U.S. oil and gas stocks present different investment cases across producers and service providers. Valuations and the timing of future growth are central to assessing those opportunities.
» Read more about: Hot Picks: Three U.S. energy stocks with growth catalysts »
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All three main equity indexes gapped down at Friday’s open, as the rotation out of technology and artificial intelligence infrastructure accelerated to a frightful pace on All Hallows Eve.
» Read more about: Nasdaq Falls Another 747 Points as Intel Is Way Outside: Stock Market Today »
The stock market was hammered Friday after Intel’s (INTC) earnings and wider worries about spending on artificial intelligence technology caused a broad sell-off. Some notable AI-related quarterly reports, midterm elections in the U.S., and the latest jobs report now loom. The Nasdaq composite suffered its worst day since June as it plummeted 2.9% Friday,
The latest stock market wobble has a familiar shape to it. Semiconductor and AI-adjacent stocks have led the slide, with the group that powered this year’s rally now trading in bear-market territory after dropping more than 20% from their June peak. The worry isn’t that these companies are doing poorly, it’s that investors paid up for earnings still years away from showing up.
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Apple and the latest jobs report are on tap, but midterm elections will take center stage for investors. The stock market started off last week fine, but ended poorly. The Nasdaq fell as Google-parent Alphabet (GOOGL),
On October 29, the three major US stock indices all fell for the first time in four trading days. Following earnings reports from major technology companies released after the previous day’s close, concerns over AI-related capital expenditure burdens and cloud growth rate forecasts weighed on the market. The tech-heavy Nasdaq fell significantly, down 365.13 points (1.38%) to 26,184.72.
Tech stocks tumbled for the second day in a row as concerns rise over the hundreds of billions of dollars firms are investing in artificial intelligence (AI).
Shares in Intel plummeted by 28% on Friday, while Google owner Alphabet saw its stock price continue to fall another 1.4% after a 12% plunge on Thursday.
» Read more about: US tech stocks see sharp falls as AI spending nears $1tn »
By STAN CHOE, AP Business Writer
NEW YORK (AP) — A sell-off for tech stocks got even worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
The S&P 500 tumbled 1.8% for its worst day since June,
» Read more about: The sell-off for tech stocks worsens and overwhelms Wall Street »
Investors looking to diversify beyond the struggling artificial intelligence trade should consider consumer staples stocks, CNBC’s Jim Cramer said Friday.
The Nasdaq-100,
Investing in the stock market means you always have to keep an eye out for risks. Stocks don’t always go up. Sometimes we have to contend with a long-term bear market, in which stocks fall 20% (or more) from recent highs.
The most recent bear market was in 2022, when the S&P 500 index (^GSPC -1.82%) declined about 18% for the year on a total return basis.
» Read more about: These 3 Big Risks Could Cause the Next Bear Market. I'm Investing Anyway. »