More swings hit Wall Street
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Nvidia’s blowout earnings call—which came in way above expectations—simply wasn’t good enough to convince traders that AI may not be overcooked.
Friday’s rebound spared it. But it flinched. And in doing so, it revealed how fragile the current market cycle has become.
The S&P 500 fell almost 2% this past week as fears of an AI bubble led to sharp intraday market swings.
U.S. stocks were sharply higher on Friday as traders boosted bets on an interest rate cut by the Federal Reserve next month following remarks from policymakers and as shares of Nvidia rose following a report that the U.
The ongoing Bitcoin crash has claimed a major casualty: BlackRock (NYSE: BLK). Yes, the world's largest asset manager recently suffered its worst-ever rout when its spot Bitcoin exchange-traded fund (ETF) saw the largest sell-off in a single day.
The releases will provide key signals for investors after a significant market pullback.
Analysts see demand for high-grade AI hardware from Nvidia increasing in the coming quarters, staying upbeat even as investors fret over the AI trade.
4don MSN
Asia stocks sink on Wall Street decline; Japan plunges amid sell-off in JGBs and China tensions
Asia stocks trade in red on Tuesday followed Wall Street’s decline overnight ahead of the announcement of the jobs data and Nvidia’s quarterly results. Japanese markets were the worst performers of the day,