Overview
- U.S. benchmarks closed at records Monday, with the Nasdaq up 0.70%, the S&P 500 up 0.44%, and the Dow up 0.14%.
- Nvidia said it will invest $100 billion to build data centers for OpenAI, lifting its shares 3.93% and energizing mega-cap tech.
- Oracle rose 6.29% after the White House said it will host and manage TikTok’s U.S. data and a copy of its algorithm under the app’s new U.S. setup.
- Pfizer agreed to buy obesity-drug developer Metsera for $4.9 billion, sending Metsera up 60.8% on the day.
- The CAC 40, down 0.30% Monday, advanced 0.91% to 7,901.56 on Tuesday morning as eurozone PMI rose to 51.2 while France’s reading contracted at 48.4, with markets focused on Powell’s speech today.