Stock market today: Nasdaq pares losses as chip stocks sell off, S&P 500 and Dow rise
US tech stocks diverged on Tuesday as a sell-off in chip stocks underscored concerns about AI circular financing deals, countering a drop in oil prices and earnings optimism.
The Nasdaq Composite (^IXIC) pared losses to fall 0.1%. The S&P 500 (^GSPC) rose 0.3%,
Read More2 Energy Stocks You Won't Regret Buying in July
As has been the case for much of the past five months, the situation in Iran is best characterized as “day to day” and “fluid.” While the on-again, off-again nature of the war and related peace talks is frustrating to investors, those holding energy stocks don’t mind.
For the month ending July 27,
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Read MoreNasdaq 100 slides into correction as tech stocks sell off
Chip stocks around the world sold off sharply on Tuesday, the latest chapter in the months long jitters surrounding artificial intelligence, memory and chip stocks.
The sell off briefly pushed the Nasdaq-100 index into correction territory, which is a drop of 10% or more from its most recent record high. The influential index tracks the top 100 non-financial companies traded on the Nasdaq exchange.
» Read more about: Nasdaq 100 slides into correction as tech stocks sell off »
Read MoreMorgan Stanley unveils Ethereum, Solana ETFs with lowest fees, staking rewards
Morgan Stanley has launched new ETFs focused on Ethereum and Solana, offering the lowest fees in the market alongside staking rewards. These spot crypto ETFs hold ETH and SOL directly, differentiating them from futures-based alternatives. The introduction of staking capabilities allows the funds to earn network rewards, with 95% of these rewards returning to the funds,
» Read more about: Morgan Stanley unveils Ethereum, Solana ETFs with lowest fees, staking rewards »
Read MoreFed Decision and Big Tech Earnings Dominate Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Thursday as investors weighed the Federal Reserve’s latest interest rate decision alongside a fresh wave of earnings from major technology companies. While the Fed left interest rates unchanged, a divided vote and persistent inflation concerns kept markets cautious. Investors also reacted to sharply different post-earnings performances from Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META),
The Burst
NVIDIA’s $600 Billion Wipeout, Is the AI King Losing Its Edge?
The $2.8 trillion chip juggernaut NVIDIA Corporation (NASDAQ:NVDA) announced Q4 earnings, and clearly disappointed the Street. There has been a lot of noise around stock based as well as the threat of generative AI technology from China – DeepSeek in particular – which has put the share price under serious pressure.
» Read more about: NVIDIA’s $600 Billion Wipeout, Is the AI King Losing Its Edge? »
Read MoreThe Ivy
What If You’d Invested $2,000 in O’Reilly Automotive in 1993?
Imagine putting $2,000 into a stock and forgetting about it. No fiddling, no panic-selling, no checking your account every day. You look up a few decades later and you discover your modest investment has ballooned into more than $1 million.
That’s not a fantasy. That’s what actually happened if you invested in O’Reilly Automotive (NASDAQ: ORLY) when it went public 32 years ago.
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Read MoreThe Spotlight
1 Royal ETF To Buy Without Hesitation
Five years ago when I last visited Saudi Arabia, the kingdom closely resembled the image many westerners might imagine.
First, it was challenging just to figure out how to get a visa. The answer lay in a dark room in a difficult-to-access New York building. Upon arrival, there was no such thing as socializing with women.