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US signals crackdown on compounded weight-loss drugs; Hims shares tumble
Hims and Hers Health shares dive 14% after hoursFDA cites concerns over quality, safety, federal lawReuters reported Hims would offer Wegovy-like drug for $49By Leah Douglas and Siddhi Mahatole Feb 6 (Reuters) - The U.S. Food and Drug Administration said on Friday it would take action against tel...Reuters
9 hours ago
Post-Bell | Dow Closes Above 50,000; Amazon down 6%; Tesla Rises 4%; Nvidia, AMD Soar 8%; Novo Nordisk up 10%; ARM up 12%; CoreWeave Jumps 21%; Strategy Soars 26%
01 Stock MarketThe Dow Jones Industrial Average blew past the historic 50,000 mark on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled after the cloud heavyweight forecast a sharp increase in spending on AI infrastructure.Amazon dropped 5.6% after...Tiger News
9 hours ago
ASX Weekly Review | ASX 200 Slides 2% as Froth Indicators Deepen Global Pullback
Bitcoin’s role as an indicator of market froth has been pointing downwards all year, and several other indicators are starting to follow.Bitcoin has now dropped to as low as $US60,000, down from its record above $US124,000 set in October.Gold and silver prices have weakened more recently after a stu...Tiger News
9 hours ago
CORRECTED-Investors look beyond US hedge funds for the first time since 2023, Barclays says
By Nell MackenzieLONDON, Feb 6 (Reuters) - Investor interest in U.S. hedge funds is waning for the first time since 2023, with talk of a "Sell America" trade simmering since U.S. President Donald Trump's sweeping Liberation Day levies in April. Investors in the U.S. and Europe told Barcl...Reuters
10 hours ago
Nvidia Stocks Soar 8% as Jensen Huang Says $660B Capex Buildout Is Sustainable
The tech industry’s surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC’s “Halftime Report.”″The reason for that is because all of these companies’ cash flows are going to start rising,” Huang said.Nvidia shares c...Tiger News
10 hours ago
Dow Jones Industrial Average breaks 50,000 level for first time
Dow now up 4.3% year to dateCaterpillar shares up 27% for year so farDow continues to outperform Wall Street peersBy Caroline Valetkevitch and Johann M CherianFeb 6 (Reuters) - The Dow Jones Industrial Average .DJI surged to close above the 50,000 mark for the first time on Friday, a historic moment...Reuters
11 hours ago
Hims & Hers down after FDA to restrict GLP-1 ingredients used in non-approved compounded drugs
Shares of Hims & Hers HIMS.N down 14.1% at $19.76 after the bellU.S. FDA plans to restrict GLP-1 ingredients used in non-approved compounded drugs that companies such as Hims & Hers have been marketing as alternatives to authorized treatments, citing concerns over quality, safety and potenti...Reuters
11 hours ago
GLOBAL MARKETS-Stocks, bitcoin rally, regaining some lost ground with precious metals
Equities rally but S&P 500, Nasdaq fall for the weekGreenback dips as risk assets catch a bidCryptocurrencies, precious metals rebound after steep lossesOil settled higher as US-Iran talks get under wayBy Sinéad Carew and Sophie Kiderlin NEW YORK/ LONDON, Feb 6 (Reuters) - MSCI's global ...Reuters
11 hours ago
US stocks weekly: Clawed
S&P 500 .SPX finishes down 0.1% in rocky trading as new AI automation tool by Anthropic's Claude bruises global markets .NDow .DJI gains 2.5%, ends above 50,000 for the first time ever, while the Nasdaq Composite .IXIC slides 1.8%Indeed, traders wondered whether the SPX would see a breakout ...Reuters
12 hours ago
Wall St Week Ahead-Tech stock shakeout clouds market ahead of economic data deluge
Dow industrials hit 50,000 on Friday as stocks reboundSoftware swoon draws questions about AI's impactJobs report due on Wednesday, CPI on Friday in busy data weekBy Lewis Krauskopf NEW YORK, Feb 6 (Reuters) - An artificial intelligence-driven shakeout in the heavyweight technology sector is ...Reuters
12 hours ago
DIARY-Federal Reserve Events
Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2026March 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)April 28-29 (second day: statement released...Reuters
12 hours ago
CANADA STOCKS-TSX rises the most in four months as metal prices rebound
TSX up 1.5% at 32,470.98,Posts biggest gain since October 14Miners lead as gold reboundsUnemployment rate falls to 6.5%By Fergal Smith Feb 6 (Reuters) - Canada's main stock index rounded out a volatile week on a strong note on Friday as metal prices rallied and investors took advantage of rec...Reuters
12 hours ago
LIVE MARKETS-US stocks rally as Dow vaults over 50k for first time
Main US indexes climb, all up ~2% or more; Russell 2000 up 3.6%Tech leads S&P 500 sector gainers, Comm Svcs, Cons Disc declineDollar falls; crude gains slightly; gold up >3.5%; bitcoin surges ~11.5%US 10-Year Treasury yield flat at ~4.21%Welcome to the home for real-time coverage of markets b...Reuters
12 hours ago
US STOCKS-Dow closes above 50,000, Nvidia soars as traders focus on AI spending
Roblox jumps after forecasting annual bookings above estimatesMolina Healthcare slumps on disappointing 2026 profit forecastDow hits 50,000 mark for first timeS&P 500 +1.97%, Nasdaq +2.18%, Dow +2.47% By Noel Randewich Feb 6 (Reuters) - The Dow Jones Industrial Average blew past the historic ...Reuters
12 hours ago
US STOCKS-Dow hits 50,000, Nvidia soars as traders focus on AI spending
Roblox jumps after forecasting annual bookings above estimatesMolina Healthcare slumps on disappointing 2026 profit forecastDow hits 50,000 mark for first timeBy Noel Randewich Feb 6 (Reuters) - The Dow Jones Industrial Average hit the historic 50,000 mark on Friday and the S&P 500 ended shar...Reuters
13 hours ago
GLOBAL MARKETS-Stocks, bitcoin regain some ground along with precious metals
Wall Street stocks rally but Nasdaq heads for weekly lossGreenback dips as risk assets catch a bidCryptocurrencies rebound after steep lossesOil rises as US-Iran talks get under wayBy Sinéad Carew and Sophie Kiderlin NEW YORK/ LONDON, Feb 6 (Reuters) - MSCI's global equities gauge was up mor...Reuters
13 hours ago
Big Tech's $600 billion spending plans exacerbate investors' AI headache
Tech jitters grip market Amazon's shares fall sharply after announcing $200 billion spendingEuropean data and analytics firms face pressure By Lucy Raitano, Dhara Ranasinghe and Chibuike Oguh NEW YORK/LONDON, Feb 6 (Reuters) - A planned $600 billion artificial intelligence spending splurge by...Reuters
13 hours ago
EMERGING MARKETS-LatAm FX, stocks eye positive end to week of tech, commodity turmoil
LatAm FX up 1%, stocks rise 2% Bradesco expects slower credit portfolio growth in 2026Brazil ministry expects 2.3% economic growth this yearColombian stocks set for biggest weekly drop since MarchBy Purvi Agarwal and Ragini Mathur Feb 6 (Reuters) - Most Latin American currencies strengthened agai...Reuters
13 hours ago
Dow Jones Industrial Average hits record 50,000 points
Feb 6 (Reuters) - The Dow Jones Industrial Average surged above 50,000 points for the first time on Friday, a historic moment for the blue-chip index, which was up more than 2% in afternoon trading.Shares of Nvidia NVDA.O gained more than 7% after recent losses and helped to give the Dow a boost, al...Reuters
13 hours ago
Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
By Prakhar Srivastava Feb 6 (Reuters) - Agomab Therapeutics AGMB.O secured a valuation of $716.4 million after its shares fell about 8% in their debut on Friday, as investors remain selective about new offerings. The Belgium-based company's stock opened at $14.70, below its offer price of $16...Reuters
14 hours ago
