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The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it
Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.
Walmart also announces it is transferring the listing of its common stock to the Nasdaq stock market in December as it continues to expand its tech ambitions.
The S&P 500 fell 1.6% Thursday after erasing an early surge that initially had it on track for its best day since May.
The ongoing Bitcoin crash has claimed a major casualty: BlackRock (NYSE: BLK). Yes, the world's largest asset manager recently suffered its worst-ever rout when its spot Bitcoin exchange-traded fund (ETF) saw the largest sell-off in a single day.
The releases will provide key signals for investors after a significant market pullback.
Wall Street's main indexes hit one-month lows on Tuesday on concerns over lofty equity valuations and dimming prospects of a December interest rate cut, while investors awaited Nvidia's earnings and key government data due later this week.
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Asia stocks sink on Wall Street decline; Japan plunges amid sell-off in JGBs and China tensions
Asia stocks trade in red on Tuesday followed Wall Street’s decline overnight ahead of the announcement of the jobs data and Nvidia’s quarterly results. Japanese markets were the worst performers of the day,