Broadcom's shares leapt 4% to ₹1,200.30, according to Bloomberg, after a consortium of banks led by Bank of America, Citi and Morgan Stanley announced $63 billion in financing to acquire technology from Anthropic. The move lifted the Nasdaq 1.2% and buoyed the S&P 500, which gained 0.6%.
Other chipmakers followed suit – AMD and Micron rose between 3% and 5%, while Meta Platforms slipped 1.6% despite a $25 billion share sale that hit 5× the average subscription value. Boeing took the loss side, dropping 11% to an 18‑month low after trimming full‑year aircraft delivery targets.
Oil stayed in the $113–$116 a barrel range, according to Bloomberg, cooling from earlier highs after diplomatic chatter in Iran. Meanwhile, the U.S. 10‑year yield hovered near 5%, and the dollar index edged toward 102.5, a level that has been under pressure for weeks.
Investors are keeping a close eye on the Fed, which is projected to keep rates unchanged with a 94% probability according to CME FedWatch. After‑hours earnings from Alphabet and Microsoft are due tonight, and market sentiment will hinge on the central bank’s tone and the performance of these tech giants.