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. Disney, Amgen, and Caterpillar surged on strong earnings, while chip stocks like AMD and Sandisk faced headwinds despite record sales. SpaceX shares initially plunged on heavy AI spending concerns but rebounded sharply as retail investors bought the dip, making it a top Robinhood favorite.
Topics discussed
Sponsor: ReliaQuest agentic defense
Weekly market overview and Fed rate expectations
Dow hits record high; Disney, Amgen, Caterpillar gains
Tech sector: Sandisk, AMD, and NVIDIA dynamics
SpaceX earnings, AI spending, and retail investor interest
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