S&P 500 Notches Fresh Record but Breadth Warning Lingers
Another all-time high masked a familiar concern: gains remain concentrated in a handful of megacap names while the average stock lags.
A string of high-profile filings signals the primary market may finally be thawing after a prolonged drought in new listings.
FX and rates analyst covering G10 and emerging markets.
After two lean years, the new-issue market is showing signs of life as several technology companies move toward public debuts.
A few disappointing debuts could slam the window shut again, so issuers are racing to list while sentiment holds.
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Another all-time high masked a familiar concern: gains remain concentrated in a handful of megacap names while the average stock lags.
Nvidia reported quarterly revenue of $22.1 billion, crushing Wall Street estimates by 15%, as demand for AI training hardware continues to accelerate across industries.
Apple unveiled its largest-ever share repurchase program alongside an earnings beat, signaling confidence in its long-term AI strategy despite a decline in China sales.