Stocks fall as yields and oil pressure equities
U.S. stocks fell Wednesday as rising bond yields and oil prices pressured equities and erased momentum from the artificial-intelligence rally.
By George Glover, Mariapaula Gonzalez, and Ty Roush Stocks fell Wednesday as rising bond yields and oil prices pressured equities, erasing momentum from an artificial-intelligence rally. 6% after Elon Musk downplayed Intel rival Taiwan Semiconductor Manufacturing's role in his Terafab chip venture. 9%. 23 even as the semiconductor industry faced a strike threat in Taiwan.
A. Davidson analysts raised their price target for shares to $3,000 from $2,100. 4% after the Financial Times reported the rocket and AI company was aiming to raise $40 billion to buy Nvidia chips. 9%.
6% and Deere dropped 3% after the Federal Trade Commission launched a probe into competition and business practices within the agricultural equipment and technology industries. Webull tumbled 20% following a report that a congressional committee claimed the brokerage company's ties to China pose a risk. S. customer data are stored and controlled within the states.
6%. Alphabet-owned Google and Unity Software launched an artificial-intelligence-powered game platform, Playground, that allows users to create games without prior coding experience. The new tool could lure users away from Roblox, enticing both young and older amateur gamers. 4%.
The food-safety company raised its fiscal 2027 guidance and now expects revenue to range from $885 million to $890 million, up from a prior outlook of $880 million to $885 million. 2% after the brewer beat analysts' second-quarter earnings target. The company also revealed weak underlying demand for two of its flagship brands -- Modelo Especial and Corona Extra. 5% after the company announced a new line of enterprise servers powered by the latest processors from Advanced Micro Devices.
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