Losses for Big Tech pull Wall Street
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After testing all-time highs, the major indices are in the red this morning. Dow futures are down 301 points. Nasdaq futures are down 344, as the S&P 500 sinks about 70 points. All thanks to a decline in Palantir’s overvalued shares,
With the major indices rocketing higher on cooling trade tensions, inflation, hot earnings, and unstoppable AI momentum, analysts are still upgrading big tech names. Nvidia (NASDAQ: NVDA): Loop Capital just reiterated its buy rating on the stock,
U.S. stock index futures ticked higher on Wednesday, with Nvidia on track to become the first company to surpass $5 trillion in market value, while investors awaited the Federal Reserve's rate decision and results from Big Tech firms.
Más ganancias para Nvidia, Amazon y otras superestrellas de la IA impulsaron a Wall Street el lunes. El S&P 500 subió 0,2% y se acercó a su
The pressure is on to deliver growth because that’s one way they can quiet criticism that their stock prices have shot too high in recent months.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
Stocks fell sharply to start the day on Tuesday as Wall Street sold highflying technology stocks in the wake of Palantir Technologies' latest earnings report. The Dow Jones Industrial Average fell 331 points, or 0.7%. The S&P 500 was down 1.1%. The Nasdaq Composite dropped 1.5%.
Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside.