Category: EOD Summary

U.S. stocks fell sharply on Friday, ending a rough week and a bruising month for technology shares. Disappointing earnings from Amazon and Intel, following a steep drop in Alphabet the day before, renewed investor doubts about whether the huge sums Big Tech is spending on artificial intelligence will pay off. The Nasdaq Composite had its…

Wall Street closed lower on Thursday, with the Nasdaq Composite taking the brunt of the damage after Alphabet’s earnings revived worries about how much money Big Tech is pouring into artificial intelligence. The Dow Jones Industrial Average and S&P 500 slipped far less, cushioned by gains in health care and small-cap stocks. Fresh data showed…

U.S. stocks closed modestly higher on Wednesday, with all three major indexes finishing in positive territory after the Federal Reserve left interest rates unchanged. The central bank kept its benchmark rate at 3.75% to 4% in a 10-2 vote, with two officials preferring a quarter-point increase instead. Trading was calm around the decision, and the…

U.S. stocks finished higher on Tuesday, led by technology shares, as a rally in chipmakers carried the Nasdaq to its second straight gain. Optimism around artificial intelligence got a fresh boost after Anthropic publicly filed its IPO prospectus on Monday, while a pullback in oil prices on hopes of Middle East de-escalation eased some inflation…

Wall Street finished higher on Monday, with all three major averages posting gains as investors rebuilt confidence in artificial intelligence stocks after a choppy previous week. News that Anthropic filed to list on Nasdaq under the ticker ANT helped lift tech shares, while a pullback in oil prices eased some inflation worries. Traders also positioned…

Wall Street ended a choppy week on a down note Friday, with all three major indexes finishing lower as surging oil prices and lingering doubts about the AI spending boom weighed on sentiment. The blue-chip Dow Jones Industrial Average took the biggest hit, while the tech-heavy Nasdaq Composite held up best after steadying following Thursday’s…

Wall Street ended Thursday sharply split. A heavy selloff in technology and chip stocks pulled the Nasdaq and S&P 500 lower, while the Dow Jones Industrial Average managed to finish essentially unchanged thanks to gains in more defensive, slower-growth companies. Renewed worries about how much money is being spent on artificial intelligence, along with oil…

U.S. stocks finished higher on Wednesday, with technology shares leading the way as investors cheered strong quarterly results from SpaceX and positioned ahead of earnings from Tesla and Meta after the closing bell. All three major averages gained despite a jump in oil prices tied to an attack on a Saudi Aramco field, suggesting investors…

Wall Street finished Tuesday with a split decision. The Dow Jones Industrial Average climbed more than 1% and the S&P 500 added modestly, while the tech-heavy Nasdaq Composite slipped by a hair. Investors rotated toward healthcare, financials and industrial names, helped by solid earnings and a pullback in oil prices, while big technology stocks stalled…

Wall Street staged a lopsided recovery on Monday, with technology shares rebounding from last week’s sell-off while the Dow Jones Industrial Average slipped slightly. Investors bought back into beaten-down artificial intelligence and semiconductor names, easing worries about AI spending and financing costs that drove the Nasdaq to a 4.5% weekly loss, its worst week since…