Stock Market

The investment has been extremely lucrative in recent years, but many investors shouldn’t make an effort to buy shares of the chipmaker. Nvidia (NVDA 3.18%) has been one the biggest success stories in the stock market. After having spent the first 20 years of its existence as a publicly traded company producing solid but not

Key Points Historically, the S&P 500 has dropped by an average 18% at some point during midterm election years. Stocks usually rebound quickly after the elections, returning an average of 14% during the next six months. Wall Street’s consensus estimate puts the S&P 500 at 8,146 by February 2027, implying 17% upside from its current

Key Takeaways US stock market trading at 5% discount to the composite of our valuations Growth stocks at a discount following fair value increases Small-cap stocks remain especially attractive Greatest fair value increases occurred in commodity-oriented, late-cycle technology stocks As of Jan. 29, 2026, the US equity market was trading at a 5% discount to

The S&P 500 tends to fall sharply during midterm election years. The S&P 500 (^GSPC 0.99%) has posted triple-digit gains in three consecutive years, a feat the benchmark index has accomplished only five times before. Wall Street expects the S&P 500 to extend its winning streak in 2026, but the index faces a headwind encountered

Software stocks are taking it on the chin again on Wednesday. The iShares Expanded Tech-Software Sector ETF was down another 3% as the software sector faced selling pressure for a second straight session. The decline comes after a particularly brutal sell-off on Tuesday as investors panicked about Anthropic’s new AI tool, which can perform a range

Nvidia’s and Palantir’s biggest cheerleaders are sending all the wrong signals to investors. Putting aside the short-lived periods of hype associated with precious metals and cryptocurrencies, no trend has more consistently captured the attention and capital of investors over the last three years than artificial intelligence (AI). AI looks to be the biggest technological advancement

At the New York Stock Exchange, January 21, 2026. BRENDAN MCDERMID/REUTERS The scenario feels like a bad remake. On January 17, Donald Trump threatened eight European countries, including France, with an additional 10% tariff if they refused to give him what he wanted: Greenland, a semi-autonomous territory of Denmark. On Wednesday, January 21, the same

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters

CEO Alex Chriss is stepping down. Shares of PayPal (PYPL 20.31%) plunged on Tuesday after the payment processor warned that its profits could fall in 2026. By the close of trading, PayPal’s stock price was down more than 20%. Image source: PayPal. Lackluster growth PayPal’s revenue rose 4% year over year $8.7 billion in the

Bloomberg (Bloomberg) — Veradermics Inc., a biopharmaceutical firm focused on hair restoration, raised $256.3 million in an upsized US initial public offering priced above the top of its marketed range. The Longitude Capital-backed company sold about 15 million shares at $17 each, according to a statement Tuesday. The New Haven, Connecticut-based firm had marketed 13.35

Nvidia’s upcoming earnings report could be the biggest stock market event of 2026 so far. Nvidia (NVDA 2.82%) supplies the world’s best graphics processing units (GPUs) for data centers, which are the primary chips used in artificial intelligence (AI) development. The company is gearing up to launch a new chip architecture this year that will

These are solid bargains even in the tech space. Even within the hot technology space, there are still stocks trading at attractive valuations. This includes a few top artificial intelligence (AI) stocks. Let’s look at three ready for a bull run. Nvidia While Nvidia (NVDA 2.82%) isn’t often mentioned when talking about bargain stocks, a

We believe we’re entering a new era of dispersion in the performance of financial assets. Behind buoyant index averages are sharply bifurcated cohorts of winners and losers. Equities are flying high but remain mostly propelled by a handful of AI superstars. Credit appears healthy in aggregate, but there’s a notable tail of unloved names. Economic

Sandisk has been one of the market’s biggest winners over the past year. Sandisk (SNDK 0.28%) was one of the market’s hottest stocks over the past year, and its incredible run became even more impressive after the stock surged following its fourth-quarter earnings report. The semiconductor stock is already up more than 166% in 2026

就量子準備度指數，助理總裁（銀行監理）朱立翹指量子電腦算力強大，可提高銀行機器學習能力，但同時也有潛力可用於破解當今最常用於數據保護和網絡身份驗證的加密方法，市場估計還需5至10年，銀行過渡至後量子密碼學（PQC）抵禦破解新算法。 指數就銀行在認知、規劃、試行和實務四方面作出評分，副總裁阮國恒指現時銀行有探索高性能運算（HPC）應用，但未有後量子加密學的試行安排，由探索、試行到實行需數年時間。當局會定期測量指數，評估銀行在各階段準備執行情况，提供相關的支援和培訓，並由業界分享相關經驗。 金管局其他重點措施，包括推行全新風險數據策略，建立更先進的數據生態系統，分享風險數據治理的良好做法，以及推動尖端數據技術的發展。當將啟動一項為期數年的監管匯報架構優化措施，逐步擴展細緻數據匯報的範圍，並發展未來數據隨選即報的可能性。 金管局將制定一套標準化、由業界主導的金融科技網絡安全基準，協助金融科技公司將網絡安全要求納入其端到端的創新流程，着重於特定先進金融科技的應用，例如代理型人工智能及DLT智能合約服務。 此外，金管局將與業界合作，提供實務指引，提升銀行內一般金融科技使用者的能力，加強現有的資歷發展支援機制。 其他報道 西九瑞銀中心第四季啟用 瑞銀：擴大灣區客戶版圖 本港食肆第四季收益升0.9% 全年收益微升0.2% 中餐再跌2.9% Keeta推新春優惠 「大大啖」套餐低至6折 消費滿額可搶The Big Bounce門票 新濠伙伴數據顯示 斯里蘭卡業務去年第四季首扭虧 港去年12月零售銷貨值按年升6.6% 遜預期 全年升1% 日前傳因涉貪遭停職 新地：執董馮秀炎因健康理由呈辭 恒指收市升59點 增值稅恐慌拖累科技股 快手瀉逾6% 春運需求勁 航空股亮眼 財經花生丨李嘉誠天寒地凍仍打邊爐 「病危」消息不攻自破 內地市民投訴足金吊墜被驗出含鐵銀鈀 周生生：積極開展相關工作 澳門旅遊局料農曆年假訪澳旅客達140萬人次 工銀亞洲與警方合作推廣防騙知識 多相︱荃灣「死場」沉寂八年重開 首批商戶曝光 3樓設空中花園 滬深三大指數午後繼續走高 滬指升1.3% 深證成指飈逾2% 鄭志剛上載與摩納哥親王阿爾貝二世合照 稱雙方就領導力、文化等進行交流 新地據報尋求50億元貸款 目標3月底前完成交易 宏福苑五級火丨保監局：已處理85%保險理賠個案 涉近5.1億元 阿里千問App獨家冠名內地「四大衛視」春晚 觀眾可實時搶紅包 GoGoX 推出「15秒接單承諾」應對新春及情人節物流高峰期 【有片：埋身擊】澳洲央行意外加息　澳元紐元反覆向上 日清食品控股股東去年首三季中國業務經營溢利增99.8% 新世界上海K11 ELYSEA寫字樓預計今年下半年入伙 預租率逾50%

It’s more important than ever to ensure you’re investing in the right places. A whopping 80% of Americans are worried to some degree about a potential recession, according to a 2025 survey from financial association MDRT. While nobody can predict the future, downturns are a natural part of the market cycle. It’s uncertain when the

房地產方面，姜靜指出，本港樓市已於去年見底回升，政府數據顯示樓價去年上升約 3.3%。她預期今年樓價可再升約5%，租金升幅約4.5%。 她解釋，樓市回暖主要受樓價負擔能力改善、「買租差距」收窄、政策放寬及人才計劃推動需求等因素支持。不過，成交量回升幅度仍遠低於過往樓市調整後的反彈水平，反映買家情緒改善但仍偏審慎，加上按揭利率下行空間有限，令樓價升幅受制。 至於商業房地產，她對核心區甲級寫字樓相對看好，指出自去年下半年起需求已有回升跡象，空置率開始回落，租金及價格有望趨於穩定，惟相關復蘇未必擴散至零售鋪位等其他商業物業，後者價格仍可能面對下行壓力。 姜靜稱，香港經濟與美國相似，資產較多及受惠於人工智能（AI ）浪潮的家庭與高收入人士，將在資產價格回升中獲得較多好處，而部分行業及中低收入群體仍面對壓力。不過，她認為這種分化屬短期現象，隨着就業市場逐步改善，失業率有望在約3.8%見頂後回落，尤其當零售進一步改善。 另外，姜靜指出，去年本港外貿表現強勁，全年出口增長約15%，惟今年在高基數及全球經濟增長略為放慢的背景下，出口增速料回落至高單位數水平，約8%。她強調，這反映的是增速正常化，而非外貿前景轉差，整體展望仍然偏向審慎樂觀。 其他報道 西九瑞銀中心第四季啟用 瑞銀：擴大灣區客戶版圖 本港食肆第四季收益升0.9% 全年收益微升0.2% 中餐再跌2.9% Keeta推新春優惠 「大大啖」套餐低至6折 消費滿額可搶The Big Bounce門票 新濠伙伴數據顯示 斯里蘭卡業務去年第四季首扭虧 港去年12月零售銷貨值按年升6.6% 遜預期 全年升1% 日前傳因涉貪遭停職 新地：執董馮秀炎因健康理由呈辭 恒指收市升59點 增值稅恐慌拖累科技股 快手瀉逾6% 春運需求勁 航空股亮眼 財經花生丨李嘉誠天寒地凍仍打邊爐 「病危」消息不攻自破 內地市民投訴足金吊墜被驗出含鐵銀鈀 周生生：積極開展相關工作 澳門旅遊局料農曆年假訪澳旅客達140萬人次 工銀亞洲與警方合作推廣防騙知識 多相︱荃灣「死場」沉寂八年重開 首批商戶曝光 3樓設空中花園 滬深三大指數午後繼續走高 滬指升1.3% 深證成指飈逾2% 鄭志剛上載與摩納哥親王阿爾貝二世合照 稱雙方就領導力、文化等進行交流 新地據報尋求50億元貸款 目標3月底前完成交易 宏福苑五級火丨保監局：已處理85%保險理賠個案 涉近5.1億元 阿里千問App獨家冠名內地「四大衛視」春晚 觀眾可實時搶紅包 GoGoX 推出「15秒接單承諾」應對新春及情人節物流高峰期 【有片：埋身擊】澳洲央行意外加息　澳元紐元反覆向上 日清食品控股股東去年首三季中國業務經營溢利增99.8% 新世界上海K11

期內電器類別升幅最顯著，較2024年同期升58.9%，謝邱安儀稱主要因新型號電子產品推出，加上2024年12月基數偏低，以及年底通常爲送禮旺季；酒類飲品及煙草錄得近兩成升幅，主要受惠於節慶效應；珠寶首飾、鐘錶及名貴禮物升14.3%，主要受金價上升影響。此外，汽車及汽車零件在去年12月有8.9%升幅，主要由於部分汽車品牌加大促銷推廣力度。 她指出，在在19個零售類別中，7個類別在過去兩年間表現相對正向，表現最好的類別是酒類飲品及煙草、藥物及化妝品以及其他未分類消費品；表現較好的有眼鏡店、珠寶首飾、鐘錶及名貴禮物、電器等，其中藥物及化妝品、珠寶首飾相信主要受惠於旅客訪港以及盛事經濟帶動；而家具及固定裝置、汽車及汽車零件、燃料、 麵包、糕餅、糖果及餅乾仍面臨逆風，主要受到北上以及外遊影響，今年上半年表現將很大程度取決於轉型的成效。 協會又針對今年1月零售業表現訪問了約3900間店鋪及7.8萬名員工，結果顯示，多於六成受訪會員料今年1月生意錄得跌幅，主要由於2026年農曆新年落在2月，而2025年農曆新年則在1月，主要受農曆新年月份錯配、去年1月有較高基數影響。不過謝邱安儀表示，受訪會員普遍認爲零售氣氛有改善。對比兩個農曆新年，多於九成受訪會員料今年生意有持平或按年升幅。 對於盛事經濟推動下去年全年零售銷售貨值僅有1%輕微升幅，謝邱安儀表示，能獲盛事經濟帶動的行業僅屬少部分，相信仍需要更多時間展現成效；期望政府繼續刺激市民留在本港消費，推動高消費過夜旅客來港、以及向業界提供資助。 其他報道 中央一號文件：促AI與農業發展相結合 拓無人機、機器人等應用場景 華僑銀行：今年香港GDP增長將放緩至2.6% 金管局公布金融科技推廣藍圖 衡量防禦後量子加密準備程度 西九瑞銀中心第四季啟用 瑞銀：擴大灣區客戶版圖 本港食肆第四季收益升0.9% 全年收益微升0.2% 中餐再跌2.9% Keeta推新春優惠 「大大啖」套餐低至6折 消費滿額可搶The Big Bounce門票 新濠伙伴數據顯示 斯里蘭卡業務去年第四季首扭虧 港去年12月零售銷貨值按年升6.6% 遜預期 全年升1% 日前傳因涉貪遭停職 新地：執董馮秀炎因健康理由呈辭 恒指收市升59點 增值稅恐慌拖累科技股 快手瀉逾6% 春運需求勁 航空股亮眼 財經花生丨李嘉誠天寒地凍仍打邊爐 「病危」消息不攻自破 內地市民投訴足金吊墜被驗出含鐵銀鈀 周生生：積極開展相關工作 澳門旅遊局料農曆年假訪澳旅客達140萬人次 工銀亞洲與警方合作推廣防騙知識 多相︱荃灣「死場」沉寂八年重開 首批商戶曝光 3樓設空中花園 滬深三大指數午後繼續走高 滬指升1.3% 深證成指飈逾2% 鄭志剛上載與摩納哥親王阿爾貝二世合照 稱雙方就領導力、文化等進行交流 新地據報尋求50億元貸款 目標3月底前完成交易 宏福苑五級火丨保監局：已處理85%保險理賠個案 涉近5.1億元 阿里千問App獨家冠名內地「四大衛視」春晚 觀眾可實時搶紅包 GoGoX 推出「15秒接單承諾」應對新春及情人節物流高峰期

Microsoft stock had a bad day on Thursday, but analysts remain bullish. Microsoft (MSFT 1.52%) stock was in free fall on Thursday, dropping more than 12% despite posting earnings Wednesday afternoon that appeared to be strong on the top and bottom lines. The revenue and earnings numbers beat estimates in blowout fashion. The technology giant