KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
US Stocks Close at Record Highs as Alphabet Boosts AI Optimism, But Caution Builds Ahead of Fed Decision
US stocks ended at fresh all-time highs Thursday, powered by strong earnings from Alphabet that reinforced investor confidence in the artificial intelligence boom driving the market. The S&P 500 posted its 10th record close in 19 sessions , capping a 28% rally from April lows. What Drove the Market Higher? Alphabet’s results showed solid AI demand , fueling a rally in tech names like Nvidia, which hit a new peak. The gains came despite a sharp 8.2% drop in Tesla shares , after Elon Musk issued a cautious outlook. After-hours, Intel offered a strong sales forecast , citing recovering demand in the PC market. Broader Market Moves The S&P 500 edged higher , maintaining record territory. 10-year Treasury yields climbed to 4.41% , following a sixth consecutive weekly decline in jobless claims—the longest streak since 2022. Traders reduced expectations of rate cuts this year, now pricing in fewer than two. Spotlight on the Fed The ...