New York — US stocks closed lower Thursday as jitters spread on Wall Street about credit market turmoil and regional banks’ exposures to bad loans. The Dow fell 302 points, or 0.65%. The broader S&P 500 dropped by 0.63%, and the tech-heavy Nasdaq Composite moved 0.47% lower. Volatility has returned to Wall Street amid rising…
By Sukriti Gupta and Twesha Dikshit Wall Street’s main indexes dropped on Thursday, led by declines in financial stocks, while earlier gains in semiconductor shares on renewed optimism about artificial intelligence faded. The S&P 500 financials index SPF declined 2%. The S&P 500 insurance index (.SPXIN) dropped 3.5% to an over six-month low. Insurance bellwether…
In late September, Nvidia announced plans to invest up to $100 billion in OpenAI to fund a new generation of data centers, while OpenAI pledged to purchase millions of Nvidia chips for those facilities. Days later, OpenAI struck a similar multibillion-dollar arrangement with AMD. Celebrated by investors, these deals also raised eyebrows. To some observers,…
An automatic teller machine at the Zions Bank headquarters in Salt Lake City, Utah, on July 10, 2023. Kim Raff | Bloomberg | Getty Images Stock Chart IconStock chart icon ZION and KRE, 1-day The bankruptcies of two auto industry-related companies this year have raised concerns about loose lending practices, especially in the opaque private…
MP Materials is surging on the latest U.S.-China trade news. There’s little doubt that China currently dominates the rare-earth metal industry. But if ever you did have doubts, here’s a sobering figure: China accounted for about 70% of their extraction in 2024. That chokehold has made U.S. companies like MP Materials (MP -4.06%) a true…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) I pitched Newmont Mining (NEM) to the Halftime Report audience as a Best Stock in the Market name on April 17th . Instead of talking about it, I should have just shut my…
US stocks retreated on Thursday after a strong start, with the S&P 500 down 0.2%, Nasdaq down 0.1%, and the Dow falling over 100 points as geopolitical tensions and banking concerns offset optimism from corporate earnings and the AI sector. President Trump described his conversation with Russian President Putin as “lengthy,” adding uncertainty. Meanwhile, regional…
Stock futures are pointing to a higher open for major indexes as investors digest a flurry of corporate earnings reports, while gold continues hitting new highs; Walmart (WMT) shares are higher after closing at record highs the last two days following news of the retailer’s collaboration with OpenAI; Salesforce (CRM) shares are gaining after the…
Baird sees shares of Rocket Lab taking off from their current levels. In a Thursday note, the investment firm initiated coverage of the rocket and spacecraft manufacturer at an outperform rating and $83 price target. Shares of Rocket Lab have soared 172% this year. While Baird’s price target implies the stock could gain an additional…
(Reuters) -Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC (TSM) issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of multi-billion-dollar deals across the sector. The company posted a record quarterly profit and raised its annual revenue expectation, pointing to robust demand from customers including AI chip…