Microsoft and Amazon are set to report earnings, but investors will be scrutinizing capital expenditure guidance after the market's muted reaction to Alphabet's results established AI spending as the central concern for Big Tech.
Saudi Arabia's Tadawul All Share Index (TASI) closed down 0.85% on Tuesday, hitting its lowest point in three months as weakness in industrial and real estate stocks and falling oil prices weighed on investor sentiment.
Strategists at HSBC told clients that a key sell signal in their sentiment framework has disappeared, reinforcing the bank's maximum overweight position on equities after a period of market volatility.
The payments giant plans to reduce its workforce by 7% to reinvest in key priorities like B2B solutions and stablecoin infrastructure, reflecting a broader efficiency trend in the fintech sector.
S&P Global reported a 23% increase in second-quarter adjusted earnings, driven by its Ratings and Market Intelligence divisions, and announced deals to acquire datacenterHawk and a majority stake in Agusto & Co.
UBS launched coverage on several U.S. medical technology firms, issuing Buy ratings for Intuitive Surgical and Enovis on strong growth prospects, while assigning a Sell rating to Inspire Medical due to competitive and reimbursement challenges.
According to Franklin Templeton, the current AI-driven market rally is supported by profitable companies with high barriers to entry, distinguishing it from the speculative internet boom of the late 1990s.
Morgan Stanley has designated Spirax its top pick in the UK industrials sector with an "overweight" rating, citing improving organic growth, potential for margin recovery, and the strength of its Watson-Marlow business.
Apple has launched a new device leasing program in the U.S. called 'Apple Upgrade,' partnering with payments firm Klarna to offer monthly plans for its flagship hardware products.
