Stock Market Today (LIVE): Tesla's AI Mimics Microsoft; MercadoLibre Expands In Argentina
Today’s Highlights
📌 Top story — scroll down for more updates
Closing Bell
4:05 pm — ORCL +9.2% today
The Dow closed down nearly 300 points Wednesday as intensifying naval conflict in the Strait of Hormuz pushed West Texas Intermediate crude up 4% to $87.
Read MoreHold on — tech stocks are a safe haven now?
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» Read more about: Hold on — tech stocks are a safe haven now? »
Read MoreCathie Wood buys $27 million of battered tech stock
Cathie Wood, head of Ark Investment Management, likes to make bold bets, even when the stocks she picks are down for a while.
That’s what she just did, buying a stock that’s down more than 30% year to date.
Wood often views sharp pullbacks as buying opportunities.
» Read more about: Cathie Wood buys $27 million of battered tech stock »
Read MoreMPs to investigate ‘unfair’ student loan interest rates
MPs have launched an investigation into interest rates on student loans amid widespread discontent with the repayment terms.
The Treasury Select Committee, a cross-party group of MPs, said they would look into how interest rates and repayment thresholds burdening graduates as increasing numbers express dissatisfaction with the terms of their loan.
» Read more about: MPs to investigate ‘unfair’ student loan interest rates »
Read MoreWorried About a Stock Market Crash? This 1 Move Will Make or Break Your Portfolio Right Now.
Key Points
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With recession concerns growing, it’s wise to review your investing strategy right now.
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Strong stocks are far more likely to pull through periods of volatility.
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There are several factors to consider when examining your portfolio’s overall health.
The Burst
Is IonQ’s Meteoric Rise a Breakthrough or Bubble?
IonQ has become one of the hottest names in quantum computing. The Maryland-based firm is pioneering trapped-ion technology, which uses charged atoms to process information in ways classical computers can’t.
Since its 2021 debut, IonQ’s stock has rocketed roughly 450%, including nearly 300% over the past year. Such explosive gains raise a tough question of whether IonQ the future of computing,
» Read more about: Is IonQ’s Meteoric Rise a Breakthrough or Bubble? »
Read MoreThe Ivy
Brand Name Stock with Room to Run
Entertainment may have expanded well beyond Los Angeles, but its center of gravity hasn’t moved. From its base in Burbank, The Walt Disney Company continues to operate a global engine that spans film, television, streaming, sports, parks, merchandise, and travel. Competitors like Warner Bros.
Discovery and Skydance may circle potential mergers, but even a combined entity wouldn’t approach the depth or global reach Disney has spent generations building.
» Read more about: Brand Name Stock with Room to Run »
Read MoreThe Spotlight
Could Lemonade’s AI Insurance Engine Turn $1 Billion Into $10 Billion
After months of market jitters, earnings season has brought a wave of upbeat results, and stocks tied to improving outlooks are rallying hard.
Many investors who sat on the sidelines during the downturn are now realizing they may have missed some exceptional entry points.
But the best opportunities are about finding businesses with a runway long enough to turn today’s price into tomorrow’s fortune.
» Read more about: Could Lemonade’s AI Insurance Engine Turn $1 Billion Into $10 Billion »