What You Missed On Wall Street On Friday
The major averages had a mixed Friday as stocks attempted to recover from Thursday's tech-led selloff. Intel saw weakness despite a Q2 beat and technology remains the market's primary focus after Alphabet and Tesla sparked the biggest one-day decline in the S&P 500 and Nasdaq in about a month. Investors have grown increasingly concerned that soaring capital expenditures and cash burn tied to artificial intelligence may take longer to generate meaningful returns. In macro news, Pakistan is exploring a path towards a resumption of stalled talks between the U.S. and Iran, three Pakistani sources told Reuters. Although crude oil prices pulled back from their overnight highs, the commodity advanced for the week. Additionally, U.S. President Donald Trump said in a social media post that the European Union "will pay a very big price" for fines against U.S. tech companies. "The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment," Trump said. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Intel (INTC) reported better-than-expected Q2 results and.
The major averages had a mixed Friday as stocks attempted to recover from Thursday's tech-led selloff.
Intel saw weakness despite a Q2 beat and technology remains the market's primary focus after Alphabet and Tesla sparked the biggest one-day decline in the S&P 500 and Nasdaq in about a month.
Investors have grown increasingly concerned that soaring capital expenditures and cash burn tied to artificial intelligence may take longer to generate meaningful returns.
In macro news, Pakistan is exploring a path towards a resumption of stalled talks between the U.S. and Iran, three Pakistani sources told Reuters.
Although crude oil prices pulled back from their overnight highs, the commodity advanced for the week.
Additionally, U.S.
President Donald Trump said in a social media post that the European Union "will pay a very big price" for fines against U.S. tech companies. "The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment," Trump said.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: Intel (INTC) reported better-than-expected Q2 results and.