Tech stocks drag Nasdaq, S&P
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The central bank's annual conference in Jackson Hole, Wyoming, kicks off on Friday, with Chair Jerome Powell expected to speak, remarks that will be closely watched for policy signals. Investors have been pricing in a 25-basis-point rate cut in September, according to data compiled by LSEG.
It was a mixed day on Wall Street, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closing in the red. The Dow Jones Industrial Average (^DJI) closed higher, but only by 10 points. Yahoo Finance Markets and Data Editor Jared Blikre recaps the action at the close while Defiance ETFs CEO and CIO Sylvia Jablonski weighs in on the day's trading.
Markets are red, as investors saw a mixed batch of earnings, and are set for the Federal Reserve’s meeting minutes release. Remember, markets are looking for any sign of a potential rate cut by September.
Tech stocks are leading declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite is down around 2.4% over the last two days, the worst two-day fall since April.
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Cryptopolitan on MSNNasdaq suffers sharpest drop since August as AI optimism fades
US technology shares slid on Tuesday in New York trading due to fresh doubts about the boom in artificial intelligence.
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Investor's Business Daily on MSNStock Market Today: Dow Trips As Nasdaq Falls; Palantir Tests Key Level As Retail Stock Breaks Out (Live Coverage)
T he Dow Jones Industrial Average slipped into negative territory while a steeper fall for the Nasdaq put it below a key level in afternoon trade Wednesday. Several retail stocks moved on earnings, and artificial intelligence software maker Palantir Technologies PLTR was driving toward its sixth straight loss on the stock market today.
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TV News Check on MSNDow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16
Wall Street steadied Wednesday after Nvidia, Palantir and other AI stars trimmed their losses. The post Dow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16 appeared first on TV News Check. The post Dow Adds 16,
Wall Street rebounded in 2023 after a highly disappointing 2022. The rally was primarily led by growth stocks, especially, technology stocks. Consequently, the tech-heavy Nasdaq Composite Index ...