What is the latest on Wall Street?
Asked 2 hours ago
Answer
Wall Street is rebounding after a significant sell-off, with the S&P 500 aiming to end a four-day losing streak. Major tech stocks have pressured markets, and investors are closely watching upcoming earnings from NVIDIA, Target, and Lowe's. Recent declines are linked to concerns over an AI bubble and high valuations. Market volatility is also influenced by delayed government data and uncertainty about Federal Reserve rate cuts.
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S&P 500 tries to snap 4-day losing streak
- Wall Street points to a higher open after major indices experienced significant losses, with the S&P 500 dropping for a fourth straight session.
- Tech stocks, including NVIDIA, Microsoft, and Palantir, closed in the red and continue to pressure the markets. 14s
- NVIDIA is in focus as it reports earnings after the market close, with Target and Lowe's also releasing results. 20s
- TikTok is testing a new setting to let users see less AI-generated content in their feeds, with rollout expected in the coming weeks. 26s
- Stellantis EV owners will be able to access Tesla's supercharger network starting next year, as the automaker adopts the North American Charging Standard. 37s
References
Wall Street points to a higher open after the Dow fell nearly 500 points, Nasdaq lost over 1%, and S&P 500 dropped for a fourth straight session, its longest slide since August. Markets are pressured by big tech stocks, with NVIDIA, Microsoft, and Palantir all closing in the red. NVIDIA's earnings report is highly anticipated.
The Dow closed down nearly 500 points, driven by a tech stock slump amid concerns about AI company valuations and fears of an AI bubble. Major tech companies like NVIDIA, Microsoft, and Amazon ended in the red. Despite volatility, markets remain up for the year.
Stocks closed mixed after Wall Street's worst day in a month. Delayed government data and uncertainty over Federal Reserve rate cuts are contributing to market volatility. The government shutdown disrupted key economic reports, and some data will be released over a month late.