Nasdaq Falls 2.6% as AI Trade Worries Hit Tech Stocks, Meta Drops
TLDR
- The Nasdaq fell 2.6% on Thursday as AI trade worries returned after Tesla and Meta earnings.
- Meta dropped nearly 7% and CoreWeave sank 10%, while Blackstone climbed 8%.
- Brent crude rose to $113 a barrel after reports of possible renewed attacks on Iran.
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Read MoreWe're Witnessing the Stock Market Do Something for Only the 3rd Time in the Last 100 Years, and History Is Crystal Clear on What's Next for Stocks
With nearly 10 months in the books, 2026 has shaped up as another stellar year for Wall Street and investors. As of the closing bell on Oct. 19, the timeless Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-inspired Nasdaq Composite (NASDAQINDEX:^IXIC) had rallied 8.1%,
Buffett doesn't buy just because 'the stock price has fallen.' How beginners in US stocks can learn to distinguish between cheap and undervalued
There is not a day that goes by without seeing Warren Buffett’s name in introductory books or news about US stocks. As someone called the ‘world’s greatest investor,’ many beginners likely assume that when stock prices fall significantly, he must immediately move to buy. They probably think he is always ready to jump in.
Read MoreDefying The Skeptics, The Economy Is Humming
24.35K Followers
Lawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management.
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Read MoreSM Energy (SM) Stock Slides as Market Rises: Facts to Know Before You Trade
SM Energy (SM) closed the most recent trading day at $39.07, moving -2.69% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The independent oil and gas company’s stock has climbed by 19.67% in the past month,
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Read MoreThe Burst
How Zuckerberg Can Seize The Next Trillion
CEO Mark Zuckerberg doesn’t get as much credit as he may deserve for his ferocity and tenaciousness. As the head of Meta, he is widely viewed as the dorky tech guy who stumbled upon a great idea and just happened to build a big social media business.
The truth is he’s a harsh competitor,
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Read MoreThe Ivy
75 Billion Reasons To Own Google
Alphabet (Google’s parent) has significantly ramped up research and development spending in recent years. In 2022, Google spent about $39.5 billion on R&D, which jumped to $45.4 billion in 2023. This ~15% increase was driven largely by higher personnel costs (adding thousands of engineers) and one-time charges like office space consolidation.
R&D now represents roughly 15% of Google’s annual revenue,
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Read MoreThe Spotlight
Insights: 1 Sporting Stock Billionaire Bet $500 Million On
When Stephen Mandel makes a big bet, it’s worth finding out why. He’s the President and portfolio manager at Lone Pine Capital, a $10 billion fund based in Greenwich, Connecticut.
As we analyzed his portfolio, it became clear why he’s running a billion dollar fund – just about every stock in his portfolio is undervalued on a discounted cash flow forecast basis.
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