Major Indices Rise as AI Investment Sentiment Recovers

Here is a look at the global market trends, starting with the New York Stock Exchange.

The three major indices closed higher.

The Nasdaq rose 1%, while the S&P 500 and the Dow Jones Industrial Average both gained around 0.6%.

By sector, industrials and tech stocks showed strong gains of over 1%, whereas communication services and real estate lagged relatively.

Today's rise in New York was driven by strong earnings from major corporations and a recovery in sentiment toward AI-related investments.

Notably, SpaceX announced that its third-quarter revenue surged 161% compared to the same period last year.

Revenue from its AI business division also increased more than ninefold from a year ago, partially easing lingering concerns over the profitability of AI investments.

Supermicro also showed strength, boosted by AI-related demand, as buying spread to related stocks.

Meanwhile, in the U.S. Treasury market, the yield on the 10-year note held relatively stable in the early 5.1% range.

Next, let's look at the U.S. futures market.

Following the recovery in AI investment sentiment sparked by SpaceX's strong earnings on Wall Street, the market is also keeping a close eye on the earnings of major big tech companies released after the market close.

U.S. stock index futures have now turned downward.

Dow futures are down 59 points, hovering around the 53,000 mark, while Nasdaq 100 futures saw the largest drop, falling 103 points to slip below the 30,000 threshold.

S&P 500 futures are trading slightly lower around the 7,700 level.

Turning to the small-cap-focused Russell 2000 futures, they are down slightly and moving around the 2,700 level.

Overnight, the yield on the U.S. 10-year Treasury note moved with little change at around 5.11%.

Markets are closely watching upcoming employment indicators and the Federal Reserve's monetary policy direction.

The 10-year U.S. Treasury futures yield is recorded at 5.126%.

In the commodity futures market, tensions in the Middle East persist after the U.S. ordered the withdrawal of some diplomatic personnel stationed in Saudi Arabia.

Crude oil futures are trading around the 97 dollars per barrel mark.


As the harvest progress in the U.S. Midwest and regional supply and demand conditions impact prices, corn futures are moving at around 464 cents per bushel.

Finally, let's look at the trends for major U.S. stock futures.

Tesla has also emerged as a point of interest due to the possibility of a merger with SpaceX.

Tesla futures are down more than 1%, while Meta announced third-quarter revenue that beat market expectations. Meta futures are up 5% strongly.

That concludes our look at the CME futures market.
※ Please note: This article was translated by AI and may contain errors.