Short sellers betting against some of the market’s leading AI stocks potentially made billions as markets slid this week and investors moved away from some of the year’s hottest tech trades. On Wednesday, tech stocks stumbled for a second day, with the tech-heavy Nasdaq Composite’s (^IXIC) 0.7% drop leading declines in the major averages as…
Tech stocks fell for a second day on Wednesday as investors sold off a slew of tech names amid concerns over the sustainability of the AI boom and a recent market rotation away from some of this year’s biggest winners. Among the Magnificent Seven Big Tech stocks, Amazon (AMZN) and Apple (AAPL) fell nearly 2%,…
US stock futures mostly fell as investors digested another difficult day for tech stocks and persistent uncertainty on Federal Reserve policy. Futures attached to the Dow Jones Industrial Average (YM=F) fell 0.7%. Futures attached to the benchmark S&P 500 (ES=F) dipped 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) hovered just below the flatline….
The stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO. The Nasdaq Composite dipped around 1.3%, and the S&P 500 slipped 0.9%. The Dow Jones Industrial Average lost 75 points, or 0.2%. The US stock market declined for a second consecutive day on…
NEW YORK (Reuters) -Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st. The semiconductor index was down 1.4% , while the information technology sector was the second biggest decliner in the…
Target (TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history. The discounter announced that longtime CEO Brian Cornell’s heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014,…
Good morning. And strap in if you own major tech stocks. The tech-heavy Nasdaq closed yesterday down 1.4% in the biggest one-day drop in three weeks. Nvidia dropped 3.5%. Palantir sunk 9.4%. Arm was down 5%. AMD was down 5.4%. The pain wasn’t limited to one exchange or market, either. NYSE-listed Oracle was down 5.9%….
US stock futures slipped on Wednesday after a bruising day for tech stocks, as investors waited for Target earnings and Federal Reserve minutes for clues to prospects for the economy and interest rates. The Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) both slid 0.2% before the bell. Contracts on the tech-heavy Nasdaq…
LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA’s monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August’s survey, who have $413 billion in assets under management, said they thought…
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after a slew of companies cited higher duties in their earnings reports, and weaker-than-expected economic data dented their sentiment. All three major indexes ended in negative territory. The Dow Jones Industrial Average (DJI) declined 0.1% or 61.90 points to close at 44,111.74…