business / news / / The Economic Times
US stock market surging big today.
The Dow Jones surged 538 points, crossing 49,400 for the first time in history.
KEY POINTS
- Qualcomm entered the custom silicon market for data centers, shipping to a leading hyperscaler.
- Caterpillar shares soared 9% after strong earnings on robust infrastructure and mining demand.
- Nasdaq gained 14% in April, its best monthly performance since April 2020.
- A sharp oil price reversal from $126 to $105 eased market fears of inflation and stagflation.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →