To The Moon

The index on Wednesday tallied its first intraday and closing record highs since the start of the Iran conflict. The S&P 500 moved back into record territory on Wednesday for the first time since January.The S&P 500 SPX climbed to fresh record highs on Wednesday, tallying its first finish above the psychologically important 7,000 threshold, as investors cheered the fact that a seemingly shaky cease-fire between the U.S. and Iran appeared to be holding - even if the number of ships transiting the Strait of Hormuz remained well below preconflict levels.In the meantime, the focus has shifted to the strong backdrop for corporate earnings and the U.S. economy more broadly, said Scott Ladner, chief investment officer at Horizon Investments.-- The S&P 500 index snapped a streak of 53 trading days without a record close, the longest such stretch since the 88-day streak ending June 27.As the above chart shows, the share of S&P 500 stocks making new 20-day highs hasn't quite reached the levels s

Stock futures fell modestly Wednesday as the relief rally sparked by cease-fire talks between the U.S. and Iran looked set to run out of steam.These stocks were making moves in premarket trading:. Broadcom rose 3% after the chip maker extended an existing deal with Meta Platforms to support the Facebook parent's artificial-intelligence infrastructure buildout. Broadcom said it would deliver Meta Training and Inference Accelerator chips, or MTIA, through 2029.Nike added 2.8% after a form 4 filing showed that Apple CEO Tim Cook and Nike CEO Elliott Hill both bought about $1 million worth of shares in recent days. The sportswear retailer's stock is down 31% this year as investors fret about tighter margins and weak sales in China.ASML declined 0.5% after the Dutch chipmaking equipment company beat analysts' expectations for first-quarter profit and raised its sales guidance. Investors may have been opting to take profit following a strong run for the company's American depositary receipts

$XIAOMI-W (01810)$ launched the flagship base model Xiaomi MiMo-V2-Pro for the Agent era. Shares of Xiaomi jumped about 4% on the news.Tailor-made for high-intensity Agent work scenarios in the real...

EV shares rose in Hong Kong market. Leap Motor up 4%; NIO up 3%; Li Auto, Xiaomi, XPeng up around 2%; BYD Company up over 1%.

Netflix continues to dominate the streaming industry for movies and television shows, but its stock has lost its mojo.$Netflix(NFLX)$ operates the world's largest streaming platform for movies and...

Dow Jones Index Hits Intraday Record High

Sirius XM Holdings Inc. (SIRI) experienced a significant intraday surge, with its stock price soaring 12.69% during Thursday's trading session.The sharp increase follows the company's release of its...

Singapore Telecommunications Ltd (Singtel) shares declined approximately 2.4% to S$4.43 during Wednesday afternoon trading, as the telecom operator advanced with a 50Gbps fibre broadband trial...

Chinese e-commerce conglomerate Pinduoduo sacked a number of its employees after being involved in a brawl with market regulators, Nikkei Asia reported Wednesday, citing sources.The dismissed employees were mostly from Pinduoduo's government relations division, the report said, citing people familiar with the matter.Among those dismissed was compliance director Tu Tuohang, who posted on WeChat stating he had been dismissed last week for "serious negligence that caused substantial harm to the company," the report said."Nearly 30 employees" were also dismissed, the report said, citing Tu.Police earlier detained at least three executives of Pinduoduo after a physical fight with market inspectors at its Shanghai headquarters, the report said.Clashes between companies and regulators are rare in China, the report said.

Alibaba Group stock was one of the few names rising on Monday, with the wider market seeing a rocky start to December as risk sentiment among investors seemed to take a hit.While the S&P 500 was poised to open 0.7% lower to begin the month, Alibaba's American Depositary Receipts -- or ADRs, essentially its U.S.-listed stock -- jumped 1.5%.It looks like economic pain in China could mean government stimulus from Beijing that could boost Alibaba.Investors were digesting key economic data from China that came out over the weekend. The country's official manufacturing purchasing-managers' index printed at 49.2, with any number below 50 marking contraction, and this being the eighth consecutive month for the index below 50.The non-manufacturing PMI came in at 49.2, below expectations of 50 and marking the first month of contraction in nearly three years."Chinese equities are bucking the risk off elsewhere this morning, possibly on stimulus hopes given the data," noted Jim Reid, a strategist