Between AI optimism and the reality of valuation, the stock market remains in a state of flux. Investors are still searching for their North Star. The interplay of optimism and disappointment creates a constant tug-of-war between risk appetite and caution. Yesterday’s price rise should not be mistaken for the recent unrest in France, combined with continued high oil prices and Middle East risks. The US reporting season has so far failed to deliver the hoped-for kick-off for a possible golden bear market.
Dow Jones Industrial Average Index
Weekly first-time applications for U.S. unemployment benefits below expectations – Retail managers in focus on Friday
This afternoon, weekly initial claims for U.S. unemployment benefits (14:30) awaited investors. Last week, these stood at 194,000 units, below expectations (200,000), following 200,000 applications the week before.
On Friday, the purchasing managers (S&P Global) in the USA will focus on the manufacturing sector, the service sector as well as „the overall economy“.
SpaceX stock: Quarterly figures provide a boost
The recent quarterly results from SpaceX (ISIN: US84615Q1031) provided a boost to the AI sector; they were better than expected. Revenue climbed by 161 percent compared to the same quarter last year, reaching $14.6 billion. A loss was reported in the previous quarter. This time, the bottom line showed a profit of $4.4 billion.
SpaceX stock on a weekly basis
