The Daily
Tech stocks set to lose $1 trillion in value as skepticism of AI investement returns grows
Tech stocks plunged on Friday morning, setting the Nasdaq on course for a $1 trillion drop when the opening bell rings at 9:30 ET.
Amazon, which fell 7%, is among the companies leading the declines, as well as Intel, which fell 26%, NBC News reported.
While revenue climbed 21% from $13.7 billion a year earlier,
Nasdaq sheds more than 700 points as tech stocks slump
The Nasdaq Composite Index tumbled more than 700 points on Friday, a rocky close to October trading amid growing investor concerns about the health of the critical technology sector.
The rout followed a series of earnings reports from major tech companies that fell short of Wall Street’s expectations.
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Cathie Wood Shifts From AI Chips to Robinhood and Air Taxis in Latest ARK Trades
Cathie Wood just pulled millions out of two of this year’s hottest AI chip winners and poured it into a battered broker and a pair of air taxi startups burning through cash. The trades raise a pointed question: does ARK…
Cathie Wood’s ARK Invest spent Wednesday taking money out of two of 2026’s best AI chip stocks and putting it into a beaten-down broker and two air taxi developers.
Crypto ETFs Already Go Far Beyond Bitcoin. The SEC Wants to Know If Its Rules Have Kept Up
Quick Read
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Crypto ETFs now cover assets beyond Bitcoin and Ether, including Solana, and XRP, but trusts and registered funds carry different legal protections.
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The SEC asked 27 questions about novel ETF rules, scrutinizing staking products over lock-up periods that could prevent funds from meeting redemptions.
S&P 500, Nasdaq End Third Straight Week Lower As Investors Move Away From Tech, AI — AMZN, INTC, LLY, RBLX In Focus
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The S&P 500 ended Friday 2% lower, the Nasdaq 100 fell 3.5%, and the Dow Jones Industrial Average eased 1.1%.
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Intel Corp. slid the most in more than four decades after its outlook missed estimates.
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The Nasdaq 100 recorded its worst month since March last year.
Stock market rocked as investors dump tech shares; Nasdaq suffers worst day since June: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S.
Brendan McDermid | Reuters
The Nasdaq Composite tumbled on Friday, while the Dow Jones Industrial Average outperformed as traders moved out of key stocks related to artificial intelligence and into more defensive areas of the market.
Weekly Stock Market Summary: FOMC, BOJ, and Earnings Rush, Nikkei 225 Up 0.95% for the Week [October 26–30]
It was a week where central bank meetings in Japan and the U.S. coincided with a flurry of major earnings reports. The Nikkei 225 rose to the 64,600 yen level in the latter half of the week, before ending Friday with a 1,369 yen decline.
Here is a look back at what happened and what moved stock prices,
Only 36% of U.S. Workers Feel Financially Secure. A $70,000 Job at 64 Could Raise Social Security Even After Claiming
Most retirees assume going back to work while collecting Social Security means sacrificing one for the other, but the math behind a $70,000 salary at 64 tells a more complicated story about withheld checks, permanent raises, and what happens when…
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Hot Picks: Three U.S. energy stocks with growth catalysts
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.
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