Markets rallied worldwide as trade tensions eased, corporate earnings impressed, and oil prices rose;
Apple jumped on U.S. investment news;
Eric Trump’s Bitcoin firm announced plans to go public on Nasdaq.
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Our AI signals a BULLISH shift in general market news, marking a notable reversal after months of bearish trends — Our AI Events reflect the same outlook.
Market sentiment is turning bullish, with strong positive signals for major symbols like the S&P 500 and AAPL.
Here’s a breakdown of key stock events by our AI Event signal for today, 5/12.
The Must-Know News Stories for Today, 5/12.
Our AI cuts through the noise, saving you 11 minutes by delivering the heart of today’s events in seconds!
Benzinga
BullishShortTermS&P 500Market Recap
Nasdaq Surges Over 3%; Fox Posts Upbeat Q3 Results
- U.S. stocks rose significantly, S&P 500 up 2.52%.
- Consumer discretionary shares led gains, climbing 4.7%.
- Fox Corporation exceeded earnings expectations, boosting market sentiment.
- European and Asian markets closed higher, indicating global positivity.
- Oil prices increased by 3.2%, suggesting strong commodity demand.
CNBC
BullishShortTermAPPLCorporate Developments
Trump says he talked to Apple CEO Tim Cook after China tariff rollback
- U.S. and China suspend tariffs for 90 days; Apple stock up 6%.
- Trump discussed $500 billion U.S. investment with Tim Cook.
- Apple plans to build plants in the U.S., primarily for AI servers.
- Cooling trade tensions likely to benefit Apple despite existing tariffs.
- Cook sources products from Vietnam and India to manage tariff challenges.
Investopedia
VeryBullishLongTermGRYPCorporate Developments
Eric Trump's Bitcoin Mining Firm to Go Public
- Gryphon Digital Mining merges with American Bitcoin, co-founded by Eric Trump.
- Gryphon's shares surged 285% to $2.00 following the announcement.
- The merged entity will be called American Bitcoin and will list on Nasdaq.
- Trump emphasizes the importance of Bitcoin as a major asset class.
- Gryphon's shares have increased nearly 400% year-to-date.
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