The S&P 500, Dow and Nasdaq are near record highs and are on track to end higher for a second straight year.
A nearly 100-basis point cut in interest rates in 2024 by the Federal Reserve and a rally in technology stocks in anticipation of boost to corporate profits from artificial intelligence powered a strong surge in equities in 2024.
The S&P 500 tech, communications services and consumer discretionary have jumped more than 30 per cent this year.
Although AI poster-child Nvidia’s nearly 170 per cent surge this year was smaller compared with last year, the rally helped the company notch $3 trillion in market value, while Tesla reclaimed $1 trillion level.
Denne historien er fra January 01, 2025-utgaven av Khaleej Times.
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Denne historien er fra January 01, 2025-utgaven av Khaleej Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Airbus faces financial bill after end-year delivery crunch
Airbus is counting the cost of last-minute financial concessions to airlines to overcome a spate of minor quality problems after scrambling to deliver a provisional 123 jets in December, industry sources said.
Bezos's Blue Origin targets Friday for orbital launch
Amazon founder Jeff Bezos's Blue Origin will launch its first orbital rocket \"no earlier than Friday\", it said, a pivotal moment in the commercial space race currently dominated by Elon Musk's SpaceX.
Britain to make creating sexually explicit deepfakes new offence
Britain plans to criminally charge people who create and share sexually explicit deepfake images to better protect women and girls, a minister said on Tuesday.
Winter storm leaves large US region blanketed in snow, ice
A major storm system that blanketed a large swathe of the central and eastern United States in snow and ice - disrupting travel for millions and contributing to at least five deaths-was headed offshore on Monday night, forecasters said.
FDA seeks to boost accuracy of blood-oxygen monitors across skin tones
The US health regulator on Monday proposed new guidelines for widely-used blood oxygen monitoring devices to improve their performance across skin tones amid growing evidence that the current ones are not reliable for patients with darker skin.
Conceicao's first week as Milan coach ends in Super Cup success
Sergio Conceicao capped an incredible first week at AC Milan by lifting the Italian Super Cup on Monday, wrapping up a period which included two comeback wins, fighting a fever, picking up an injury and smoking a cigar in the dressing room.
Zheng looks to emulate Li at Australian Open
There seemed a touch of destiny when Zheng Qinwen made the Australian Open final last year a decade after trailblazing compatriot Li Na hoisted the women's trophy.
Homes talk and tables walk at AI dominated CES
Home appliances that do chores, cars that know your favourite cafe, and robot pets aiming to please are among artificial intelligence-infused offerings at the Consumer Electronics Show opening on Tuesday.
Now, get flowers that stay fresh for a year in Dubai
A bouquet of fresh smelling flowers is guaranteed to light up anyone's day. However, the sad part is when they wither away within a quick span of time.
Perfect start for M7 ES at Dubai Crown Prince Endurance Festival
M7 Endurance Stables got their Dubai Crown Prince Endurance Festival campaign off to a winning start at Dubai International Endurance City in Seeh Al Salam with Argentina’s Milena Mendez stamping her authority on the opening race of the series, the 101km Ladies Ride on Tuesday.
