Wall Street, stock market and Interest Rate
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Wall Street drifts around its records
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Gene Munster thinks Wall Street isn't factoring in a few key developments as analysts prepare for the chip giant's Q3 earnings report on November 19.
The U.S. stock market is tumbling toward its worst day in a month. The S&P 500 sank 1.5% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell 621 points from its own record set the day before,
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.
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Wall Street execs say the AI stocks dominating the market will soon be split into winners and losers
The days of all stocks relating to AI rising indiscriminately could be numbered.
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.
The U.S. stock market tumbled on Thursday to one of its worst days since its springtime sell-off, as Nvidia and other AI superstar stocks kept dropping on worries their prices shot too high. Also hurting the market were questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen.