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Business

Global Markets Surge to Record Highs Driven by AI Hype Ahead of Crucial Fed Decision

Global stock markets have experienced an unprecedented rally, closing at record highs for two straight days. The surge is largely attributed to a fervent 'AI trade' and better-than-expected corporate earnings, all while investors brace for the Federal Reserve's pivotal interest rate decision, which could dictate the market's immediate future trajectory.

By Rick Deckard
Business

Nasdaq Surges as Microsoft Hits Historic $4 Trillion Valuation Amidst Federal Reserve Meeting

Global markets saw significant movement earlier this week, with the Nasdaq Composite leading gains driven by major tech companies. Microsoft achieved a historic $4 trillion market capitalization, highlighting the sustained strength of the technology sector, all while the Federal Reserve commenced crucial policy discussions. The Dow Jones also climbed, and specific biotech names showed notable leaps, signaling broad market confidence despite economic uncertainties.

By Rick Deckard