Financial markets stepped back from recent highs on Thursday as investors reassessed where risk is becoming stretched.

Global equity markets are entering rare territory as the breadth of the rally expands at a pace not seen in decades.

A fresh wave of capital is flowing into China’s semiconductor sector, and this time it’s being pulled in by a fast-growing chipmaker tapping Hong Kong’s revived IPO market.

Citigroup’s fourth-quarter earnings showed improving momentum in parts of its business, but headline results were weighed down by a large one-off charge linked to its exit from Russia.

Bank of America reported a stronger-than-expected fourth quarter, as heightened market volatility lifted trading activity and helped offset a still-challenging macro backdrop.

Wells Fargo reported mixed fourth-quarter results, combining stronger profitability and balance-sheet expansion with softer-than-expected revenue and efficiency metrics, while outlining an ambitious outlook for 2026.

Advanced Micro Devices (AMD) is heading into 2026 with growing attention on whether its strategic positioning in data centers and AI infrastructure can translate into sustained performance.

U.S. financial markets struggled to find direction after the latest inflation figures offered reassurance on prices but no clear signal that interest rates are heading lower anytime soon.

JPMorgan Chase & Co. wrapped up 2025 with a fourth-quarter report that underscored its earnings power and balance-sheet strength, beating consensus on most key measures and reinforcing its role as the bellwether of the U.S. banking sector.

Alphabet’s stock surge this week was not about a single product launch or earnings beat. Instead, investors appear to be reassessing Google’s long-term position in artificial intelligence, pushing the company’s valuation above the $4 trillion mark and placing it among the most valuable corporations ever traded.

Alphabet’s stock is quietly putting together one of the strongest runs in its public market history, even as attention across Wall Street remains fixed on flashier AI names and short-term macro risks.