European stocks climb; FTSE dips as French yields advance
European stocks mostly rose; UK FTSE fell on HSBC weakness. US durable goods and confidence up; housing soft. Dollar gained, gold rose, oil near $100.
US stock indexes rose Monday as Anthropic filed for an IPO targeting a valuation over $1.5 trillion.
The main US equity indexes ended the session with these changes:
Monday brought a partial reversal of the recent market selloff as investors awaited major earnings from Microsoft, Alphabet and Amazon this week, as well as the FOMC decision. A catalyst was Anthropic's IPO filing, with the company reportedly expected to attempt raising $100 billion at a valuation of more than $1.5 trillion, with a target date of November 16.
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European stocks mostly rose; UK FTSE fell on HSBC weakness. US durable goods and confidence up; housing soft. Dollar gained, gold rose, oil near $100.
Meta's market cap dropped nearly $400B; it sold $35B in stock to fund AI. Analysts maintain a buy with an average target of $852, about 36% above current price.
S&P and Nasdaq 100 rebound above key moving averages, while Meta stays weak below resistance. Nvidia, Apple, and Microsoft show positive signs.
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