehicle anymore; it's becoming the country's de facto pension system. But how does that change everything in Washington's response to the next equity market crash? Let's decode. Gallup's April survey found 58 per cent of US adults own stock directly or through funds, and the wealthiest one per cent alone hold over 50 per cent of all corporate equities. That's not a niche investor class anymore. That's a voting bloc.Also read | <a href="https://www.wionews.com/india-news/what-impacts-the-rate-of-interest-for-personal-loan-across-different-lenders-1783604432936">What impacts the rate of interest for personal loan across different lenders</a> Now add Trump accounts to the mix; more than 500,000 children's accounts received their first $1,000 government deposit when trading launched on July 4th, with 6 million families already signed up. Wells Fargo estimates these accounts could funnel nearly $20 billion into markets this year alone. That is a permanent new buyer base, layered in from birth.<a href="https://www.wionews.com/videos/wall-street-becomes-america-s-retirement-fund-1783571247149/embed">https://www.wionews.com/videos/wall-street-becomes-america-s-retirement-fund-1783571247149/embed</a><h2>Why does this matter for crisis policy?</h2>Because social security is running out of runway. The retirement trust fund is projected to be depleted by the December quarter of 2032, just six years away. That is likely to trigger an automatic 22 per cent benefit cut if Congress does nothing. As the state safety net frays, the stock market is quietly stepping into its place. Put those two trends together of mass equity ownership plus a wobbling public pension system, and the political cost of a prolonged bear market becomes almost unbearable for any administration. That's the logic behind the theory gaining traction on trading desks.Also read | <a href="https://www.wionews.com/world/oil-prices-jump-by-2-63-as-fresh-us-strikes-on-iran-shake-up-strait-of-hormuz-again-1783471599627">Fresh US-Iran strikes send oil prices soaring. Here's why markets are worried</a> So, the Federal Reserve could eventually buy equity ETFs directly in the next major downturn, following the precedent it set with corporate bond ETFs during the pandemic. Notably, that path has already been carved by Japan and China's central banks. Stock bears keep getting run over. And now we know why.

More than half of Americans now own stocks, Social Security's trust fund is projected to run dry by 2032, and millions of children have begun investing through Trump Accounts. Has Wall Street quietly become America's pension system, making future market bailouts almost inevitable? 

The American stock market isn't just an investment vehicle anymore; it's becoming the country's de facto pension system. But how does that change everything in Washington's response to the next equity market crash? Let's decode. Gallup's April survey found 58 per cent of US adults own stock directly or through funds, and the wealthiest one per cent alone hold over 50 per cent of all corporate equities. That's not a niche investor class anymore. That's a voting bloc. Also read | What impacts the rate of interest for personal loan across different lenders Now add Trump accounts to the mix; more than 500,000 children's accounts received their first $1,000 government deposit when trading launched on July 4th, with 6 million families already signed up. Wells Fargo estimates these accounts could funnel nearly $20 billion into markets this year alone. That is a permanent new buyer base, layered in from birth. https://www.wionews.com/videos/wall-street-becomes-america-s-retirement-fund-1783571247149/embed Why does this matter for crisis policy? Because social security is running out of runway. The retirement trust fund is projected to be depleted by the December quarter of 2032, just six years away. That is likely to trigger an automatic 22 per cent benefit cut if Congress does nothing. As the state safety net frays, the stock market is quietly stepping into its place. Put those two trends together of mass equity ownership plus a wobbling public pension system, and the political cost of a prolonged bear market becomes almost unbearable for any administration. That's the logic behind the theory gaining traction on trading desks. Also read | Fresh US-Iran strikes send oil prices soaring. Here's why markets are worried So, the Federal Reserve could eventually buy equity ETFs directly in the next major downturn, following the precedent it set with corporate bond ETFs during the pandemic. Notably, that path has already been carved by Japan and China's central banks. Stock bears keep getting run over. And now we know why.

More than half of Americans now own stocks, Social Security's trust fund is projected to run dry by 2032, and millions of children have begun investing through Trump Accounts. Has Wall Street quietly become America's pension system, making future market bailouts almost inevitable?&nbsp;

Too political to fail? The real reason America can't afford another Wall Street crash

Wall Street closed a volatile week on a high note amid renewed peace progress hopes. The run-up in SpaceX boosted investor confidence, leading some on Wall Street to believe other stocks may be undervalued.


What Moved Global Markets This Week?

OpenAI said on Monday that it has confidentially filed for a draft for IPO. The company is expected to go public as early as Q4FY26 with a valuation that could be close to a trillion dollars. The AI giant has submitted its S-1 form for review and is keeping the sensitive financial books private before they are made public to the prospective investors.“We recently submitted a confidential S-1. We expect it to leak, so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs, and this gives us the option to go public sooner if that ends up being best,” read OpenAI's blog post.The company has a private valuation of somewhat close to $850 billion. CFO Sarah Friar told CNBC in April that it’s “good hygiene” for a company like OpenAI to look, feel and act like a “public company”. However, she did not mention a specific timeline for the IPO. The company is currently working with Goldman Sachs and Morgan Stanley on the filing.Also Read: <a href="https://www.wionews.com/world/china-exports-may-2026-ai-ev-tech-demand-trade-surplus-1780983208551">China exports surge 19.4% in May as AI, EV and tech demand offset West Asia war risks</a><h2>Open AI Financial reality</h2>OpenAI was last valued privately at $852 billion; going public would shed light on the real financial margin and expose the company to intense scrutiny. It flagship LLM (large language model) ChatGPT now supports more than 900 million active users weekly. OpenAI has raised around $180 billion in private VC funding. It is burning staggering computing and operational infrastructure costs exceeding $100 billion annually. Internal communication from the company, reported by the Wall Street Journal, states that it is not expected to be profitable before 2030. It plans to spend roughly $600 billion on computing and data centres by 2030, as reported by CNBC and Reuters.<h2>Race to Wall Street</h2>OpenAI marks the third AI giant which is racing to become public. Its primary rival, Anthropic, maker of Claude, has beaten them to the market with a confidential filing, at a private valuation of roughly $965 billion. Elon Musk's rocket maker SpaceX is leading the pack with its record-breaking $1.77 trillion valuation. SpaceX stock trading is scheduled to officially start on Friday, June 12, 2026, and is expected to raise around $75 billion.&nbsp;

OpenAI has confidentially filed for an IPO and could go public as early as Q4 FY26. The ChatGPT maker is reportedly targeting a valuation approaching $1 trillion amid soaring AI demand.

OpenAI said on Monday that it has confidentially filed for a draft for IPO. The company is expected to go public as early as Q4FY26 with a valuation that could be close to a trillion dollars. The AI giant has submitted its S-1 form for review and is keeping the sensitive financial books private before they are made public to the prospective investors. “We recently submitted a confidential S-1. We expect it to leak, so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs, and this gives us the option to go public sooner if that ends up being best,” read OpenAI's blog post. The company has a private valuation of somewhat close to $850 billion. CFO Sarah Friar told CNBC in April that it’s “good hygiene” for a company like OpenAI to look, feel and act like a “public company”. However, she did not mention a specific timeline for the IPO. The company is currently working with Goldman Sachs and Morgan Stanley on the filing. Also Read: China exports surge 19.4% in May as AI, EV and tech demand offset West Asia war risks Open AI Financial reality OpenAI was last valued privately at $852 billion; going public would shed light on the real financial margin and expose the company to intense scrutiny. It flagship LLM (large language model) ChatGPT now supports more than 900 million active users weekly. OpenAI has raised around $180 billion in private VC funding. It is burning staggering computing and operational infrastructure costs exceeding $100 billion annually. Internal communication from the company, reported by the Wall Street Journal, states that it is not expected to be profitable before 2030. It plans to spend roughly $600 billion on computing and data centres by 2030, as reported by CNBC and Reuters. Race to Wall Street OpenAI marks the third AI giant which is racing to become public. Its primary rival, Anthropic, maker of Claude, has beaten them to the market with a confidential filing, at a private valuation of roughly $965 billion. Elon Musk's rocket maker SpaceX is leading the pack with its record-breaking $1.77 trillion valuation. SpaceX stock trading is scheduled to officially start on Friday, June 12, 2026, and is expected to raise around $75 billion.

OpenAI has confidentially filed for an IPO and could go public as early as Q4 FY26. The ChatGPT maker is reportedly targeting a valuation approaching $1 trillion amid soaring AI demand.

Race to Wall Street- OpenAI files confidentially for IPO on US stock market

America's stock market is no longer just America's. A historic shift is underway in who owns US stocks, and the numbers are staggering.


Who Really Owns the US Stock Market?

Wall Street stocks marked eight straight weeks of gains. That is the longest winning streak in market history, and it is leaving American investors richer than ever.


Stock Gains Dwarf Dot-Com Bubble Era Highs 

Global stock markets surged on Thursday (May 14), with major Wall Street indices reaching fresh record highs as investor enthusiasm around artificial intelligence and technology stocks continued to fuel market momentum. The rally was led by strong gains in the tech sector, with Cisco Systems soaring 13.4 per cent after raising its earnings outlook. Semiconductor startup Cerebras Systems also made a powerful Nasdaq debut, surging 68.2 per cent during its first trading session. &nbsp;All three major US stock indices closed firmly higher, with the S&amp;P 500 and Nasdaq Composite ending at record highs.&nbsp;Investor attention also focused on Beijing, where Chinese President Xi Jinping welcomed US President Donald Trump with a grand state ceremony at the Great Hall of the People. The event featured military honors, a 21-gun salute, and schoolchildren chanting “Welcome!” as Trump attended the official reception. Speaking during the visit, Trump said the relationship between China and the USA is going to be better than ever before. However, Xi also delivered a warning regarding Taiwan.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/india-fuel-prices-hiked-petrol-diesel-prices-jump-by-rs-3-per-litre-as-fuel-costs-surge-1778807845685">India fuel prices hiked: Petrol, diesel prices jump Rs 3 despite govt’s ‘ample stock’ claim</a>&nbsp;"If mishandled, the two nations could collide or even come into conflict, pushing the entire China-US relationship into a highly perilous situation," Xi said, according to Chinese state media. Markets were also watching for signs of progress toward a potential US-Iran agreement that could reopen the Strait of Hormuz, a key global oil shipping route affected by tensions following the US-Iran conflict. Trump told Fox News that Xi had offered China's assistance in reopening the Hormuz Strait and had pledged not to provide military equipment to Iran. Oil prices fluctuated throughout the day before ending slightly higher.&nbsp;European markets also ended the session in positive territory. London stocks gained 0.5 percent after data showed the UK economy had a solid start to the year, though geopolitical tensions and domestic political uncertainty continued to weigh on sentiment. The British pound weakened against both the U.S. dollar and the euro as pressure mounted on Prime Minister Keir Starmer. British Health Secretary Wes Streeting resigned, while Greater Manchester Mayor Andy Burnham launched a bid to return to Parliament, fueling speculation about growing political unrest within the UK government.&nbsp;<a href="https://www.wionews.com/videos/india-austerity-measures-leaders-across-india-emulate-pm-modi-s-austerity-measures-1778809516872/embed">https://www.wionews.com/videos/india-austerity-measures-leaders-across-india-emulate-pm-modi-s-austerity-measures-1778809516872/embed</a>&nbsp;Elsewhere in Europe, Frankfurt climbed more than one percent while Paris gained 0.9 percent, supported by strength in technology shares. In Asia, markets delivered mixed performances, with Shanghai and Tokyo closing lower while Hong Kong ended the day flat.<h2>Key figures at around 2015&nbsp;GMT (1:45 AM IST)</h2><ul><li>Brent North Sea Crude:&nbsp;UP 0.1 percent at 105.72 a barrel</li><li>West Texas Intermediate: UP 0.2 percent at 101.17 a barrel</li><li>New York - DOW: UP 0.8 percent at 50,063.46 (close)</li><li>New York - S&amp;P 500: UP 0.8 percent at 7,501.24 (close)</li><li>New York - Nasdaq Composite: UP 0.9 percent at 26,635.22 (close)</li><li>London - FTSE 100: UP 0.5 percent at 10,372.93 (close)</li><li>Paris - CAC 40: UP 0.9 percent at 8,082.27 (close)</li><li>Frankfurt - DAX 30: UP 1.3 percent at 24,456.26 (close)</li><li>Tokyo - Nikkei 225: DOWN 1.0 percent at 62,654.05 (close)</li><li>Hong Kong - Hang Seng Index: FLAT at 26,389.04 (close)</li><li>Shanghai - Composite: DOWN 1.5 percent at 4,177.92&nbsp;(close)</li><li>Pound/dollar: DOWN at 1.3400 from $1.3523 on Wednesday</li><li>Euro/pound: UP at 87.09 pence from 86.61 pence</li><li>Euro/dollar: DOWN at $1.1673 from $1.1711</li><li>Dollar/yen: UP at 158.33 yen from 157.86&nbsp;yen</li></ul>

Wall Street surged to record highs on a tech rally as Donald Trump and Xi Jinping held major talks in Beijing amid global tensions

Global stock markets surged on Thursday (May 14), with major Wall Street indices reaching fresh record highs as investor enthusiasm around artificial intelligence and technology stocks continued to fuel market momentum. The rally was led by strong gains in the tech sector, with Cisco Systems soaring 13.4 per cent after raising its earnings outlook. Semiconductor startup Cerebras Systems also made a powerful Nasdaq debut, surging 68.2 per cent during its first trading session. All three major US stock indices closed firmly higher, with the S&P 500 and Nasdaq Composite ending at record highs. Investor attention also focused on Beijing, where Chinese President Xi Jinping welcomed US President Donald Trump with a grand state ceremony at the Great Hall of the People. The event featured military honors, a 21-gun salute, and schoolchildren chanting “Welcome!” as Trump attended the official reception. Speaking during the visit, Trump said the relationship between China and the USA is going to be better than ever before. However, Xi also delivered a warning regarding Taiwan. Also Read: India fuel prices hiked: Petrol, diesel prices jump Rs 3 despite govt’s ‘ample stock’ claim "If mishandled, the two nations could collide or even come into conflict, pushing the entire China-US relationship into a highly perilous situation," Xi said, according to Chinese state media. Markets were also watching for signs of progress toward a potential US-Iran agreement that could reopen the Strait of Hormuz, a key global oil shipping route affected by tensions following the US-Iran conflict. Trump told Fox News that Xi had offered China's assistance in reopening the Hormuz Strait and had pledged not to provide military equipment to Iran. Oil prices fluctuated throughout the day before ending slightly higher. European markets also ended the session in positive territory. London stocks gained 0.5 percent after data showed the UK economy had a solid start to the year, though geopolitical tensions and domestic political uncertainty continued to weigh on sentiment. The British pound weakened against both the U.S. dollar and the euro as pressure mounted on Prime Minister Keir Starmer. British Health Secretary Wes Streeting resigned, while Greater Manchester Mayor Andy Burnham launched a bid to return to Parliament, fueling speculation about growing political unrest within the UK government. https://www.wionews.com/videos/india-austerity-measures-leaders-across-india-emulate-pm-modi-s-austerity-measures-1778809516872/embed Elsewhere in Europe, Frankfurt climbed more than one percent while Paris gained 0.9 percent, supported by strength in technology shares. In Asia, markets delivered mixed performances, with Shanghai and Tokyo closing lower while Hong Kong ended the day flat. Key figures at around 2015 GMT (1:45 AM IST) Brent North Sea Crude: UP 0.1 percent at 105.72 a barrel West Texas Intermediate: UP 0.2 percent at 101.17 a barrel New York - DOW: UP 0.8 percent at 50,063.46 (close) New York - S&P 500: UP 0.8 percent at 7,501.24 (close) New York - Nasdaq Composite: UP 0.9 percent at 26,635.22 (close) London - FTSE 100: UP 0.5 percent at 10,372.93 (close) Paris - CAC 40: UP 0.9 percent at 8,082.27 (close) Frankfurt - DAX 30: UP 1.3 percent at 24,456.26 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 62,654.05 (close) Hong Kong - Hang Seng Index: FLAT at 26,389.04 (close) Shanghai - Composite: DOWN 1.5 percent at 4,177.92 (close) Pound/dollar: DOWN at 1.3400 from $1.3523 on Wednesday Euro/pound: UP at 87.09 pence from 86.61 pence Euro/dollar: DOWN at $1.1673 from $1.1711 Dollar/yen: UP at 158.33 yen from 157.86 yen

Wall Street hit record highs as tech stocks rallied while Donald Trump and Xi Jinping held high-stakes talks in Beijing amid global tensions

Trump-Xi Summit: Wall Street hits record highs as tech and AI stocks power markets

Wall Street is witnessing an unprecedented surge in semiconductor stocks. Driven by the AI boom, chipmakers have rapidly gained market dominance, echoing patterns last seen during the dot-com era. With valuations soaring and a single sector commanding a huge share, markets now face a big test. In the next news in numbers report, we break it down.


AI Boom: The Largest Asset Bubble in History

Wall Street closed higher on Monday, led by tech stocks and gains in travel and retail, while investors welcomed easing oil prices. U.S. Stock futures were mostly flat ahead of the session, reflecting caution after overnight gains and ongoing concerns over the Iran war. Take a look at this next report for more.


US-Iran War: Wall Street Stocks See Another Record, Scale Of War To Shape The Global Outlook  

Global stocks have almost entirely recovered to prices from February. That is despite the surge in energy costs and a significant tightening of financial conditions. The positive market sentiment comes despite downbeat medium-term growth outlook from elevated crude prices.


Iran War: Global Stocks Rise And Oil Falls Again

US Stocks closed mostly lower on Wednesday, with the Dow leading the decline. Investors looked past the latest inflation report, instead focusing on rising oil prices and their impact on future rate cuts. Meanwhile, tech, food, and defence stocks saw big moves on earnings and forecasts.


US Stocks Mixed as Dow Leads Market Decline

Wall street is buzzing after tech giant Nvidia reported record-breaking quarterly results, fueled by surging demand for its artificial intelligence chips. The Santa Clara-based company has once again proven to be the backbone of the AI boom.


Nvidia Stuns Wall Street With AI Boom

While Wall Street poured billions into semiconductor stocks in 2026, the ultra-wealthy quietly invested in luxury assets, especially Hermès Birkin bags. With limited supply, rising resale values, and strong demand, Birkin bags have emerged as an alternative investment class for the 1% club. Is luxury leather the new safe haven? Watch for insights into this high-end wealth trend.

The 1% Club: Investing in Birkin Bags While Wall Street Chased Chips

The US economy is highly exposed to swings on Wall Street, with about 62 percent of Americans invested in the stock market. Latest data shows household wealth surged to a record in the July to September quarter last year as markets hit all time highs. In this report, we examine how a sharp market downturn could ripple through the wider US economy.


Mechanism of US Economy as 62 Percent of Americans Invest in Stocks

The US economy is vulnerable to a significant shift on Wall Street, as about 62 percent of Americans invest in stocks. Latest data shows the wealth of American households surged to a record during the July to September quarter last year, reflecting US stock markets' run to all-time highs. In this next report, we decode the risks to the US Economy from a crash in the stock market. Take a look.


US Household Worth Hits Fresh Record On Stock Market Rally 

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Mechanism of US Economy as 62 Percent of Americans Invest in Stocks

US Household Worth Hits Fresh Record On Stock Market Rally