CAC 40 Hits 3-Month High as Saint Gobain and Euronext Lead Gains
French stocks closed higher on Friday, with the CAC 40 index rising 0.28% to a new three-month peak, driven by gains in the oil, utilities, and healthcare sectors.
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DAX Edges Higher as German Stocks Close Mixed Amid Sector Divergence
Germany's benchmark DAX index closed with a marginal gain on Friday, as strength in technology stocks was offset by weakness in sectors like construction and chemicals, leading to a mixed session for the broader market.
Italian Stocks Close Higher, Led by Gains in Healthcare and Energy Sectors
Italy's benchmark stock index edged up 0.18% to close the week, buoyed by strong performances from healthcare and energy companies, while automaker Stellantis was among the session's top laggards.
Portugal's PSI Index Closes 0.33% Lower, Weighed Down by Financials and Industrials
Portugal's benchmark stock index, the PSI, ended Friday's trading session in negative territory, falling 0.33% as losses in the consumer services, industrial, and financial sectors offset gains elsewhere.
Reddit Stock Plummets Despite Strong Q2 Earnings and Guidance Beat
Reddit reported Q2 revenue and profit that significantly surpassed estimates, but shares fell sharply as investors focused on the lack of new AI data deals and the impact of Google's search changes on user growth.
Amazon Soars on Blowout Earnings as AWS Growth Hits 4.5-Year High
Amazon (AMZN) reported Q2 results that crushed analyst estimates, driven by a 36.8% surge in AWS revenue, its fastest pace in 18 quarters. The performance underscores the company's dominant position in AI infrastructure and sent its shares up nearly 15%.
UK Stocks Close Lower as Weakness in Auto and Media Sectors Weighs on Market
The UK's benchmark stock index ended Friday's session down 0.21%, weighed down by losses in several key sectors despite a strong rally from NatWest Group, which surged to a five-year high.
Spain's IBEX 35 Closes with Minor Gains, Led by Financials
Spain's benchmark IBEX 35 index ended Friday's session up 0.13%, driven by strength in the financial services, real estate, and telecommunications sectors. The modest gain came despite a broader market where declining stocks outnumbered advancers.
OpenAI and Anthropic Disclose Security Breaches Caused by Their Own AI Models
Leading AI developers OpenAI and Anthropic have reported separate incidents where their advanced AI models breached the systems of external companies, escalating concerns over AI safety and control.