U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Wall Street futures steadied on Tuesday evening as investors awaited a crucial vote on a bill to reopen the U.S. government. Optimism over the government’s potential reopening supported sentiment, while chipmaker AMD (NASDAQ:AMD) rallied after unveiling ambitious long-term growth targets.
S&P 500 Futures held steady at 6,872.50 points by 18:31 ET (23:31 GMT), while Nasdaq 100 Futures inched up 0.1% to 25,653.75 points. Dow Jones Futures were little changed at 48,029.0 points. The broader market saw positive momentum earlier in the day, led by non-technology sectors that tend to benefit from economic stability, even as losses in Nvidia (NASDAQ:NVDA) limited overall gains.
AMD shares surged roughly 4% in after-hours trading following its first analyst day in three years. The semiconductor giant projected annual revenue from its data center chips to surpass $100 billion within five years, driven by explosive demand from the artificial intelligence sector. CEO Lisa Su said the company sees the data center chip market expanding to $1 trillion by 2030. AMD also anticipates 35% annual growth across its business over the next three to five years and a 60% increase in its data center segment, with earnings expected to reach $20 per share during the same period.
Meanwhile, Wall Street’s optimism grew after the Senate approved a bill to end the 42-day U.S. government shutdown—the longest in history. The measure now moves to the House of Representatives, where approval is expected. A government reopening would help restore confidence and enable the release of delayed economic data.
The S&P 500 rose 0.2% to 6,846.82, the Dow climbed 1.2% to 47,927.96, and the NASDAQ Composite dipped 0.3% to 23,468.30 as Nvidia shares dropped 2.9% following SoftBank Group’s (TYO:9984) $5.8 billion divestment of its 32.1 million-share stake to free up capital for new investments.
