S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
Investors fled technology shares as worries over AI spending and higher borrowing costs deepened, while Brent crude jumped 4% on supply fears, analysts said.
- U.S. technology stocks and futures fell as investors questioned the costs and returns of artificial-intelligence spending.
- The Nasdaq Composite fell 2.06%, while the S&P 500 declined 1.10% during Thursday trading.
- Higher oil prices and geopolitical tensions, including risks involving Gulf infrastructure and vessels, added to market concerns.
- Investors looked to upcoming earnings from companies including Meta Platforms, Netflix, and Tesla for signs of continued growth.
383 Articles
383 Articles
The bond market swings, but stocks remain steady after the Fed says it won't raise interest rates
The bond market swung, while U.S. stocks ticked higher after the Federal Reserve decided not to raise its main interest rate to bring down high inflation
Wall Street drifts as Broadcom and other AI-related stocks support the market
Wall Street is holding relatively steady as AI stocks support the market, at least for now. The S&P 500 rose 0.1% Tuesday. The Dow Jones Industrial Average dipped 45 points, and the Nasdaq composite rose 0.3%. The majority of stocks…
Wall Street drifts as Broadcom and other AI-related stocks help support the market
Wall Street is holding relatively steady as AI stocks help support the market, at least for now. The S&P 500 rose 0.3% Tuesday. The Dow Jones Industrial Average dipped 9 points, and the Nasdaq composite rose 0.5%. The majority of…
US stocks tick higher as JetBlue jumps and Boeing falls following mixed profit reports
NEW YORK (AP) — Stocks are ticking higher on Wall Street following a mixed set of profit reports from Boeing, JetBlue and other big companies. The S&P 500 rose 0.3% Tuesday.
US stocks tick higher as Broadcom and other AI companies lift the market
Wall Street is ticking higher as AI stocks support the market. The S&P 500 rose 0.5% Tuesday. The Dow Jones Industrial Average added 27 points, and the Nasdaq composite rose 0.9%. The majority of stocks within the S&P 500 were falling, but gains for several influential AI stocks made up for that. Broadcom climbed after announcing a financing deal that will give Anthropic access to its AI chips. JetBlue and Royal Caribbean Group rose following their profit reports, helping to offset drops for Boeing and Hilton. Treasury yields held relatively steady a day before the Federal Reserve will announce a decision on interest rates.
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