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Wed, November 12, 2025 astatine 8:35 AM CST 2 min read
US stocks roseate connected Wednesday, with the Dow eyeing a caller grounds arsenic upbeat net boosted AI optimism and chances grew that the record-long US shutdown volition extremity soon.
The Dow Jones Industrial Average (^DJI) moved up 0.6%, coming disconnected the blue-chip benchmark's record-high adjacent connected Tuesday successful a divided league for stocks. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) added astir 0.2%.
DJI - Free Realtime Quote USD
48,340.55
+412.59
+(0.86%)
As of 9:50:32 AM EST. Market Open.
^DJI ^IXIC ^GSPC
Tech-linked gauges are perking up aft AMD's (AMD) CEO laid retired lofty income outlooks owed to its AI push. AMD jumped astir 8% successful aboriginal trading. Earnings brought much AI bullishness, arsenic Nvidia (NVDA) spouse Foxconn (2317.TW, HNHPF) forecast a sustained data-center boom, echoing German chipmaker Infineon (IFX.DE). Nvidia moved up astir 1% arsenic spot stocks staged a comeback.
Adding to the affirmative tone, hopes are rising for a cardinal House ballot that could extremity the longest authorities shutdown successful US past arsenic soon arsenic today. The last ballot is penciled successful for astir 7 p.m. ET, and transition could get President Trump's signature quickly, fixed helium has backed the measure.
A reopening could unfastened the floodgates for the economical information delayed by the stoppage, with releases specified arsenic September's jobs study perchance arriving arsenic soon arsenic adjacent week. Wall Street is bare for authoritative penetration into the system aft weeks of relying connected backstage information to cipher the Federal Reserve's adjacent determination connected involvement rates.
Wednesday sees respective Fed officials speak, including Trump's newest appointee, Stephen Miran. Christopher Waller, reportedly successful contention to beryllium named the cardinal bank's adjacent chair, is besides connected the lineup. The absorption is connected clues to the Fed's argumentation determination astatine its December meeting, with astir bets inactive connected a quarter-point complaint cut.
Earnings play continues astatine a slower pace, with astir S&P 500 institution reports already in. Cisco (CSCO) results are Wednesday's highlight, owed aft marketplace close. Before the bell, crypto institution Circle (CRCL) posted a quarterly nett bushed amid stablecoin growth, but its shares fell.
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Stocks ascent astatine the open
US stocks roseate astatine the marketplace unfastened Wednesday.
DJI - Free Realtime Quote USD
48,340.55
+412.59
+(0.86%)
As of 9:50:32 AM EST. Market Open.
^DJI ^IXIC ^GSPC
The Dow Jones Industrial Average (^DJI) added 0.4%, putting it connected way to notch a caller precocious aft the blue-chip benchmark's grounds adjacent connected Tuesday.
The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) roseate astir 0.2%, arsenic AI stocks recovered immoderate of Tuesday's losses.
The wide gains travel aft a divided league for stocks yesterday.
Oil falls arsenic OPEC leaves forecast unchanged, IEA nary longer predicts highest lipid by 2050
Oil prices fell connected Wednesday arsenic the Organization of Petroleum Exporting Countries (OPEC) near its planetary lipid request forecast unchanged from October successful its monthly study and the International Energy Agency (IEA) said it nary longer expects lipid and state request to highest by 2030, alternatively rising done 2050.
The cartel continues to spot lipid request expanding by 1.3 cardinal barrels per time successful 2025 and by 1.38 cardinal barrels per time successful 2026.
Futures connected West Texas Intermediate crude (CL=F), the US benchmark, fell 1.3% to commercialized astir $60 a barrel, portion Brent crude (BZ=F), the planetary benchmark, traded astatine $64.
In a study connected Wednesday, the IEA said that planetary lipid and state request is apt to proceed to turn done 2050. The bureau sees lipid request rising to 105 cardinal b/d successful 2035 and 113 cardinal b/d successful 2050 nether its "Current Policies Scenario," which models existent regulations.
Global lipid request was 100 cardinal b/d successful 2024, according to the report.
Previously, the IEA modeled for lipid and state request to highest by 2035; however, slower adoption of greenish vigor technologies and expanding usage successful emerging markets, the aviation and shipping sectors, and petrochemical feedstock drove the IEA to alteration its satellite vigor request outlook.
The IEA is presently modeling a glut of much than 4 cardinal b/d successful 2026 arsenic the OPEC+ cartel has spent the past six months expanding production. However, sanctions against Rosneft and Lukoil, Russia's largest lipid producers, by the US Treasury Department person analyzable those views, perchance tightening proviso if barrels are taken disconnected the market.
At the bloc's November meeting, the OPEC+ subordinate countries agreed to erstwhile again rise monthly accumulation by 137,000 b/d successful December, but the cartel said it volition intermission connected immoderate complaint changes done the archetypal 4th of the twelvemonth successful a awesome the marketplace work arsenic a cautious work connected oversupply.
The study comes arsenic large nations conscionable successful Brazil for the COP30 clime alteration summit.
Good morning. Here's what's happening today.
Economic data: MBA owe applications (week ended Nov. 7)
Earnings calendar: Cisco Systems (CSCO), TransDigm (TDG), Manulife (MFC), Flutter Entertainment (FLUT), Tencent Music Entertainment (TME), ORIX Corporation (IX), Circle (CRCL), GlobalFoundries (GFS), Pan American Silver Corp (PAAS), Ascendis Pharma (ASND), On Holding (ONON), Firefly Aerospace (FLY), McGraw Hill (MH)
Here are immoderate of the biggest stories you whitethorn person missed overnight and aboriginal this morning:
How the AI craze means investors are missing out
House lawmakers instrumentality to effort to reopen authorities by this evening
House eyes stock-trading prohibition erstwhile authorities reopens
AMD banal rises arsenic investors cheer maturation targets
Circle quarterly gross rises connected stablecoin growth
Goldman spot US stocks lagging each peers adjacent decade
Foxconn teases OpenAI move, gives bullish AI request outlook
China accuses US of orchestrating $13 cardinal bitcoin hack
SoftBank slides arsenic Nvidia merchantability highlights AI backing needs
Circle falls aft quarterly nett beats estimates connected stablecoin growth
Circle (CRCL) banal fell 3% earlier the doorbell connected Wednesday contempt beating Wall Street estimates for its 3rd 4th profit, connected the backmost of higher reserve income for its USDC arsenic stablecoin circulation rose.
NYSE - Nasdaq Real Time Price USD
As of 9:50:32 AM EST. Market Open.
Reuters reports:
Read much here.
Premarket trending tickers: Bill, Micron, and Lyft
Bill Holdings (BILL) banal jumped 12% successful premarket trading connected Wednesday amid reports that the outgo steadfast is exploring a imaginable sale.
Micron (MU) banal roseate 2% earlier the doorbell connected Wednesday amid the emergence successful AMD shares, which jumped pursuing CEO Lisa Su's code and outlook connected Tuesday.
Lyft (LYFT) rose 2% premarket aft analysts raised terms targets for the company's stock.
Nvidia supplier Foxconn bullish connected AI demand, teases OpenAI announcement
Foxconn (2317.TW, HNHPF) Taiwan's shares roseate 1% connected Wednesday aft the world's largest declaration electronics shaper offered a bullish outlook connected AI-related demand, saying it would beryllium a big operator of 2026 growth, and teased an announcement adjacent week with OpenAI (OPAI.PVT).
Reuters reports:
Read much here.
IBM debuts caller quantum spot
IBM (IBM) unveiled a caller quantum computing spot Wednesday that's slated for merchandise by the extremity of 2026, which would assistance the institution execute a cardinal milemark toward making quantum computers useful.
The alleged IBM Quantum Nighthawk chip, utilized alongside the tech firm's quantum software, is acceptable to assistance the institution execute "quantum advantage" by the extremity of adjacent year.
That vantage refers to a milestone astatine which quantum computing " gives you a amended result than immoderate different imaginable mode that humans person travel up with doing it connected a classical computer," IBM's vice president of quantum adoption Scott Crowder explained successful an interrogation with Yahoo Finance.
IBM said it's already moving with customers from Boeing (BA) and Lockheed Martin (LMT) to Vanguard to usage its quantum computers. The institution is moving to merchandise the world's archetypal large-scale, fault-tolerant quantum machine called Starling successful 2029.
Quantum stocks person exploded implicit the past twelvemonth arsenic tech giants specified arsenic Google (GOOG) and Nvidia (NVDA) arsenic good arsenic pure-play quantum tech providers similar Rigetti (RGTI) and IonQ (IONQ) person introduced caller chips and software.
IBM intends to support its enactment successful the space, however.
"By immoderate meaningful metric whatsoever, from an adoption constituent of view, we're mode successful the lead," said Crowder. " Frankly, astir of our different competitors — if you truly excavation in, there's immoderate similar monolithic gaps connected their roadmaps."
The banal is up astir 43% for the year.
AMD CEO forecasts 60% leap successful information halfway gross arsenic marketplace hits $1 trillion
Advanced Micro Devices (AMD) shares roseate implicit 5% successful premarket aft CEO Lisa Su laid retired lofty forecasts astatine the chipmaker's expert day.
Yahoo Finance's Daniel Howley reports:
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As of 9:50:32 AM EST. Market Open.
Read much here.
Japan's concern curate issues informing arsenic yen falls toward captious level
Bloomberg reports:
Japanese Finance Minister Satsuki Katayama issued a caller informing connected currency movements arsenic the yen (JPY=X) weakened toward the cardinal threshold of 155 per dollar, inching person to levels wherever authorities past intervened successful markets.
“We’re seeing one-sided, accelerated currency moves of late,” Katayama said successful effect to questions successful parliament Wednesday, adding that it can’t beryllium denied that the antagonistic aspects of the anemic yen are becoming clearer. “The authorities is watching for immoderate excessive and disorderly moves with a precocious consciousness of urgency.” ...
Katayama’s comments came arsenic nervousness is gathering successful the markets implicit the yen’s gradual determination toward levels wherever interventions occurred successful the past.
While astir spot that arsenic inactive immoderate region away, further weakness successful the country’s currency could trigger further speculation, putting much unit connected Katayama to astatine slightest intervene verbally much frequently, earlier taking existent action.
The past clip Japan intervened successful the overseas speech markets was successful July past year, erstwhile the yen was trading astir 160 to the dollar.
Read much here.
Gold halts three-day streak of gains arsenic traders measure imaginable extremity to authorities shutdown
Bloomberg reports:
Read much here.
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