Previous close | 273.19 |
Open | 272.50 |
Bid | 274.45 |
Ask | 280.00 |
Strike | 1,650.00 |
Expiry date | 2026-12-18 |
Day's range | 270.54 - 280.50 |
Contract range | N/A |
Volume | |
Open interest | 29 |
AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable 50 basis point interest rate cut.
After closing Wednesday lower, US stocks have woken up to the reality of the Federal Reserve's 50-basis-point cut and are off to the races. The Dow Jones Industrial (^DJI) is rising by over 1%, while the S&P 500 (^GSPC) sees gains of 1.5% and the Nasdaq Composite (^IXIC) blasts off by 2.3%. Seana Smith and Brad Smith highlight Thursday morning's market momentum, namely in the tech-heavy Nasdaq and semiconductor sectors, the bond market (^TYX, ^TNX, ^FVX), and bitcoin's (BTC-USD) price action. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
United Arab Emirates-based artificial intelligence company G42 has teamed up with U.S. chipmaker Nvidia to work on climate tech, G42 said on Friday, ahead of the first-ever visit to the White House by a president of the UAE next week. The Gulf-based company said in a statement the two firms would work together develop AI solutions aimed at boosting weather forecasting accuracy globally and will set up an operational base and climate tech lab in Abu Dhabi. The UAE, led by government-backed G42, is investing heavily in AI to help diversify its economy away from oil and UAE-based companies have forged several deals with U.S. firms recently.