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ASX set to dip on RBA day, Wall Street drifts; Oil rises on Hormuz uncertainty

The US stock market is drifting near its all-time high, while oil prices rise on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again. The RBA announces its rates decision this afternoon.

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smh.com.auStai leggendo19 h fa

ASX set to dip on RBA day, Wall Street drifts; Oil rises on Hormuz uncertainty

Intel sells $15B stock for AI infrastructure as earnings-driven rally cools (S&P 500 +50% YoY gains). Tech stocks fall post-rally (Nvidia -2.5%) despite Intel's move, showing investors distinguish between AI spending and valuations; inflation at 3.4% may cap Fed rate hikes.

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theage.com.au19 h fa

ASX set to dip on RBA day, Wall Street slips; Oil rises on Hormuz uncertainty

S&P 500 earnings surge 50% YoY while Intel drops 4.1% announcing $15B stock sale to finance massive AI infrastructure push. The capex battle for AI dominance intensifies even as oil costs rise and Fed rate-hike odds strengthen, straining IT budgets.

ASX set to dip on RBA day, Wall Street drifts; Oil rises on Hormuz uncertainty

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ASX set to dip on RBA day, Wall Street drifts; Oil rises on Hormuz uncertainty

ASX set to dip on RBA day, Wall Street slips; Oil rises on Hormuz uncertainty

Timeline cronologica

ASX set to dip on RBA day, Wall Street drifts; Oil rises on Hormuz uncertainty

ASX set to dip on RBA day, Wall Street slips; Oil rises on Hormuz uncertainty

ASX treads water ahead of RBA rate call; Oil rises on Hormuz concerns

ASX rises ahead of RBA rate call as oil stocks rally; SGH, Life360 plunge