Broadcom stock price target maintained at $400 by Bernstein on AI growth

Bernstein SocGen Group has reiterated an Outperform rating and $400 price target on Broadcom Limited (NASDAQ:AVGO), citing strong compute demand and confidence in the company’s growth trajectory. The target represents significant upside from the current price of $336.41, with InvestingPro data showing 26 analysts have recently revised their earnings estimates upward.

Wall St advances after Fed minutes show division on worries about jobs, inflation

• Indexes up: Dow 0.14%, S&P 500 0.56%, Nasdaq 0.98%
• Dell climbs after multiple price target hikes
• US-listed shares of gold miners jump
• Joby Aviation descends on pricing stock offering

Stock market today: S&P 500 hits another closing record as AMD leads tech rally

The S&P 500 hit fresh closing all-time highs Monday, as Advanced Micro Devices surged following a deal with AI-darling OpenAI, lifting broader tech and overshaddowing an ongoing govenrment shutdown.  

At 4:00 pm. ET (20:0-0 GMT), the benchmark S&P 500 rose 0.4% to a closing record of 6,740.18. The tech-heavy Nasdaq Composite rose 0.9%. to also clinch a all-time closing high of 22,941.67.  Meanwhile, the blue-chip {{169|Dow Jones Industrial Average fell 0.1%.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.14%

 U.S. stocks were mixed after the close on Monday, as gains in the Consumer Goods, Utilities and Technology sectors led shares higher while losses in the Telecoms, Healthcare and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.14%, while the S&P 500 index gained 0.36%, and the NASDAQ Composite index climbed 0.71%

US, European stocks hit record highs as investors shrug off US shutdown impact

• Investors sanguine about impact of US shutdown
• US, European stocks at new all-time high
• Two more Fed cuts expected this year after weak ADP jobs report
• Gold hovers near record highs

 Global stocks gained and gold traded near record highs on Thursday as investors took in their stride the potential ramifications of a U.S. government shutdown, while a weak private U.S. labor market report bolstered bets for Federal Reserve rate cuts.

Investors have been largely sanguine about the shutdown’s impact on the markets and economy, helped by data of past shutdowns that showed limited fallouts. Morgan Stanley, for example, said U.S. share prices have risen an average 4.4% while real U.S. economic growth has expanded 2.2% during shutdowns in the past.

Stocks rise, dollar dips, gold surges as possible US government shutdown looms

Global stocks rose on Monday while the dollar retreated as investors prepared for a possible shutdown of the U.S. government, which could delay publication of the September payrolls report and a raft of other key data due this week.

Gold roared to another high, powered by the dip in the dollar and by investor concerns about the possible ramifications of a U.S. government shutdown.

President Donald Trump will meet with top Democratic and Republican leaders in Congress later on Monday to discuss extending government funding. Without a deal, a shutdown would begin from Wednesday, the same day when new U.S. tariffs go into effect on heavy trucks, patented drugs and other items.

Wall St gains after Fed indicates more rate cuts; Intel soars

• Indexes up: Dow 0.32%, S&P 500 0.56%, Nasdaq 1.03%
• Intel jumps as Nvidia takes $5 bln stake in co
• Small-cap Russell 2000 index up over 2%

Wall Street’s main indexes hit intraday record highs on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.
Intel (INTC.O), jumped 23.1%, set for its biggest daily gain since October 1987 after Nvidia (NVDA.O), said it would invest $5 billion in the struggling U.S. chipmaker. Peer Advanced Micro Devices (AMD.O), slipped 2.3%.

Oil jumps after drones strike Russian terminal

• Ukrainian drones strike Russia’s largest oil terminal
• Prices supported by Chinese buying and war risks
• Brent and WTI benchmarks fell sharply in previous session