Dow Jones Falls Below 47,000 Amid AI and Fed Doubts
6 Articles
6 Articles
The AEX fell sharply on Tuesday, reaching a near two-month low. Investors fear that AI will have less of an impact on the economy. Furthermore, significant doubts remain about whether the Fed will lower interest rates in December.
Wall Street closed this Tuesday in red, weighed back by technology in the face of investors' doubts about the sustainability of artificial intelligence (AI) growth.
Thanks to Roche, the leading index SMI "only" falls by 0.92 percent to 12'481.95 points, while other major European exchanges are much more sluggish.
The New York Stock Exchange recorded losses today, amid concerns about the possible inflated valuation of shares of companies related to the artificial intelligence sector. The Dow Jones industrial average closed down 557.24 points (–1.18%), at 46,590.24 points. The Nasdaq index, which is dominated by technology company stocks, closed down 192.52 points (–0.84%), at 22,708.07 points. The broader S&P 500 index, indicative of the general trend, cl…
Stocks Fall as Investors Eye Upcoming Earnings Reports
timesng.com: New York, NY — Stocks retreated on Monday as Wall Street managed to maintain its nerves amid declines in the technology sector, awaiting significant earnings releases this week. The Dow Jones Industrial Average lost 617 points, or 1.3%, while the S&P 500 and Nasdaq Composite fell 1.2% and 0.5%, respectively. Key contributors to the decline […] This post Stocks Fall as Investors Eye Upcoming Earnings Reports appeared first on Stocks …
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