High-flying stocks came under heavy selling pressure as investors reassessed valuation and questioned the sustainability of debt-fueled AI capex spending.
Investors continued to pour additional capital into defensive stocks in the industrial, healthcare, and general retail sectors. Investors are holding out for one more rate cut before the year's end.
Investors continued to rotate out of high-flying tech stocks into defensive sectors amid worries about the stretched valuations and a slowdown in AI spending.
Stocks on Wall Street retained an upward bias for the second consecutive day after the U.S. Senate passed a resolution to reopen the federal government.
Stocks on Wall Street, in Europe, and in Asia rebounded on optimism that U.S. lawmakers are inching closer to ending the longest federal government shutdown.
The S&P 500 and the Nasdaq Composite are set to close the volatile week on a down note amid rising uncertainty about the Trump administration's trade policy, stretched tech stock valuations, and prolonged government shutdown.
The U.S. Supreme Court is set to hear oral arguments in two cases involving Trump's tariffs on U.S. imports. Many lower court judges widely view the president's use of emergency powers to impose steep tariffs as presidential overreach.
Wall Street indexes headed lower amid worries about the market rally's concentration in mega-cap tech stocks and faltering breadth in the recent rebound.
U.S. benchmark indexes hovered near record levels, rare-earth mineral miners retained upward bias, and AI-linked mega-cap stocks gained. Gold and silver extended recent losses.
Wall Street indexes rebounded on Friday as investors reviewed a fresh batch of earnings from Exxon Mobil, Chevron, Amazon.com, Apple Inc., Cloudflare, and Coinbase.
U.S. stocks headed lower after investors reviewed a fresh batch of Big Tech earnings. The U.S. and China announced plans to roll back sky-high tariffs and ease restrictions on rare-earth mineral shipments.
