Investors went for a wild ride Nov. 20 as the U.S. stock market dramatically fluctuated throughout the day. Nvidia reported strong earnings Nov. 19, offering investors a boost of confidence and temporarily calming concerns of an AI bubble. However, according to CNN Business, the relief was short lived, with stocks taking a dive in the…
U.S. stocks whipsawed, with the blue-chip Dow swinging through 1,000 points, before closing lower. Bolstered by strong earnings from artificial intelligence chip giant Nvidia and discount retailer Walmart, stocks opened higher and the Dow climbed 700 points. However, stocks slowly started losing ground after the delayed September jobs report appeared to dash hopes for another…
New York – The U.S. stock market is holding steadier on Monday following two weeks of sharp swings, but it’s churning underneath the surface ahead of big-time reports coming later in the week. The S&P 500 was virtually unchanged and remained only a bit below its all-time high set late last month. The Dow Jones…
The spark came from CoreWeave, the AI cloud infrastructure firm whose third-quarter results missed expectations. Government reopening also left investors with questions about economic data. After the longest shutdown on record, the U.S. government has reopened and federal agencies are rushing to publish a backlog of delayed economic data. Yet the administration warned that key…
Federal Reserve Chair Jerome Powell poured cold water on hopes for a holiday rate cut, dialing back expectations as the labor market cools and inflation persists. Powell said a December cut is far from guaranteed. Even as the central bank on Oct. 29 trimmed its benchmark federal funds rate to a range of 3.75% to…