U.S. stocks rose on Friday, set to bounce back from a bruising week in tech, as Wall Street reassessed concerns about the impact of AI disruption and the risks of big Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, rising more than 1.5%, or more than 700 points. The S&P … Read more
U.S. stock futures rose early on Friday, cautiously pointing to a rebound from a bruising week in technology, as Wall Street reassessed concerns about the impact of AI disruption and the risks of Big Tech’s big spending. S&P 500 futures ( ES=F ) rose 0.4 percent, while Nasdaq 100 futures ( NQ=F ) rose about … Read more
The S&P 500 (SNPINDEX: ^GSPC) has added 1.5% year to date, and the benchmark is currently half a percentage point off its all-time high. However, several Federal Reserve officials (including Chairman Jerome Powell) have warned investors that stock prices are high by historical standards. Wall Street anticipates double-digit gains in the S&P 500 in the … Read more
Change is a constant on Wall Street, with innovation, competition, mergers and acquisitions and bankruptcies regularly shuffling the stock market’s “rankings.” The rise of artificial intelligence (AI) has helped propel Taiwan Semiconductor Manufacturing and Broadcom past the $1 trillion plateau in 2024. However, AI is not the main growth driver for an industry leader that … Read more
U.S. stock futures sank on Thursday as Oracle ( ORCL ) earnings revived concerns about artificial intelligence trading, taking the wind out of Wall Street’s rally following the Federal Reserve’s latest interest rate cut. Contracts on the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 0.8% and 1.2%, respectively. Dow Jones Industrial Average (YM=F) … Read more
Tepper’s hedge fund Appaloosa trimmed its positions in Alphabet and Amazon in Q3. However, the billionaire loaded up on Qualcomm. Analyst views on Qualcomm are mixed, but the stock’s valuation and growth prospects look attractive. 10 Stocks We Like More Than Qualcomm › Hedge fund managers and Wall Street analysts have several things in common. … Read more