Tech stocks log worst day since 2020 as carnage comes to the AI trade
S&P 500 lost an estimated $2.9 trillion in market capitalization, the largest one-day loss of market value on record
S&P 500 lost an estimated $2.9 trillion in market capitalization, the largest one-day loss of market value on record
Some see another buying opportunity. Others fear the worst isn’t over. A market rout is testing the instincts of a generation raised on quick rebounds.
Investors worry a divided Washington could derail “Elon, Inc.”
After a tech-led meltdown in the stock market, the October jobs report on Friday morning could bring investors some encouraging news — or add to their misery.
A punishing selloff in the tech space caused carnage in the stock market Thursday, one day after equities saw a big bounce after the Democrats swept Tuesday’s midterm elections.
Wall Street is digesting the prospect of a slower AI buildout in the wake of the midterm election results.
Portfolio managers say chip demand should be resilient even in a period of political uncertainty.
One year’s worst performers often beat the market the next
Bloom Energy shares got swept in by tech stocks’ sharp selloff Thursday, as investors fretted that the data-center buildout was at risk of stalling in the aftermath of the U.S. midterm elections.
A record $8 trillion in cash is now also on the sidelines in U.S. money-market funds, according to the Investment Company Institute.
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