Global markets show resilience following Federal Reserve rate hikes as energy sector volatility and technology stock recoveries capture investor attention.
Key Points
US stock indexes rebounded on Thursday as a decline in oil prices provided relief to investors, even following the Federal Reserve's decision to increase key interest rates.
The 10-year Treasury market is experiencing its most difficult streak in over a century, yet some strategists suggest that rising yields are creating new entry points for bond investors.
Chipmakers including Micron and Intel are seeing a strong market comeback as investor concerns regarding an AI-driven spending slowdown begin to subside.
In Pakistan, the State Bank reported a significant $3.06 billion surge in foreign exchange reserves, now totaling $21.39 billion, while also debunking rumors regarding the discontinuation of 10-rupee banknotes.
Saudi Arabia is increasing oil exports through the Strait of Hormuz following the closure of the East-West pipeline, amid heightened geopolitical tensions in the region.
Impulse Space has successfully expanded its Series D funding round to $808 million, reflecting continued investor interest in the growing aerospace sector.
Tesla investors are expressing caution ahead of an upcoming product launch, citing concerns over the slow progress of the company's autonomous robotaxi initiatives.
Radiant Logistics has committed $100 million in capital, betting on a sustained rebound in the freight industry, while investors monitor the failure of the Bitcoin Clarity Act vote for signs of crypto market volatility.