The S&P 500 and the Nasdaq opened lower on Wall Street today as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less hawkish than expected signals on 2026 rate cuts.
The Dow Jones rose 103 points (0.21%) to trade at 48,807, while the S&P 500 lost 11 points (0.16%) to stand at 6,890 and the Nasdaq Composite lost 105 points (0.43%) to reach 23,491.
Most European stocks continued to rise this afternoon and were on track for a third weekly gain as the Fed's recent rate cut supported sentiment. The Paris CAC had gained 50 points (0.6%) to stand at 8,135 by 2.40pm, while the Frankfurt DAX was up 83 points (0.3%) to trade at 24,380 but the London FTSE index dipped seven points (0.07%) to hit 9,696.
Dublin's ISEQ index was also higher this afternoon, adding 16 points (0.1%) to reach 12,936. Shares in Ryanair rose 2% to trade at €29.67, while Irish Continental Group gained 1.6% to stand at €6.30. Shares in Glenveagh Properties were up 0.6% to reach €1.90 and Origin Enterprises advanced 0.5% to hit €4.02.
Earlier in Asian trade, Tokyo's Nikkei index gained 688 points (1.37%) to close at 50,836 to notch a third weekly advance in a row, riding on Wall Street optimism between two pivotal central bank meetings - the US Federal Reserve's meeting earlier this week and the Bank of Japan's meeting next week. Hong Kong's Hang Seng index climbed 446 points (1.7%) higher to finish at 25,977 after China released comments from its annual economic conference reaffirming support for growth - as expected.
