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Quick Summary
Shares of Nvidia traded slightly higher over the past month. The rally reflects a renewed conviction in the tailwinds of AI infrastructure,
» Read more about: ChatGPT Thinks Nvidia Stock Will Close At This Price In The Next 60 Days »
The stock market was hit with a wave of selling on Tuesday as traders dumped some of the market’s highest-flying tech names and reacted to a spike in oil prices.
On the tech side, investors have been wary of high valuations for months, and are anxiously watching for signs that the AI trade is under pressure.
» Read more about: Tech stocks are leading a fresh market sell-off as oil prices spike »
Feb 3, 6:19 pm
Decrypt
Ark Invest increased its exposure to crypto assets like Coinbase, Circle, and BitMine Immersion Technologies following Bitcoin’s price drop. The firm acquired millions worth of shares in Circle and BitMine,
» Read more about: News Explorer — Bitcoin Is Falling, But Cathie Wood Keeps Buying Crypto Stocks »
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» Read more about: NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Retreats As PayPal Dives 19% »
US stocks sank on Tuesday as investors digested a wave of tech-focused earnings, while precious metals jumped to continue their wild ride and a partial government shutdown neared an end.
The tech-heavy Nasdaq Composite (^IXIC) sank nearly 2%, with its sell-off gaining steam throughout the day.
President Donald Trump said Monday the United States plans to lower tariffs on goods from India to 18 percent, down from 25 percent, after Indian Prime Minister Narendra Modi agreed to halt purchases of Russian oil, a move Trump cast as both an economic reset and a step toward ending the ongoing war in Ukraine.
» Read more about: Donald Trump Announces New Trade Deal With India »
Software and data-services stocks faced heavy selling after Anthropic released a productivity tool for in-house lawyers. The tool was described as automating tasks like contract review and legal briefings. The release sharpened investor concerns about competitive pressure across legal publishing and analytics.
Selling spread quickly across exposed firms with similar revenue models.
US stocks sank on Tuesday as investors digested a wave of tech-focused earnings, while precious metals jumped to continue their wild ride and a partial government shutdown neared an end.
The tech-heavy Nasdaq Composite (^IXIC) sank nearly 2%, with its sell-off gaining steam throughout the day.
US stocks sank on Tuesday as investors digested a wave of tech-focused earnings, while precious metals jumped to continue their wild ride and a partial government shutdown neared an end.
The tech-heavy Nasdaq Composite (^IXIC) sank nearly 2%, with its sell-off gaining steam throughout the day.