Stock Market and Technology News

The S&P 500 surged to an all-time high after Nvidia's strong quarterly results, boosting the broader tech sector. Other tech names like Facebook and Amazon also saw gains. ASML Holding was highlighted as a buy due to its monopolistic position. VinFast, a Vietnamese electric vehicle company, reported widening losses. The U.S. manufacturing PMI exceeded expectations, while the services PMI fell short. Federal Reserve Governor Philip Jefferson hinted at interest rate cuts later in the year. Stocks opened higher on hopes of continued AI-driven economic growth. Unemployment claims in the U.S. decreased more than expected. Japan's Nikkei 225 hit a record high fueled by robust earnings.