What’s News in Markets: Dow Hits 54,000, Chip Stocks Waver, SpaceX Rebounds
Summary
Markets rallied as geopolitical easing and weak jobs data lowered rate hike expectations, pushing the Dow past 54,000. Strong earnings boosted Disney, Amgen, and Caterpillar, while Nvidia surged after SpaceX switched to its chips, causing AMD to drop. Despite heavy AI spending concerns, SpaceX shares rebounded sharply from post-earnings lows, driven by retail investor buying.
Topics discussed
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Weekly market overview: Oil, jobs, and index gains
Dow record high: Disney, Amgen, and Caterpillar earnings
Tech sector: Sandisk profits vs. investor expectations
AMD vs. NVIDIA: SpaceX shifts to NVIDIA chips
SpaceX earnings: AI spending concerns and stock surge
Retail investor buying and show sign-off
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