The bloodbath in AI stocks paused on Friday.
The tech sector was pummelled in Thursday’s session as investors took in the Democratic victory in the midterms and panicked over the possibility of a data center moratorium in key states. Investors were breathing a little easier as the week wound down,
» Read more about: Tech stocks rebound after AI fears spark the worst rout in 19 months »
Catch up on the fourth Annual Meeting of the Investing Club with Jim Cramer. He provides his take on the current state of the market, and Jeff Marks joins Jim to share their perspective on the Club’s entire portfolio.
» Read more about: Watch the fourth Annual Meeting of the Investing Club with Jim Cramer »
Interest rates have been rising in this economy for a whole bunch of reasons. The Fed has raised rates, for one, to try to deal with a persistent inflation problem. The federal government’s also piling on debt. So are data center developers and tech companies.
$21.64+$3.61 (+20.02%)
NASDAQ · As of 4:00 PM ET 11/06/26
Iren (IREN +20.02%), a vertically integrated AI cloud infrastructure provider,
» Read more about: Stock Market Today, Nov. 6: Iren Soars 20% on Strong AI Cloud Revenue Growth »
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Investors holding the gold miner Agnico Eagle Mines (AEM) alongside an S&P 500 fund may have noticed its shares rise 7.5% in the five sessions to November 5,
» Read more about: Is Agnico Eagle Stock Increasing Your Market Risk? »
The US labor market has been amazingly resilient in the face of a barrage of economic shocks.
The unemployment rate has been at or under 4.5% for a record-setting five years and Friday’s stronger-than-expected jobs report for October showed that employers are hiring at one of the fastest clips in the past three years.
» Read more about: Could the ‘blue tsunami’ jolt the US job market back to life? »
NEW YORK/LONDON, Nov 6 : Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US regulations for the AI industry.
The benchmark S&P 500 and the Nasdaq finished higher,
» Read more about: Wall Street stocks rally after heavy AI-related selloff »
JJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).
Key Takeaways:
Phew!
» Read more about: Tech Stocks Rebound but Nasdaq Is Still in Correction Territory »
