We’ve been through these “ups and downs” before, says Eric Taylor, president of wealth management firm Tompkins Financial Advisors.
Advisors are navigating a rough week for the tech sector, which has seen stocks plunge as fears about AI’s impact send shockwaves through the market.
The software sector has taken a particular pummeling,
Defiance ETFs Launches ASTN: The First 2X Short ETF of AST SpaceMobile Inc.
Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Short ASTS ETF (Ticker: ASTN), expanding its lineup of innovative single-stock leveraged ETFs designed for sophisticated traders seeking precision tools for short-term market expression.
» Read more about: Defiance ETFs Launches ASTN: The First 2X Short ETF of AST SpaceMobile Inc. »
Stock futures pointed higher Friday, a day after major indexes sank amid risk-off sentiment. Still, the Nasdaq and S&P 500 were poised to register sharp weekly losses.
Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures were up a respective 0.6%, 0.5%, and 0.5%.
Treasury Secretary Scott Bessent has faced questions from the United States Senate about President Donald Trump’s ongoing campaign to slash interest rates, despite concerns that such a move could turbo-charge inflation.
Bessent appeared on Thursday before the Senate’s Financial Stability Oversight Council.
list of 3 itemsend of list
There,
» Read more about: US treasury secretary declines to rule out future Federal Reserve lawsuits »
Major technology companies like Alphabet, Meta Platforms, and Microsoft are investing a combined hundreds of billions of dollars per year to build artificial intelligence (AI) data centers.
NEW YORK (AP) — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market.
The S&P 500 fell 1.2 percent for its sixth loss in the seven days since it set an all-time high.
» Read more about: Falling tech stocks, plunge for bitcoin hit Wall Street »
Big Tech companies have seen over $1 trillion wiped from their market cap over the past week, as fears over AI spending sparked a sell-off.
Feb 6 (Reuters) – Cboe Global Markets posted a rise in fourth-quarter profit on Friday, as elevated market volatility helped boost options trading volumes at the exchange operator. Markets have seen a …
» Read more about: Cboe’s fourth-quarter profit rises on options trading boom »
