Topic
technology stocks
Business AI Stocks Sink Again, Pulling Wall Street Towards Weekly Loss as S&P 500 Falls 0.6%
Wall Street fell on Friday as another sharp selloff in AI-linked stocks pushed the S&P 500 towards its second weekly decline in 13 weeks. The S&P 500 dropped 0.6%, the Nasdaq Composite fell 1%, and the Dow lost 223 points. Losses were led by Micron Technology (-5.5%), while Asian markets also tumbled, with Japan's Nikkei down 4.2% and South Korea's KOSPI off 5.8%.
Business Wall Street Opens Higher as AI Stocks Rebound; Nasdaq Gains 0.8%
Wall Street opened higher on Monday, led by a rebound in AI stocks. The S&P 500 rose 0.4% and the Nasdaq Composite gained 0.8%. Major movers included Broadcom (+5.7%), TeraWulf (+16.9% on a $19B Anthropic deal), and SpaceX (+2.4% ahead of Nasdaq 100 inclusion). Markets also weighed SK Hynix's planned $28 billion US listing and OPEC+'s production increase.
Business $1.3 Trillion Lost as AI Rally Slows; Nvidia, Micron Plummet
A slowdown in the AI rally has led to a $1.3 trillion loss on Wall Street, with semiconductor stocks like Nvidia and Micron experiencing significant declines. Strong US jobs data and geopolitical tensions add to market uncertainties.