📈 Stocks / Finance

Tech Stocks Propel Markets Higher Amid Fed Uncertainty

Yahoo Finance

Tech giants led a market rebound, with Nvidia up 14% over five days. The S&P 500 gained 1%, and Treasury yields steadied at 4.02%. Fed commentary highlighted rate cut uncertainty, while declining oil prices weighed on energy stocks.

Surge in U.S.-Based China ETFs Driven by Stimulus Optimism

Reuters

Investors injected $5.2 billion into U.S.-based China-focused ETFs during China's national holiday week, driven by optimism over Beijing's recent stimulus measures. This influx contrasts with prior outflows and suggests renewed interest, though further reforms are anticipated.

Lucid Group Maintains Neutral Rating Amid Positive Delivery Performance

Investing.com

Baird reaffirmed a Neutral rating for Lucid Group Inc. (LCID) with a $3.00 target, despite surpassing Q3 delivery expectations. The firm’s Gravity SUV launch is seen as a potential growth catalyst, though concerns remain over cash burn and weak margins.

🪙 Crypto

Crypto.com Sues SEC Over Jurisdiction

PYMNTS

Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice, signaling potential enforcement action. The company claims the SEC has overstepped its jurisdiction by treating most crypto assets as securities, excluding Bitcoin and Ethereum, which is disputed.

🌎 Global Economy

Global Economy Faces New Risks Amid Middle East Tensions

CNBC

S&P Global’s vice chairman Daniel Yergin warns of a "dangerous time" for the global economy due to escalating Middle East tensions. Oil prices spiked as fears rise of Israel targeting Iran’s oil industry, potentially disrupting global supply and pushing prices higher.

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