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This week’s market recap: Nasdaq gains 2.36% as chip and AI names surge, while Gen Digital and Paychex lead a software rout. Yields climb.
IonQ’s Nvidia quantum deal secures the first on-site processor slot at NVAQC – but installation is set for 2027, and Wednesday’s share rally faded fast.
Buffett steps down as chairman of Berkshire Hathaway, handing the role to son Howard, as Greg Abel faces pressure to deploy a record cash pile.
EOG Resources stock drop was 5%, not the 6% widely reported, as crude oil’s retreat pulled producer shares lower on 16 September.
Costco Uber Eats delivery now covers 47 US states, up from 17, as Uber Technologies (NYSE: UBER) shares hold steady on the news.
S&P 500 inclusion for Illumina, Bloom Energy and Everpure takes effect 21 September, replacing Molson Coors, Trade Desk and Builders FirstSource.
Rivian CFO steps down: Claire McDonough exits 30 October to become GE Vernova’s finance chief, as Rivian narrows quarterly losses.
The S&P 500 weekly close for 17 August 2026: a 0.5% gain masks a split market as AI storage names surge and retail names slide.
S&P 500 open odds on Polymarket point to a 61% chance of a higher start, but the AMAT and CoreWeave detail attached to the story doesn’t hold up.
Amadeus House 27b Floral Street London WC2E 9DP United Kingdom
editor@financial-news.co.uk.
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