US EditionWall Street drifts as Nvidia, Tesla and Big Tech drop
- At 10:45 a.m. Eastern time on Wednesday, Wall Street was drifting in mixed trading, with the Dow Jones Industrial Average up 201 points, or 0.5%.
- This market behavior follows weeks of significant market fluctuations and the S&P 500's first correction since 2023.
- While the majority of U.S. Stocks were rising, Big Tech stocks were central to a recent sell-off, with Nvidia falling 4.7% and Tesla dropping 4.1% .
- Positive news included GameStop jumping 13.1% after reporting better-than-expected quarterly results and announcing plans to invest in Bitcoin, and Dollar Tree rising 7.6% following its decision to sell Family Dollar to private equity firms for $1 billion.
- Upcoming U.S. Tariffs and soured consumer and company confidence are causing businesses to potentially hold back on spending, although orders for long-lasting manufactured goods unexpectedly grew last month, and strategists warn that the sharp swings likely aren't over yet.
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Sydney Morning Herald+2 Reposted by 2 other sources
ASX falls as banks, tech stocks decline; Reject Shop soars on takeover bid
The Australian sharemarket has finished in the red as fresh tariffs on cars made outside America ended a brief reprieve from White House trade policy angst.
·Sydney, Australia
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San Diego Union Tribune+7 Reposted by 7 other sources
Nvidia, Tesla and other Big Tech drag Wall Street lower
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Drops for Nvidia, Tesla and other former superstars are dragging Wall Street lower on Wednesday. The S&P 500 was down 0.8% in midday trading. The Dow Jones Industrial Average lost an early gain of 230 points and was down 37, or 0.1%, shortly before noon. The weakness for Big Tech had the Nasdaq composite heading toward a market-leading loss of 1.5%. The group of dominant stocks known…
·San Diego, United States
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Coverage Details
Total News Sources26
Leaning Left5Leaning Right5Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 26%
C 47%
R 26%
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