Major stock indexes fell Friday as technology shares remained under pressure on AI bubble fears. The tech-heavy Nasdaq sank, and the S&P 500 and Dow Jones Industrial Average pulled back from records.
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The Dow Jones and Russell 2000 hit record highs this past week, buoyed by a Fed rate cut and dovish Fed Chief Powell.
"The swing in AI sentiment continued with Broadcom’s ( AVGO) earnings after the US close," Deutsche Bank's Jim Reid said. "Following a +78% advance YTD, the chipmaker now has a larger market cap than ...
Major stock indexes ended mixed Thursday, with the Dow Jones Industrial Average and S&P 500 closing at record highs but the ...
Renewed concerns about the AI boom have weighed on tech shares ...
While the Dow gained 646.26 points, or 1.3%, to close at a record 48,704.01, it's notable that the equal-weight version of the S&P 500 index XX:SP500EW outperformed the S&P 500 SPX and its lopsided ...
Artificial-intelligence plays weren't all hit with selling on Thursday, with shares of Meta Platforms Inc. and Microsoft Corp. both higher heading into the closing bell. Meta shares were up 0.2%, at ...
The cross-asset backdrop is classic late-cycle: softer yields, a weaker dollar and bifurcated risk appetite. The U.S. Dollar Index (DXY) dropped roughly 0.6% to around 98.24, its lowest reading since ...
Meta Platforms' aggressive artificial-intelligence spending plans have caused shareholders a lot of grief this year, as the stock has sold off over the last few months. But that selloff has presented ...
As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 ...
Stocks rallied and the dollar fell after the Federal Reserve cut rates, but weak cloud revenues from Oracle has pushed the AI ...