Wall Street closed mixed Wednesday as tech stocks extended gains on the back of lifted AI chip export restrictions. Nvidia, AMD, and Super Micro soared on news of major Saudi deals, while eToro made its Nasdaq debut and Boeing sealed a historic jet order with Qatar Airways. Meanwhile, US housing data remained solid, supporting broader economic optimism.
In London, Burberry led the FTSE with a 17% rally following a bold restructuring plan, while Imperial Brands fell and Spirax slid on cautious guidance. We also look ahead to Thursday’s global economic data, including UK GDP, US retail sales, and eurozone employment.
CityCast Late wraps the day’s financial headlines from New York to London and beyond.
⏱️ Timestamps:
00:00 – Intro & Wall Street close:• Dow -0.2%• S&P 500 +0.1%• Nasdaq +0.7%
00:25 – Market sentiment: Bullish tone, but consolidation risk
00:50 – US housing: Mortgage apps +1.1%, purchases up 2.3%, rates steady
01:30 – Tech surge:• Nvidia +4.2%• AMD +4.7%• Super Micro +15.7% on $20bn AI deal
02:15 – eToro IPO: Nasdaq debut closes up 0.97%
02:40 – Boeing lands record Qatar Airways order for up to 210 jets
03:10 – London recap:• FTSE 100 -0.21%, FTSE 250 +0.29%• Burberry +17%, Imperial Brands -7.27%, Mondi +3.2%, Spirax -6%
04:05 – Europe:• Stoxx 600 ends lower• TUI -10%, Alstom -16% on cautious guidance
04:45 – Asia market preview:• Nikkei expected down 494 pts• Hang Seng +3 pts, ASX -32 pts
05:15 – Economic preview for Thursday:• UK GDP Q1, trade balance, production• Eurozone GDP & employment• US jobless claims, PPI, retail sales
06:10 – Wrap-up: Back tomorrow with AM Citycast for the London open
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