Wall Street steadies in mixed trading
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This week’s market decline has tech investors heading for the doors.
All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.
1don MSN
Why Wall Street analysts see the tech-sell-off as overblown, and fueled by 'fear, not fundamentals'
Tech stocks are trading lower as investors assess whether AI could upend current software leadership. Analysts say the market reaction is overblown.
The action in stocks on Thursday showed just how quickly simmering concerns in one corner of the market can boil over into a large-scale rout.
A slide in tech stocks intensified Wednesday, spreading from software into semiconductor shares and other companies linked to the infrastructure build-out for artificial intelligence. The Nasdaq composite posted consecutive 1% declines for the first time since April’s tariff chaos.
Amazon stock has been a laggard among its Magnificent Seven peers, but Wall Street is bullish that the latest results will show AI-driven strength.
Amazon is on the docket to release fourth-quarter earnings after the stock market closes Thursday, and analysts remain optimistic that the company can deliver another solid report. Analysts polled by LSEG estimate that the "Magnificent Seven" tech titan will earn $1.
Amazon reports Q4 earnings Thursday, capping a tech earnings season dominated by a single question: whether the industry's AI spending binge will ultimately be worth it.
The remote positions are advertised as 8.5-hour work days, compared to the typically grueling investment banking hours.
Shares of TSMC (TSM) have gained 2.2% over the past four weeks to close the last trading session at $325.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication.
HONG KONG (AP) — U.S. futures and Asian shares traded mostly lower on Friday, tracking Wall Street’s losses as technology stocks again dragged on markets. Bitcoin sank to roughly half its record price, giving back all it gained since U.S. President Donald Trump won the White House for his second term.