US stock market remains calm, even as oil prices rise
By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising.
The S&P 500 edged down 0.1% for a second day of modest moves following what had been a wild stretch caused by the war with Iran.
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Read More1 Millionaire-Maker Artificial Intelligence (AI) Stock To Buy
Key Points
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AI stocks have soared since ChatGPT was launched.
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Software stocks have tumbled on fears of disruption.
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Axon is rolling out some exciting new AI products.
More than three years after the launch of ChatGPT,
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures fall, oil surges as Middle East conflict escalates
US stock futures retreated on Thursday as oil prices pressed higher amid signs the Iran war is widening across the Middle East to further threaten disruption to energy supplies.
Dow Jones Industrial Average futures (YM=F) were down 0.5%, following a second straight mostly down day on Wall Street.
Read MoreStock 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 MoreSmall-Cap ETFs: SCHA Owns the Whole Neighborhood, IJR Checks the Financials First
The Burst
Why Buffett’s Buying This Beer Stock
In the second quarter, Warren Buffett quietly added nearly 1.4 million shares of Constellation Brands, bringing Berkshire Hathaway’s total stake to roughly just shy of $2 billion.
That’s a bold move at a time when the entire alcohol industry is facing a slump in consumption. But if history is any guide, Buffett tends to buy when sentiment is sour and value hides in plain sight.
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Read MoreThe Ivy
Nvidia’s Next Leg of Growth Could Be Massive
Over the past three years, demand for Nvidia’s GPUs has ballooned so fast that the company has entered a rare feedback loop. Every architecture upgrade sparks a new wave of orders from hyperscalers, which funds even faster improvement, which attracts even more demand. How long can this last?
If Jensen Huang is right,
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Read MoreThe Spotlight
Could Peloton Stock Deliver a 3-Bagger Comeback?
Remember when Peloton (NASDAQ: PTON) was the crown jewel of lockdown-era stocks? In early 2021, shares soared above $160, but today, it’s trading below $7.
The plunge may be the death knell for most stocks but here’s what might surprise most investors, beneath the wreckage, there are signs of a quiet but serious transformation.
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