16 Feb 2024

Stocks

 Stocks were broadly higher Friday 16th feb 2024, as a risk-on mood prevailed in markets, following another record on Wall Street. Contracts on the tech-heavy Nasdaq 100 paced gains in US equity futures. Applied Materials Inc., the largest US maker of chipmaking machinery, jumped 13% in premarket trading after giving a bullish revenue forecast that signalled some of the largest semiconductor companies are increasing their investments in new production.