Tech selloff pushes down Nasdaq, S&P 500
Digest more
It was a mixed day on Wall Street, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closing in the red. The Dow Jones Industrial Average (^DJI) closed higher, but only by 10 points. Yahoo Finance Markets and Data Editor Jared Blikre recaps the action at the close while Defiance ETFs CEO and CIO Sylvia Jablonski weighs in on the day's trading.
The SPDR S&P 500 exchange-traded fund (SPY) currently has a consensus Moderate Buy rating among 504 Wall Street analysts. That rating is based on 425 Buy, 73 Hold, and six Sell recommendations issued in the last three months. The average SPY price target of $718.24 implies 13.47% upside from current levels.
Markets are red, as investors saw a mixed batch of earnings, and are set for the Federal Reserve’s meeting minutes release. Remember, markets are looking for any sign of a potential rate cut by September.
6h
Investor's Business Daily on MSNStock Market Today: Dow Trips As Nasdaq Falls; Palantir Tests Key Level As Retail Stock Breaks Out (Live Coverage)
T he Dow Jones Industrial Average slipped into negative territory while a steeper fall for the Nasdaq put it below a key level in afternoon trade Wednesday. Several retail stocks moved on earnings, and artificial intelligence software maker Palantir Technologies PLTR was driving toward its sixth straight loss on the stock market today.
14h
Cryptopolitan on MSNNasdaq suffers sharpest drop since August as AI optimism fades
US technology shares slid on Tuesday in New York trading due to fresh doubts about the boom in artificial intelligence.
4h
TV News Check on MSNDow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16
Wall Street steadied Wednesday after Nvidia, Palantir and other AI stars trimmed their losses. The post Dow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16 appeared first on TV News Check. The post Dow Adds 16,
The Nasdaq Composite(NASDAQINDEX: ^IXIC) has been a key player in stock market gains and enthusiasm over the past two years. This tech-heavy index has charged ahead, delivering double-digit gains ...
Stocks fell Tuesday, led by a decline in shares of major technology companies, ahead of a flurry of retail sector earnings reports in the coming days and a key speech from Federal Reserve Chair Jerome Powell later this week.