AI Rally Faces Test as Investors Turn to Earnings
Wall Street is focused on upcoming quarterly results from key companies including Meta Platforms, as recent stumbles in AI-linked stocks test investor confidence in the rally.
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BUZZ — US stocks weekly: AI unwind
* S&P 500 drops 1.9% as AI jitters exact a toll.N * Dow adds 0.7%, but tech-heavy Nasdaq Composite sheds 4.5% * Dow tries to build a base, but resistance looms ahead * This as tech's lead over banks faces another test * US 10-Year Treasury yield spikes to as high as about 5.33%, then pulls back to end around 5.09% as i
Anthropic IPO risk centers on revenue quality, veteran says
A former Goldman Sachs and JPMorgan executive said Anthropic’s biggest IPO risk is revenue quality, citing a mismatch between contract-based costs and usage-based revenue.
Stock Market Today: Dow Futures Gain, S&P 500 Slips as US and Iran Exchange Strikes—Saratoga, Exxon Mobil, Levi Strauss in Focus
U.S. stock futures were mixed on Monday, as the Dow Jones index advanced, while the Nasdaq 100 and S&P 500 indices fell, following Friday’s higher close. Late Sunday, global markets turned cautious after the U.S. launched another round of strikes against Iran, fueling a rally in crude oil prices and weighing on U.S. st