Daily Updates

US equities rose overnight, with the S&P 500 recording its first gain of the week despite further selling in semiconductor and technology hardware stocks. Sentiment towards chipmakers was weighed down by signs of credit stress at US data centre operator and cloud computing provider CoreWeave.

US equities spent another day in the red, with higher than expected inflation in September pushing the S&P 500 down 1%, its worst day since July.

US equities were mixed overnight, with the S&P 500 closing virtually unchanged for a second consecutive session. The market recovered most of its early losses after FOMC vice-chair John Williamson said another interest rate increase may be appropriate in 2026, but he does not necessarily expect hikes in 2027.

US equities were mostly higher overnight; however, weakness in semiconductor, Amazon and Tesla shares saw the S&P 500 close marginally lower. The Philadelphia Stock Exchange Semiconductor Index fell 2.7%, its fourth consecutive decline, as concerns persisted over elevated valuations, revenue prospects and competition from China. 

US equities ended last week on a positive note, with the S&P 500 rising for the first time in three days. Consumer discretionary, health care and information technology made the largest contributions to the gain.

US equities fell for a second straight day, led by technology stocks, as concerns about AI-related earnings resurfaced following reports that OpenAI's revenue was lower than investors had anticipated. Chipmakers were the largest drag, with the semiconductor subindex down 3.3%. US Treasuries experienced another volatile session.