Finance
A tough week in US stock markets is getting tougher by the minutes. The S&P 500 is at the lows of the day, down 1.1% to 6646. That’s the loweset since Oct 17 as the late-October low is cracked and more stops are hit. The index is down 2.8% on the week compared to the…
Mark Mobius has a warning for AI investors — and one suggestion for where they could put their money instead. The legendary fund manager and founder of Mobius Capital Partners said he foresaw a big correction coming for top names in the AI space as valuations soar. A correction could tank the top AI stocks…
If I had to try to pin down a catalyst for the comeback it would be the news on a few fronts: More dovish UMich survey Lower 1-year inflation expectations in the NY Fed survey Signs of a deal on a US government shutdown The thing is, that all hit around 10 am ET and…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks erased much of their losses Friday but were still lower on the week. The S & P 500 was on track for a…
Big Tech “Magnificent Seven” stocks were headed for steep weekly losses on Friday morning as investors grew increasingly skeptical of whether the sky-high valuations and spending levels that have defined the AI buildout so far are sustainable. Chipmaking leader Nvidia (NVDA) lost around 3% in the first hour of trading Friday morning, after a Trump…
Next week could get dicey for markets as earnings slow to a trickle and investors continue to go without government data. There was already more trepidation in the market this past week. On Friday, stocks are on pace to snap a three-week advance, with technology dragging all three major indexes into the red. The Nasdaq…
The federal government shutdown dragged consumer sentiment in the US to a near record low in November, according to a monthly survey conducted by the University of Michigan. Consumer sentiment fell about 6% in November, with the consumer sentiment index for November 2025 at 50.3, down from 53.6 in October, nearly three points below expectations….
Stocks were set to post their first weekly losses in three weeks on Friday as concerns about the sky-high valuations of artificial intelligence companies prompt investors to pull back. The Nasdaq Composite, which closely tracks the biggest technology companies, could record a drop of more than 4.5% this week, its worst since the global market…
New York — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a startling…
New York — Tech stocks took a bruising this week as nerves persist about a potential artificial intelligence bubble. The tech-heavy Nasdaq Composite was down 1.6% on Friday and on track for its worst week since early April, when President Donald Trump’s announcement of so-called reciprocal tariffs rocked markets. The benchmark S&P 500 was down…