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Sideways trading for stocks continued heading into the final hour of the week. The Dow was down 40 points, or 0.1%. It would be rising if not for steep drops in Goldman Sachs and Caterpillar, which are two of the largest stocks in the stock-price-weighted index.
The market’s breadth—the number of advancing stocks versus declining ones—has still been positive, even on days when tech is a mess.
Sarah Kunst of Cleo Capital went on CNBC Friday morning and said what a lot of portfolio managers have been muttering to themselves all week. “People are wondering if putting all of their eggs into the AI, a sort of high growth hyperscaler basket, was maybe not the best idea over the past couple of ... A VC Says the ‘All Your Eggs in the AI Basket’ Trade Is Finally Cracking — Here’s Where the Money Goes Next
Apogee Enterprises' fiscal Q1 report arrived with some great news for investors.
Stocks were cruising along in Friday trading, and even the Nasdaq was in on the action. The Dow rose 100 points, or 0.2%. The index was rising, even though declines for Caterpillar and Goldman Sachs combined were shaving off more than 400 points on their own.
The right investment is more important than ever if a downturn is looming.
Global stocks plunged on Friday in a tech rout after Apple said it would increase prices by up to £300 because of AI costs.
The major stock indexes were back to breakeven after the latest sentiment data from the University of Michigan. The Dow was up 83 points, or 0.2%. The S&P 500 was up 0.1%. The Nasdaq was down 0.1%. The University of Michigan said its index of consumer sentiment rose to 49.
The Nasdaq was down 1%, while the Dow was down 206 points, or 0.4%. The Invesco S&P 500 Equal Weight ETF, a proxy for breadth since it counts every single S&P 500 stock as if it had the same market capitalization, was rising. At the sector level, a rotation to health care, consumer staples, real estate, and utilities came at the expense of tech and industrials.
June 26 (Reuters) - Wall Street's main indexes fell on Friday, as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the
Chip stocks kept sliding Friday morning. The Nasdaq dropped 1.1% at the open. The S&P 500 fell 0.7%. The Dow dropped 176 points, or 0.3%. “After a strong start and intraday sell-off yesterday, futures have equities in the penalty box to start the last session of the week, so we’ll see if bulls can make a stand into the weekend,” Bespoke Investment Group’s Paul Hickey writes.
Stock Market Today: The Dow Jones index fell, while Nasdaq futures dived amid a global tech sell-off. Micron, Nvidia and Sandisk tumbled.
Tech stock traders can be an impatient bunch. But lately, they’ve grown seriously ticked off about the high price they’ve paid to get into the AI game without the profit boost they were expecting.
US stocks are set for another difficult session on Friday, with the Nasdaq on course for a fifth straight day of losses as investors continue to rotate out of technology shares ahead of the quarter-end. Nasdaq futures were down 1.2% ahead of the opening bell, while S&P 500 and Dow Jones...
Palantir rises, putting the stock on pace to end a recent losing streak. Shares remain on track to log their worst monthly decline in five years.
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