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Which companies rose the U.S stocks to a record high?

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U.S. stocks rose to another record high as investors digested the latest batch of corporate earnings and data showing the American economy gained steam in the first three months of the year.

Amazon.com climbed after hours on a better-than-estimated revenue forecast, while Twitter sank amid a lacklustre outlook…

In regular trading, Apple wiped out its gains on concern that the iPhone’s growth might slow, after a blockbuster quarter as it faces a tightening supply of chips.

Facebook smashed expectations and surged 7.3 per cent. Alphabet rose 2.1 per cent, Microsoft fell 0.8 per cent.

Shares down under

Australian shares are poised to retreat on the final day of the month, with US investors opting to cash in amid concerns that companies may not continue reporting higher than expected earnings.

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Nvidia’s market dominance is driving Wall Street to new records

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Nvidia’s stellar results propel Wall Street to unprecedented heights.

Nvidia’s latest financial results have become the catalyst for Wall Street’s surge to record highs.

The renowned graphics processing unit (GPU) manufacturer reported exceptional performance, beating market expectations and instilling newfound confidence in investors.

Nvidia’s revenue and earnings exceeded projections, driven by robust demand for its GPUs across various sectors, including gaming, artificial intelligence, and data centres.

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Money

How the Australian market reached its 15-year high

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Australia’s financial landscape is experiencing a historic surge as the market reaches 15-year highs, prompting investors to delve into the key factors driving this remarkable growth.

The Australian economy has demonstrated resilience and adaptability, navigating global challenges to emerge as a standout performer in the post-pandemic era.

A confluence of factors has contributed to the Australian market’s ascent. Strong economic fundamentals, including robust GDP growth and low unemployment rates, have instilled confidence among investors.

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Rate hike fears loom for New Zealand following RBNZ meeting

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As the Reserve Bank of New Zealand (RBNZ) convenes for its latest meeting, speculations are rife regarding the possibility of a rate hike and the potential repercussions for the market.

With the global economic landscape in a state of flux, central banks play a crucial role in shaping monetary policies to navigate uncertainties and spur economic recovery.

Analysts and investors are closely monitoring the RBNZ’s statements and actions, particularly regarding interest rates.

Speculation is mounting that the central bank may consider a rate hike to address concerns related to inflation and to align with global trends.

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