CNBC Daily Open: Wall Street set for a winning week
U.S. stocks are poised for a positive week despite recent volatility in trading. The Dow Jones reached a record high, while Asia-Pacific markets are also seeing gains amid diplomatic efforts between the U.S. and Iran. Meanwhile, President Trump postponed a signing ceremony for an executive order on artificial intelligence, and travel stocks are under scrutiny due to ongoing jet fuel supply chain issues.
- ▪Futures indicate gains across Wall Street, pushing the S&P 500 into positive territory for the week.
- ▪The Dow Jones rose over 270 points to close at a record high on Thursday.
- ▪President Trump postponed an executive order signing on artificial intelligence due to dissatisfaction with certain aspects.
- ▪Luxury brand Richemont reported strong sales and announced a new buyback program as earnings season nears its end.
- ▪China's major airlines are facing challenges due to fuel price volatility and lack of hedging strategies.
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It looks set to be a winning week for U.S. stocks, despite a volatile bout of trading over the last few days amid broader bond market jitters.Futures point to gains across Wall Street, which would push the S&P 500 into the green for the week, while the Dow Jones rose more than 270 points to close at a record high on Thursday.Asia-Pacific markets are also trading higher as investors assess diplomatic efforts to reach a peace deal between the U.S. and Iran. However, oil prices are also elevated on a Reuters report suggesting Iran wants to keep enriched uranium within the country.Meanwhile, President Donald Trump on Thursday said he postponed an upcoming signing ceremony for his administration's much-anticipated executive order on the artificial intelligence industry.The event, which was set…
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