Equities: AI Rally, Strong Earnings and a Narrow Market
Indices ended mixed to higher into the midterms, with AI/neocloud names rallying and strong earnings from Astera and Amgen, though Goldman flags weak breadth.
What we know
S&P +0.38%, Nasdaq +0.87% while the Dow fell 0.42%. Astera Labs beat with strong guidance. Goldman data shows 60% of S&P stocks in a bear market, and Kobeissi shows rotation into Treasuries. Sikand ties the AI rally to Abbott's odds in Texas.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.