S&P 500 down 4% from Oct record high, Nasdaq off 7% from peak Volatility rising, indexes see biggest swings since April Tech stock declines, prospects for Dec Fed rate cut in focus NEW YORK, Nov 23 (Reuters) – Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest…
ORLANDO, Florida, Nov 20 (Reuters) – Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from the first U.S. jobs data since the government shutdown ended….
ORLANDO, Florida, Nov 18 (Reuters) – Warnings about Wall Street’s excessive optimism, concentration risk, and frothy valuations have fallen on deaf ears for most of this year, leaving market-watchers wondering what, if anything, will cool the tech and artificial intelligence frenzy. It turns out that it could end up being a plain old-fashioned shift in…
ORLANDO, Florida, Nov 18 (Reuters) – The tech-induced selloff across global stocks accelerated on Tuesday and soft U.S. labor market indicators also weighed on Wall Street, while fiscal worries in Japan helped drag Japanese stocks, bonds and the yen lower. More on that below. In my column today I look at what helped trigger this…
ORLANDO, Florida, Nov 13 (Reuters) – Wall Street tumbled and Treasury yields rose on Thursday as expectations of a Federal Reserve interest rate cut next month faded rapidly, while the dollar also fell in a bleak session for U.S. asset prices. More on that below. In my column today I look at the emerging parallels…
ORLANDO, Florida, Nov 11 (Reuters) – U.S. tech was the major outlier in an otherwise buoyant day for global stocks on Tuesday, as relief around the expected end of the U.S. government shutdown lifted the Dow to a record closing high and other indices to new peaks too. More on that below. In my column…
Nov 10 (Reuters) – Tesla (TSLA.O), opens new tab board chair Robyn Denholm thanked the electric-vehicle maker’s shareholders on Monday for approving CEO Elon Musk’s $878 billion pay package. The approval marks one of the largest compensation votes in corporate history and underscores investor willingness to bet on Musk’s leadership as Tesla pursues its next…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…