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Market Overview
US tech stocks closed mixed again Tuesday as chip sector weakness and AI financing fears clashed with a solid round of earnings and continued oil price relief. The Nasdaq slipped close to 0.2% while the S&P 500 gained more than 0.2% and the Dow surged about 1.1%, lifted by a strong b...
Market Overview
US stocks kicked off the busiest week of the quarter on a mixed note Monday, with the Dow gaining nearly 0.5% while the S&P 500 barely moved and the Nasdaq slipped close to 0.2%. Chip stocks were the main drag, with Nvidia tumbling more than 4% on circular financing concerns and ASML...
Market Overview
Friday's session was a mixed bag as investors tried to find their footing after Thursday's brutal selloff. The Dow managed to climb around 0.5% while the S&P 500 barely held the flat line, but the Nasdaq slipped another 0.6% as megacap tech continued to weigh on sentiment. All three ...
Market Overview
Thursday was a rough session across the board as Wall Street got spooked by two things at once — Alphabet and Tesla's big capex ambitions rattled AI investors, and oil prices blew past $100 a barrel as the Middle East conflict kept escalating. The Nasdaq took the worst of it, tumblin...
Market Overview
Stocks pulled back Wednesday as investors held their breath ahead of after-the-bell earnings from Alphabet and Tesla, the first two Magnificent Seven names to step up to the plate this season. The Dow barely dipped below the flat line, the S&P 500 slipped 0.1%, and the Nasdaq led the...
Market Overview
Stocks bounced back Tuesday as the Nasdaq jumped 1.3%, the S&P 500 gained 0.9%, and the Dow climbed more than 0.7%, with chip stocks leading the charge ahead of a heavy week of Big Tech earnings. Semiconductors surged again, echoing a rally across Asian markets, and Nvidia climbed ne...
Market Overview
Stocks kicked off the week in the red Monday, with the Dow dropping 0.6% and the S&P 500 slipping about 0.2%, while the Nasdaq edged just below the flat line as chip stocks gave back earlier gains. The session came on the heels of a rough week for semiconductors, and the market is st...
Market Overview
Stocks closed out the week on a sour note Friday, with the major indexes posting meaningful weekly losses as the semiconductor sector took center stage for all the wrong reasons. The Dow fell 0.7%, the S&P 500 dropped 1%, and the Nasdaq shed 1.4% on the day. For the week, the S&P 500...
Market Overview
Stocks pulled back Thursday as Wall Street took a hard look at AI valuations and digested a mixed bag of earnings news. The Dow slipped 0.2%, the S&P 500 lost 0.5%, and the Nasdaq took the biggest hit with a 1.5% decline as chip stocks extended their slide into a second straight sess...
Market Overview
Stocks logged another day of gains Wednesday, with Big Tech leading the charge alongside a better-than-expected inflation reading at the wholesale level. The Producer Price Index showed that June wholesale inflation cooled faster than economists had anticipated, building on Tuesday's...
Market Overview
Stocks pushed higher Tuesday as a cooler-than-expected inflation reading gave markets a reason to exhale. The CPI came in at 3.5% annualized for June, below the 3.8% economists had forecast, easing some pressure on the Fed to tighten further — though traders still have one 25-basis-p...
Market Overview
Stocks kicked off a busy week in the red as the US and Iran escalated military tensions over the weekend, with renewed US strikes near the Strait of Hormuz and Iran retaliating against US allies including Kuwait, Jordan, and Qatar. The Dow fell 0.3%, the S&P 500 dropped 0.8%, and the...