Bank of America strategists believe that making "easy money" from the AI-spending trade will become increasingly difficult. They suggest a pivot away from AI-linked capital expenditures and towards consumer-driven spending, as the market has already priced in the shift to AI capex and white-collar job losses are impacting discretionary consumption. Fund managers' current positioning shows a near-r

The Houthis say missiles and drones targeted Saudi airports, an oil facility and military sites, raising regional security risks.

Long-term US yields rose as inflation expectations increased, with ISM data showing slower services activity and sharply higher input prices.

Cantor Fitzgerald has reiterated its Overweight rating and a USD 742 price target for Sterling Infrastructure (STRL), citing strong demand exceeding capacity, despite labor constraints and e-infrastructure margin pressure. The target represents a significant premium over the current Nasdaq price. Sterling Infrastructure reported strong Q2 2026 revenues of USD 1.17 billion, up 90.40%, with EPS beat

A wide gap between Nasdaq and Dow performance raises the prospect of a sharp market move in either direction.

US stocks hit records while the dollar firmed and Treasury yields climbed; markets assessed BoJ policy and stronger services activity.

The yen declines against the dollar as the broad yield difference continues to support the US currency.

Ferguson Wellman Capital Management Inc. increased its stake in Wells Fargo & Company by 16,821 shares in the third quarter, bringing its total holdings to 991,358 shares valued at $79.4 million. Institutional investors now own 75.9% of WFC shares, and the company maintains a "Moderate Buy" consensus rating with an average price target of $99.86. Wells Fargo also reported strong quarterly earnings

France’s budget crisis is widening eurozone bond risks, while reduced ECB hike expectations weigh on EUR against USD.

Western Digital Corp (WDC) shares opened up by 5.97% on October 5th, driven by a broader rebound in the AI storage and semiconductor sectors. The company's stock recovery was fueled by institutional buying after a multi-day pullback, positive sentiment from Wall Street upgrades for memory peers, and strong fundamental positioning with fully committed hard drive capacity under long-term agreements.

Keefe, Bruyette & Woods has reduced its price target for KB Home (NYSE:KBH) to $54 from $65, maintaining a Market Perform rating due to weaker demand and lower 2027-2028 estimates. The revision follows the company's third-quarter earnings, reflecting anticipated lower deliveries, a decreased average sales price, and a reduction in gross margin. Despite the stock trading near its 52-week low and In

BBH expects the Brazilian real and local assets to open higher after Flávio Bolsonaro’s stronger-than-expected first-round result.

A stronger dollar and higher yields test bitcoin, while euro concerns stem from fiscal and political uncertainty in France and Spain.