AI-stock rally powers Nasdaq to record close
First reported 5 Oct, 20:13 UTCUpdated 16h ago4 sources
2 left · 2 center · 0 right · Full breakdown
Demand for compute is strong enough that hyperscalers remain undeterred by higher borrowing costs, posing a dilemma for the US Federal Reserve.
Excerpt from Semafor
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The Australian share market opens higher. The Nasdaq hit a record high after Wall Street's tech stocks surged. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Demand for compute is strong enough that hyperscalers remain undeterred by higher borrowing costs, posing a dilemma for the US Federal Reserve.
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- ASX eyes gains as Wall Street climbs; Oil swings (opens The Sydney Morning Herald in a new tab)
US stocks closed higher after a couple of buyout announcements helped lift the market while oil prices fluctuated.
- Nasdaq hits record as dollar and Treasury yields climb, oil prices ease (opens CNA in a new tab)
- ASX rises, Nasdaq hits new record high (opens ABC News (Australia) in a new tab)
The Australian share market opens higher. The Nasdaq hit a record high after Wall Street's tech stocks surged. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
- AI-stock rally powers Nasdaq to record close (opens Semafor in a new tab)
Demand for compute is strong enough that hyperscalers remain undeterred by higher borrowing costs, posing a dilemma for the US Federal Reserve.
