Software Shares Trade Lower Amid Technology Rotation
Software shares are trading lower amid a rotation out of technology and AI-related stocks. Inflation concerns and elevated oil prices are fueling expectations for further Fed tightening.
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Dow Jones futures rise as AI stocks rebound
Dow Jones, S&P 500 and Nasdaq futures were higher early Friday as AI stocks recovered from Thursday's selloff. Delta Air Lines missed views and guided low, while SpaceX said it plans to buy wireless spectrum from Grain Management subject to approval.
Nasdaq 100 Slips, 10-Year Yields Hit 19-Year Highs: Stock Market Today
U.S. stocks slid at midday Wednesday as the 10-year Treasury yield surged to its highest level since 2007, after blowout September PMI data cemented bets for another Federal Reserve rate hike and sent traders scrambling out of richly valued growth names. The yield on the 10-year Treasury note jumped 12 basis points to
U.S. stocks drift lower as New York Fed index jumps
U.S. stocks were mostly lower by midday Monday, while the New York Fed’s Empire State Manufacturing Index rose to 20.6 in August from 15.6, above the 11 consensus.
Nasdaq 100 Plunges
The Nasdaq 100 sinks 2.4% as a global sell-off in semiconductor shares hammers the index, while the Dow Jones edges up 0.2%.