US Stocks Close: Dow Strongly Rebounds 500 Points; Financial and Gold Stocks Lead; SpaceX Rises 5%
TradingKey·- Driven by a strong August Composite PMI that eased economic cooling concerns, US stocks rebounded with all three major indexes rising. - Major corporate developments featured Broadcom discussing $70 billion to $80 billion in debt financing to support AI companies, and Apple cutting over 200 jobs to reallocate resources toward artificial intelligence. - Nvidia also advanced advanced talks to invest hundreds of millions of dollars in data center power developer Cloverleaf Infrastructure to secure AI infrastructure capacity.TSX Keeps Gains by Close
Baystreet·- The TSX closed up 33.86 points at 36,401.79, supported by gains in gold and materials amid advancing Canada - U.S. trade talks and a tariff pause. - Wall Street indices advanced as bond yields fell following the Treasury Department's debt buyback announcement. - Major corporate developments included Moderna soaring over 140% on positive trial results and oil prices hitting a 3 - week high.