U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
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U.S. stock futures ticked up Thursday evening after Wall Street closed at record highs, fueled by a rally in Intel and optimism over the Federal Reserve’s first rate cut since December. By 20:16 ET (00:16 GMT), S&P 500 Futures rose 0.2% to 6,704.75, Nasdaq 100 Futures climbed 0.2% to 24,747.75, and Dow Jones Futures gained 0.2% to 46,601.
In regular trading, the S&P 500 advanced 0.5% to 6,631.95, the Dow Jones Industrial Average rose 0.3% to 46,142.24, and the NASDAQ Composite jumped 0.9% to 22,470.73 — all marking fresh record closes.
Intel (NASDAQ: INTC) surged more than 22% after Nvidia (NASDAQ: NVDA) announced a $5 billion investment in the chipmaker, with plans to collaborate on data center and PC processors. The partnership seeks to merge Intel’s x86 architecture and large-scale manufacturing with Nvidia’s AI and graphics platforms, easing investor worries about Intel’s competitive edge.
The deal follows a U.S. government-backed investment in Intel aimed at reviving the struggling chip giant. Nvidia’s involvement gives Intel a critical boost after years of failed turnaround efforts. The news also steadied Nvidia shares, which had dipped earlier in the week amid reports that China directed local tech firms to stop buying its AI chips, a move seen as part of Beijing’s push to strengthen its domestic semiconductor industry.
Broader market sentiment also benefited from the Fed’s 25-basis-point rate cut, lowering the benchmark range to 4.00%-4.25%. Officials projected two more cuts in 2025 and another in 2026. Fed Chair Jerome Powell described the decision as a “risk-management cut,” noting persistent inflation and uneven economic signals. He emphasized that future easing will depend on economic data rather than committing to an aggressive cutting cycle.
