US Stocks Today: Nasdaq Lags on Angst over AI Spending Ahead of Earnings Reports
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4 Articles
The Nasdaq fell 0.64% this Friday, because investors sold shares of semiconductor companies due to concerns about spending on AI, before the next batch of profit reports from large companies, while the drop in oil prices gave some support to Wall Street. At closing, the S&P 500 index rose 3.68 points, or 0.05%, to 7,411.98 units, while the Nasdaq Composite lost 161.87 points, or 0.64%, to 24,975.82 points. The Industrial Average Dow Jones rose 2…
US stocks today: Nasdaq lags on angst over AI spending ahead of earnings reports
U.S. markets closed mixed as the Nasdaq declined on chip stock weakness driven by concerns over heavy AI spending, while the Dow rose and the S&P 500 was nearly flat. Falling oil prices offered support, though geopolitical tensions and tariff developments kept investor sentiment cautious ahead of major tech earnings.
Tech Selloff Continues: Nasdaq Drops Again Amid AI Investment Worries and Trade Tensions
The Nasdaq fell 0.6% Friday, marking its second consecutive decline as AI spending concerns and new tariffs rattled tech stocks, while the Dow edged higher. The post Tech Selloff Continues: Nasdaq Drops Again Amid AI Investment Worries and Trade...
US: Nasdaq lags on angst over AI spending ahead of earnings reports
The tech-heavy Nasdaq fell on Friday (Jul 24) as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next batch of megacap earnings reports,... Read more at The Business Times.
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