Global Market Update: AI Sentiment Improves, New York Stock Exchange Rises for Second Day

Here is the global market update.

Let us first look at the New York stock market.

The three major U.S. stock indices continued their upward trend for the second consecutive day.

In particular, the Nasdaq rose 1%, while the S&P 500 gained in the 0.6% range.

By sector, materials rose 2%, while technology and consumer discretionary stocks also posted gains in the 1% range to lead the market.

Today's rally was driven by semiconductor and AI-related stocks.

Sentiment was boosted by news that, following Anthropic's push for an initial public offering, major Wall Street financial institutions are raising 63.0 billion dollars to secure Broadcom's AI chips.

A drop in international oil prices also supported investor sentiment.

As expectations for a diplomatic resolution in the Middle East grew, West Texas Intermediate (WTI) crude fell to the 99 dollar per barrel level.

Meanwhile, as the Federal Reserve convened its regular FOMC meeting, the market is focusing less on whether interest rates will be frozen and more on policy messages regarding the possibility of future additional hikes.

Next, let us look at the U.S. futures market.

Amid improved AI-related investment sentiment, the market is closely watching whether the upward trend will continue ahead of the Fed's rate decision and the earnings announcements of major big tech companies.

U.S. stock index futures are moving in a narrow range.

Dow futures are recording the 52,500 level, while Nasdaq 100 futures are moving around the 29,800 level.

S&P 500 futures are recording the 7,700 level, and the small-cap-focused Russell 2000 futures are showing slight movement around the 2,800 level.

The yield on the 10-year U.S. Treasury note remained flat around 4.98%.

Expected volatility in the bond market also declined as a wait-and-see stance continued ahead of the FOMC.

The 10-year U.S. Treasury futures are recording 4.997%.

In the commodity futures market, crude oil futures traded at the 100 dollar per barrel level.

Corn futures are moving around the 450 cents per bushel level.

However, with the U.S. corn harvest 60% complete, supply pressures during the harvesting season pushed December delivery prices down to their lowest level since July.

Lastly, here is the performance of major U.S. stock futures by company.

Microsoft and Alphabet are scheduled to release their earnings tomorrow early morning, Korean time.

The market is focusing on the growth of cloud businesses and improvements in profitability driven by increased AI investments.

Microsoft futures and Alphabet futures are showing mixed movements in flat territory.

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