The Nasdaq Composite (^IXIC 1.63%) and S&P 500 (^GSPC 1.12%) are in the red year to date. The Nasdaq Composite is down more than 10% from its high, while the S&P 500 is 7% off its high.
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By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stocks are falling Friday as Wall Street stumbles toward the finish of a fifth straight losing week, which would be its longest such streak in nearly four years.
The S&P 500 sank 0.7% and deepened its losses a day after its worst drop since the war with Iran began.
Shares of GDS Holdings (GDS) have gained 0.5% over the past four weeks to close the last trading session at $41.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $55.15 indicates a potential upside of 31.3%.
Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (KC) have gained 14.3% over the past four weeks to close the last trading session at $14.4, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets,
Ark Invest, the investment firm of notable tech investor Cathie Wood, shed millions of dollars’ worth of shares of major tech stocks on Thursday, significantly trimming positions in Nvidia and Meta while also diminishing its exposure to Bitcoin via its own Bitcoin ETF.
The firm’s Thursday activity saw it part with nearly $41 million worth of Meta (META) and more than $26 million in Nvidia (NVDA),
The Big Tech stock crash today is turning heads across Wall Street. Microsoft Corp has dropped nearly 34% from its 2025 peak, while Meta Platforms Inc slid over 3% in a single day. At the same time, NVIDIA Corporation, Alphabet Inc, and Tesla Inc are all under pressure.
Bonds sold off on Friday in a sign that investors are expecting the Federal Reserve to be more hawkish on interest rates amid concerns that surging oil prices could drive up inflation.
The 10-year Treasury (^TNX) yield, which moves inversely to bond prices, jumped as high as 4.46%, its highest level since July,
Although Charlie Munger passed away in 2023 and Warren Buffett stepped down from the CEO chair in 2025, Berkshire Hathaway (NYSE: BRK.B), new CEO Greg Abel has yet to make any meaningful strategic decisions of his own so far. According to CNBC,
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
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Fubo is one of this year’s biggest losers, and the stock is down almost 99% from its all-time high set in late 2020.
The combination with Disney’s Hulu + Live TV has yet to move the stock, but it does open new possibilities.
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