US100 gains driven by Microsoft's historic highs📈
The US100 is up "only" 0.6% today, but the index is approaching the important level of 16,000 points. Moreover, the area around this level is also the local peaks of July this year. Once these are overcome, the US100 will be trading at its highest since early 2022. It is about 5% short of the historical peaks of 2021. Interestingly, with moderate increases in the US, we observed rather mixed sentiment in Europe today.
The bullish momentum observed on US indices was further supported today by reports from Microsoft (MSFT.US). OpenAI co-founders Sam Altman and Greg Brockman are moving to Microsoft to take up leadership positions there for a new AI research unit. Hundreds of OpenAI employees have threatened to follow in the footsteps of Altman and Brockman if the changes at the company do not take place. In the wake of the reports, MSFT's shares temporarily rocketed to their highest levels ever. The stock is gaining about 1.5% and is trading near the $375 level.
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Source: xStation
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