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Morgan Stanley pulls no punches after tech stock sell-off
TheStreet52d agobearish
Morgan Stanley pulls no punches after tech stock sell-off

The tech sell-off was nerve-wracking for investors, but Morgan Stanley’s Andrew Slimmon feels the market might be getting exactly what it needed. In a recent CNBC interview, Slimmon made the case that AI winners weren’t collapsing due to fundamentals being broken. They fell because the trade became ...

Nasdaq Volatility Picks Up During Recent Slump
The Wall Street Journal52d agobearish
Nasdaq Volatility Picks Up During Recent Slump

The tech-heavy Nasdaq composite has slid for four of the past five trading sessions and moved at least 1% on six consecutive trading days. Read more on how recent rallies have left tech stocks vulnerable to reversals.

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
Reuters53d agobearish
Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, ‌while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first ‌time since its U.S. debut. SpaceX, which is expected to join the Nasdaq 100, has lost more than $600 billion in ​market value in the past three sessions. It last had a market valuation of $1.95 trillion, if the day's losses hold.

Oil falls as US waives Iranian sanctions and Nasdaq tumbles
AFP54d agobearish
Oil falls as US waives Iranian sanctions and Nasdaq tumbles

Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.The US Treasury said later Monday it was temporarily lifting sanctions on Iran to allow the Islamic Republic to produce, sell and deliver crude oil and related products through August 21.

Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends
Barrons.com59d agobearish
Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks Fall as Warsh Downplays Market Reaction
Barrons.com59d agobearish
Stocks Fall as Warsh Downplays Market Reaction

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.

Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027
Barrons.com59d agobearish
Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027

Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.