Finance
Buildings along Wall Street in New York, US. (Bloomberg) — Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development. Corporate earnings are strong but “what’s challenging are valuations,” said Mike…
Stocks looked set to slide on Tuesday as investors questioned how long the blistering artificial-intelligence rally can last, despite solid earnings from data analytics software developer Palantir. Futures tracking the Dow Jones Industrial Average dropped 337 points, or 0.7%. S&P 500 futures fell 1.0%, and contracts tied to the tech-heavy Nasdaq 100 tumbled 1.3%. The…
What’s going on here? Asian stock markets hit fresh records, but that excitement soon faded as investors locked in profits and global equities slipped amid uncertainty over missing US economic data and future interest rates. What does this mean? Markets in Tokyo, Taipei, and Seoul powered to historic highs on ongoing tech sector enthusiasm –…
Tech led a sharp retreat in US stock futures on Tuesday after a mixed session on Wall Street that saw AI optimism in megacap companies drive the S&P 500 and Nasdaq Composite higher. S&P 500 futures (ES=F) sank 0.9%, while those on the tech-heavy Nasdaq 100 (NQ=F) tumbled roughly 1.3%. Contracts on the Dow Jones…
(Reuters) -Palantir Technologies fell almost 6% in early Frankfurt trading on Tuesday, as another strong quarterly update from the U.S. tech group failed to extend its record-breaking rally. The company, which has more than doubled in value this year, forecast fourth-quarter revenue above analyst estimates on Monday, driven by rapid adoption of artificial intelligence that…
A small replica of the Charging Bull statue is seen on a street vendor stall outside the New York Stock Exchange on July 11, 2025. Jeenah Moon | Reuters Global markets may be due for a reality check after this year’s relentless rally, as Goldman Sachs and Morgan Stanley on Tuesday cautioned investors to brace…
Shares of biotechnology company Moderna (NASDAQ:MRNA) fell 6.9% in the afternoon session after ongoing concerns about its financial performance and a recent clinical setback overshadowed an announcement about a new, early-stage study. While Moderna announced it had dosed the first patient in a Phase 1/2 study for a multiple myeloma therapy, investors looked past this…
The AI opportunity is real, but too much optimism has created some bubbles within the space. Bubbles have formed throughout stock market history. The actual bubble, and even the circumstances causing it, can change. However, they generally go through the same sequence of events, ultimately ending in pain when the euphoria runs out and prices…
Tech drives initial rally, but stock traders cautious after weak US data Divergent views among Fed officials clouds outlook for December rate cut RBA refrains from rate cut, as widely expected TOKYO, Nov 4 (Reuters) – Asian stock markets from Tokyo to Taipei and Seoul retreated from all-time highs on Tuesday, with investors booking profits…
The stock market is largely being propped up by a promise of AI that has yet to deliver—setting up what could be a disastrous bubble. But the AI land rush isn’t merely a risky gamble. Wall Street is staking the health of the markets—and that of the broader economy with it—on a bet against the…