Tech firms gain on Anthropic IPO optimism; HSBC slumps in London

What happened: Tech shares rose for a second day after Anthropic's IPO filing revived optimism in the sector, while HSBC dragged London's FTSE 100 lower after its profits fell short of market expectations. Key numbers: Anthropic reported first-half revenue up about 1,300 percent year-on-year. Why it matters: The Anthropic sale is seen as a crucial test of whether the AI boom can deliver profits, and a disappointing reception could dent enthusiasm further. Gains were tempered as traders awaited key earnings and central bank meetings, with the Fed expected to hold rates on Wednesday. Market: -0.2% today ($342.96), +26.8% YTD, 0.1x vol — as of 14:03 UTC Coverage: 7 outlets in 24h

Tech shares rose for a second day after Anthropic's IPO filing revived optimism in the sector, while HSBC dragged London's FTSE 100 lower after its profits fell short of market expectations.

The Anthropic sale is seen as a crucial test of whether the AI boom can deliver profits, and a disappointing reception could dent enthusiasm further. Gains were tempered as traders awaited key earnings and central bank meetings, with the Fed expected to hold rates on Wednesday. Market: -0.2% today ($342.96), +26.8% YTD, 0.1x vol — as of 14:03 UTC