Category: EOD Summary
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Tech Selloff Deepens as AI Financing Worries Drag Nasdaq Down and Oil Climbs Toward $100
Wall Street ended a difficult week on a sour note on Friday, as a renewed slide in technology stocks pushed the major indexes lower. The Nasdaq Composite took the brunt of the damage, while the Dow Jones Industrial Average held up far better thanks to strength in energy shares. Investors continued to worry about how…
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Dow Climbs as Falling Yields Spark Rotation Out of Chips
Wall Street closed higher on Thursday, but the gains hid a sharp split beneath the surface. The Dow Jones Industrial Average jumped more than 1% as investors rotated into healthcare, consumer and defensive names, while the Nasdaq Composite eked out a tiny gain after a rough morning for technology. A pullback in Treasury yields from…
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Hot Inflation Report Sends Nasdaq Down 1.9% as Rate-Hike Fears Return to Wall Street
U.S. stocks fell on Wednesday after a hotter-than-expected inflation report revived worries that the Federal Reserve could raise interest rates again this month. Technology shares took the brunt of the selling, while the Dow Jones Industrial Average held up far better than the broader market thanks to strength in health care and other defensive areas.…
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Chip Stocks Slide for a Fifth Straight Session as Mixed Bank Earnings Keep Wall Street Flat
U.S. stocks ended Tuesday little changed to slightly lower, as a continued pullback in semiconductor shares and a mixed batch of big-bank earnings kept investors cautious. The S&P 500 barely moved, while the Dow and the Nasdaq Composite posted modest declines. The main theme was uneven strength under the surface: Apple hit a record high…
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Oil Jump Weighs on Nasdaq as Dow Edges Higher Ahead of Bank Earnings
Wall Street ended a quiet, mixed session on Monday as investors hit pause ahead of a busy stretch of corporate earnings and inflation data. The Dow Jones Industrial Average finished higher, while the S&P 500 closed almost unchanged and the Nasdaq Composite slipped. The main macro driver was a jump in oil prices of nearly…
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Wall Street Rebounds From AI Sell-Off as Oil Eases, Lifting All Major Indexes to Weekly Gains
U.S. stocks finished higher on Friday as a pullback in oil prices and a rebound in technology shares helped Wall Street recover from Thursday’s AI-driven slide. All four major indexes closed in positive territory, and the Dow Jones Industrial Average and S&P 500 both posted gains for the week. Investors are now looking toward next…
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Nasdaq Drops as OpenAI Revenue Report Rattles Chip Stocks and Oil Jumps
Wall Street ended mixed on Thursday, with technology shares dragging the Nasdaq and S&P 500 lower while the Dow Jones Industrial Average managed a small gain. Two forces drove the action: a sharp sell-off in semiconductor stocks after a report that OpenAI’s revenue is running well below earlier signals, and a jump in crude oil…
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Wall Street Pulls Back From Record Highs as Treasury Yields Climb
U.S. stocks slipped on Wednesday, giving back a little ground a day after the S&P 500 and Nasdaq Composite closed at all-time highs. The main pressure came from the bond market, where long-term Treasury yields jumped to their highest levels in more than two decades before easing. Higher yields make borrowing more expensive and can…
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S&P 500 and Nasdaq Notch Record Highs as AI Rally and Easing Bond Yields Lift Wall Street
U.S. stocks finished higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record highs during the session as investors piled back into artificial intelligence names. A pullback in Treasury yields from Monday’s multi-decade highs gave stocks extra room to run, since lower yields make borrowing cheaper and make stocks look more attractive compared…
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Nasdaq Hits Record Close as Cooling Oil and Rate Hike Fears Lift Wall Street
U.S. stocks finished higher on Monday, with the Nasdaq Composite setting a new record as technology shares led the way. Investors found comfort in a pullback in oil prices and in expectations that the Federal Reserve is less likely to raise interest rates this month, after Friday’s jobs report showed hiring slowed more than expected…