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The S&P 500, down 1.8%, was on track to snap a nine-week winning streak. The Dow fell 400 points, or 0.8%, but is still up slightly on the week. David Donabedian, senior investment strategist at CIBC Private Wealth, told Barron’s that the action this morning began as a continued rotation away from AI winners.
Nvidia Selloff Deepens As Broadcom Outlook And Jobs Data Shake Investors
Nasdaq Tumbles as Rising Yields Trigger Brutal Tech Selloff
US equity indexes sank amid a slide in mega-cap chip names and government bonds, as strong jobs slas
Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise interest rates later this year to combat inflation and Wall Street wrestled with weakness in AI stocks.
Hyatt Hotels, PriceSmart and Voya Financial are hitting new highs Friday despite the stock market weakness.
Unlike other major indexes, the rules for the S&P 500 will not change.
US equity indexes slumped amid a sell-off in mega-cap chip names and government bonds, as a strong j
In New York, the Dow Jones Industrial Average was down 0.3%, the S&P 500 was 1.2% lower, and the Nasdaq Composite dropped 2.2%.
Is SanDisk's incredible bull run coming to an end?
As markets (^DJI, ^IXIC, ^GSPC) prepare for the public launch of SpaceX (SPAX.PVT) on June 12, should investors be skeptical of these mega-IPOs expected to sweep Wall Street? 9i Capital Group founder and CEO Kevin Thompson cites the circular investing occurring between Big Tech names and these pre-IPO companies — SpaceX, OpenAI (OPAI.PVT), Anthropic (ANTH.PVT). OpenAI and Anthropic have also filed to go public in 2026.
SpaceX is gearing up for the biggest IPO in history. Here's why investors could end up owning Elon Musk's rocket giant — like it or not.
The right investing strategy is more important than ever.
Nvidia recently gave Micron investors some good news, but investors are focused on other valuation catalysts today.
The Nasdaq is already on pace for its worst day since March. The tech-heavy index tumbled nearly 1.7%, which would be its biggest daily decline since it fell nearly 2.2% on March 27, according to Dow Jones Market Data.
Elon Musk is officially the world's first trillionaire following SpaceX's stock debut today, with the company's IPO price valuing his stake at nearly $870 billion on paper.
Elon Musk is poised to become the world's first trillionaire when SpaceX stock debuts next week, with the company's target IPO price valuing his stake at a considerable $866.5 billion on paper.
Planet Labs just published a beat-and-raise quarter. So why is the stock getting crushed?
Investors hope every stock they pick will go “to the moon”, but some companies take that more literally than others.
The Nasdaq fell again Friday amid ongoing struggles for AI stocks in the wake of Broadcom’s earnings earlier this week and ongoing concerns about spending among tech firms. The S&P 500 dropped 0.8%. The Dow fell 125 points, or 0.2%.
S&P Dow Jones Indices stated that it will not be changing its rules to fast-track SpaceX (SPAX.PVT) and other mega-IPOs into the S&P 500 index (^GSPC). Morning Brief Host Julie Hyman and Vanity Fair contributing editor Bethany McLean discuss SpaceX's valuation in the lead up to the space company's public launch a week from now. JPMorgan Chase (JPM) CEO Jamie Dimon hosted Elon Musk as part of SpaceX's (SPAX.PVT) pre-IPO roadshow, as the company sets its sights on an IPO price of $135 per share next Friday, June 12.
(Corrects day of the week to Friday from Thursday in paragraph 1) June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at market open on Friday as chip stocks eased after a sharp rally, while a
NEW YORK, June 5 (Reuters) - The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-
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