In This Story Nvidia (NVDA-16.95%) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China. How Nike’s new CEO plans to revive the struggling sportswear giant Shares of the AI chipmaker were up 2% in pre-market trading, after closing…
(Reuters) – Futures tied to the S&P 500 and the Nasdaq were higher on Tuesday after steep losses in the previous session, when the popularity of a low-cost Chinese artificial intelligence model rattled stocks of U.S. companies invested in the technology. Monday’s selloff came after Chinese startup DeepSeek launched AI models it says are on…
By Amanda Cooper and Ankur Banerjee LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on dominance of U.S. companies in this sector. Startup DeepSeek last week launched a free assistant it says uses less data…
The Exchange Fund, Hong Kong’s financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets. For the full year, the fund reported its fifth-best annual return, as a diversified investment approach paid off. The investment return in…
US stocks were drifting on Friday as investors assessed economic data and corporate earnings. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24per cent, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06per cent, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09per cent, to 20,034.29. At…
After the two-day rally, the S&P 500 declined 0.08% on Thursday morning as investors pulled back from their approach toward record levels set earlier in the week. Investors drove up stock prices when they believed Trump would favor business over-regulation and that big tech groups planned to put $500 billion into the AI market. Market…
U.S. stock indexes gained ground on Wednesday, buoyed by stronger-than-expected earnings from major tech companies and growing enthusiasm over the profit potential of artificial intelligence (AI). The S&P 500 rose by 0.5 percent in early trading, marking its sixth increase in the past seven sessions. The Dow Jones Industrial Average was up 97 points or…
Fourth quarter earnings season is off to a strong start. Unfortunately, that may not matter much for the stock market. Many equity strategists anticipate a solid earnings season for companies in the S&P 500 (^GSPC) to take a back seat in the coming weeks as investors dissect President Donald Trump’s return to the Oval Office…
STORY: Wall Street’s main indexes closed higher on Tuesday, as investors assessed Donald Trump’s first actions as U.S. president and appeared encouraged he didn’t kick off his second term with blanket tariff increases. The Dow gained about one-and-a-quarter percent, the S&P 500 added almost nine-tenths of a percent and the Nasdaq climbed more than six…
On Wall Street, market participants will see the holiday-shortened but a busy week ahead. On Monday, markets will remain closed on account of Martin Luther King Jr. Day. As on Monday Donald Trump’s inauguration as US President is scheduled, investors will closely watch the executive orders of the new administration to be announced in the…