Wall Street has its worst day in a month
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Stock futures have inched up following the market's worst day in over a month, erasing weeks of gains and pulling back from record highs.
The Cboe Volatility Index, better known as the VIX or Wall Street's "fear gauge," is on the rise once again on Thursday with stocks headed for another tech-driven selloff. The fear gauge was up 11% in recent trade at 19.
Wall Street's broader market averages are under heavy pressure on Thursday afternoon with the Nasdaq Composite (COMP:IND) dropping over 2% and both the S&P 500 (SP500) and the Dow (DJI) both lower by 1.
Pressures simmering in the $12 trillion market that serves as a critical source of day-to-day funding on Wall Street are spurring a growing chorus of calls for a more forceful Federal Reserve response to ease the pinch.
The future of every financial institution on Wall Street is to be “always on,” says Singapore-based ViewTrade’s chief growth officer.
The long-awaited bill is finally taking shape and traditional finance is calling it the biggest regulatory overhaul since Dodd-Frank.
Alibaba reportedly preps revamp of AI app to resemble ChatGPT. China's Baidu sets stage for new AI chips at its annual tech event. Jobs, CPI reports for October may never be released - WH.
All month, investors have been rotating out of this year’s hottest tech stocks into less favored sectors. That trend was still in place to an extent on Thursday. But weakness was also more broad-based,