Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Trump, Xi Focus on Trade and AI at White House Summit 
US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Add as a preferred source on Google
U.S. stock index futures moved higher late Thursday after strong quarterly results from Amazon and Microsoft renewed investor confidence in artificial intelligence, although gains were capped by a sharp decline in Apple shares following a weaker-than-expected sales outlook.
S&P 500 Futures climbed 0.26% to 7,491.75, Nasdaq 100 Futures advanced 0.7% to 28,440.0, and Dow Jones Futures added 0.2% to 52,506.0 by 20:10 ET (00:10 GMT).
Market sentiment also improved as geopolitical tensions showed signs of easing. Reports suggested Iran and Oman were engaged in talks regarding the Strait of Hormuz, while U.S. President Donald Trump announced a disarmament agreement in Gaza. These developments helped reduce risk aversion, though investors remained cautious after a difficult month for technology stocks.
Amazon emerged as the biggest winner in after-hours trading, with shares jumping 9.4% after the e-commerce giant reported stronger-than-expected second-quarter earnings. Its Amazon Web Services (AWS) division delivered its fastest revenue growth in 18 quarters, reinforcing optimism surrounding the company’s AI strategy. Amazon also highlighted accelerating demand for its artificial intelligence services and custom AI chips, adding to positive momentum created by Microsoft’s strong earnings report earlier in the week.
In contrast, Apple shares dropped more than 6% in extended trading despite solid iPhone sales. Investors focused on weaker sales in China, slower growth in its services business, and a revenue forecast of 9% to 11% for the current quarter, below Wall Street expectations of 12%. Apple also warned that higher memory and component costs, driven by booming AI demand, were creating supply chain pressures.
Earlier Thursday, Wall Street closed sharply higher. The S&P 500 gained 1.7%, the Dow Jones Industrial Average rose 1.2%, and the Nasdaq Composite surged 2.8%. Semiconductor stocks led the rally, with the Philadelphia Semiconductor Index soaring 8.2%, as investors regained confidence in AI-related spending despite Meta Platforms falling 8% after raising its capital expenditure outlook.
Even with Thursday’s rebound, major U.S. indexes remained on track for monthly losses. The S&P 500 was set to decline 0.8% in July, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was headed for a steeper 4.2% monthly drop after a broad selloff in technology and chipmaking stocks.
