#S&P 500

GCC markets Image: Getty Images - ipo

Most GCC markets extend gains as US recession fear fades

Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”

stock markets

‘Black Monday’ stock rout continues on US markets: S&P 500, Nasdaq crash 3%

All three major indexes registered their biggest three-day percentage declines since June 2022

Japan Nikkei stumbles

Asian stocks trampled as Nikkei crashes 13%

The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis

US Fed

US Fed says rate cuts could come ‘soon’

US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September

nvidia-jensen-huang

Nvidia announces 10-for-1 stock split after post-earnings $200bn rally

Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year

israel crisis puts investors on edge

Israel crisis: Global investors on edge

Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries