Nasdaq plunges as chip and AI shares suffer steep losses
The Nasdaq Composite fell 2.60% as chip and AI stocks tumbled, while the Dow edged up 0.02%.
The Nasdaq Composite fell 2.60% as chip and AI stocks tumbled, while the Dow edged up 0.02%.
US stock indices fell sharply, breaking key moving averages. Technical support levels could offer a lifeline if buyers step in.
Strong SpaceX earnings helped steer bitcoin back above $84,500 on Wednesday, with the token up 2% over 24 hours.
Russell 2000 jumped 1.75% while Nasdaq slipped 0.1%. Pending home sales fell to lowest since financial crisis.
Strive's SATS preferred stock, paying a 15% daily dividend, started trading on Nasdaq after an upsized IPO of 7 million shares at $90 each.
The Nasdaq slid last week on hot inflation, growth worries, and widening credit spreads. Key focus is Friday's US Flash PMIs.
UBS says neocloud sell-off reflects funding risks, not weak AI demand; it remains positive on AI, with capex seen rising 33% to $1.2 trillion by 2027. The…
Jeremy Siegel of WisdomTree cautions that a 30% Nasdaq decline is possible if AI investment disappoints.
Mixed close on Wall Street: Nasdaq and S&P 500 gain over 1%, Dow slips. Amazon jumps nearly 5%.
Tech stocks try to rebound; hedge funds reduced positions at decade-fastest pace. Key technical levels for Microsoft, Nvidia, Amazon, Apple outlined.
Technology stocks rebounded, with the Nasdaq Composite up 0.88% and the Nasdaq 100 up 1.11% while the Dow slipped 0.15%.
The US dollar is mixed against major currencies as possible progress in US-Iran talks pushes oil lower. Nasdaq 100 futures lead gains.
European stocks and euro fall as French riots add uncertainty; US tech futures rise on lower yields.
US futures rebound after last week's tech-led selloff, but earnings from Meta, Netflix, Tesla and others will test whether the rally can hold.
CXMT shares dropped 6.5% on Monday as a selloff in US chip stocks spread to Asia, overriding the company's forecast of a return to profit.