Wall Street's Flip From AI to Less-Loved Stocks Accelerates, While Oil Prices Keep Easing
Boeing posted $631 million in adjusted free cash flow and Coca-Cola raised full-year guidance after a fifth straight earnings beat.
- On Tuesday, Boeing shares surged 6% on $631 million in adjusted free cash flow, while Coca-Cola jumped 4% following its fifth consecutive earnings beat and raised full-year guidance.
- Investors rotated capital from valuation-stretched AI-heavy tech names into old-economy cash generators, fueling Dow Jones Industrial Average gains as the Nasdaq Composite lagged.
- Micron Technology dropped 8.4% and was the heaviest S&P 500 weight, while Advanced Micro Devices fell 7.4% amid rising worries about artificial-intelligence growth sustainability.
- Falling oil prices helped ease the 10-year Treasury yield to 4.60% from 4.65%, while traders trimmed bets on a Federal Reserve rate hike following Wednesday's meeting.
- Market attention remains on upcoming quarterly reports from Meta Platforms and Microsoft on Wednesday, and Amazon on Thursday, which carry significant weight on broader indexes.
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The American indices turned red before a decisive evening for the rates and giants of tech. ...
Wall Street’s flip from AI to less-loved stocks accelerates, while oil prices keep easing - WXXV News 25
By STAN CHOE NEW YORK (AP) — Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week. The S&P 500 added 0.2%, but the modest move masked big swings underneath the surface. The Dow Jones Industrial Average jumped 537 points, or 1%, while the Nasdaq composite slipped 0.2% after briefly dropping 9.3% below its record set …
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Wall Street Shifts Focus as AI Stocks Stumble and Traditional Sectors Rise
Strong corporate earnings from Coca-Cola and others lift broader market, but AI-related stocks drag on gains amid sustainability concerns. The post Wall Street Shifts Focus as AI Stocks Stumble and Traditional Sectors Rise first appeared on [your]NEWS.
Wall Street’s flip from AI to less-loved stocks accelerates, while oil prices keep easing
Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week.
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Wall Street's flip from AI to less-loved stocks accelerates, while oil prices keep easing
Most U.S. stocks rose after Coca-Cola and other companies reported stronger profits for the spring than analysts expected. But more drops for chip stocks and other AI winners kept Wall Street's gains in check Tuesday, and the S&P 500 rose…
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