NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market’s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228…
Investors should focus on buying stable stocks at a lower valuation as uncertainty grows due to policies out of Washington, according to Goldman Sachs. The stock market has been under pressure recently, with the S & P 500 briefly dipping into correction territory last week. The broad market index struggled again on Tuesday, losing more…
The difference between Chinese and U.S. stocks is only getting clearer. The S & P 500 fell into correction on Thursday for the first time since 2023 . Meanwhile, the MSCI China index has surged double digits in its best start to a year in history, largely thanks to artificial intelligence, according to Goldman Sachs….
Fears of an economic recession have been cited as a catalyst for the stock market’s horrid run this week. JPMorgan thinks something else may be driving the downturn. “In our mind the most likely culprits are equity hedge funds and in particular two categories: Equity Quant hedge funds and Equity TMT Sector hedge funds,” strategist…
My top 10 things to watch Thursday, March 13 1. President Donald Trump said today he plans 200% tariffs on alcohol from France and other European nations if the EU does not remove 50% levies on U.S. whiskey imports. 2. U.S. stocks were looking at a lower open following Trump’s tariff threat, which came out…
My top 10 things to watch Thursday, March 6 1. Stocks are headed for a sharply lower open today as Wall Street’s optimism on tariff exemptions for automobiles yesterday has given way to more uncertainty and confusion. Initial jobless claims for last week came in slightly better than expected ahead of Friday’s employment report. 2….
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images Tens of thousands of users were unable to access various Microsoft programs on Saturday afternoon. “We’re investigating an issue in which users may be unable to access Outlook features and services,” Microsoft 365 Status, the official…
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta AI will soon become one of the social media company’s standalone apps, joining Facebook, Instagram and WhatsApp, CNBC has learned. The company intends to debut…
Investors are selling Nvidia shares Thursday, sending the stock down more than 3% after the artificial intelligence giant’s better-than-expected quarterly results the prior evening. What, exactly, is causing the selling? It could be the guidance for its current fiscal 2026 first quarter. While strong, it wasn’t as strong as investors got used to in recent…
Nvidia on Wednesday evening delivered a better-than-expected fiscal 2025 fourth quarter driven by a $2 billion revenue beat on data center sales. Forward guidance also exceeded estimates. Despite the enormous anticipation of the results, shares dropped 1.5% in after-hours trading. But given the volatile nature of the stock, a bigger move — in either direction…