Stocks Turn Lower as AI and Tech Shares Slump
Stocks fell in afternoon trading after a hotter-than-expected September inflation report. The Nasdaq was down 1.6% and the Dow industrials about 0.3% lower; Treasury yields rose sharply.
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Stocks fell in afternoon trading after a hotter-than-expected September inflation report. The Nasdaq was down 1.6% and the Dow industrials about 0.3% lower; Treasury yields rose sharply.
(Updates to market close) SHANGHAI, Oct 14 (Reuters) — Chinese stocks ended on Wednesday at their lowest level in more than a year as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data. * The CSI300 Index closed 1.4% down, hitting its lowest level since August 2
EM Asia stocks index up 0.2% SK Hynix turns red, down 1.7% Monetary Authority of Singapore stuns with policy hold Taiwan dollar on 5-day losing streak (Updates for afternoon trade) By Nikita Maria Jino Oct 14 (Reuters) — Emerging Asian equities surrendered some gains in afternoon trading on Wednesday amid lingering con
EM Asia stocks index up 1.3% Samsung, SK Hynix gain more than 1% Monetary Authority of Singapore stuns with policy hold Taiwan dollar on 5-day losing streak By Nikita Maria Jino Oct 14 (Reuters) — Emerging Asian equities rose on Wednesday from a recent chip-driven selloff, as investors weighed competitive pressures in
Melius Research raised Cava to buy from hold, saying the restaurant chain's expansion and unit economics remain durable drivers of earnings growth. The firm said Cava does not need a macro recovery to keep momentum.
Bitcoin traded near $83,559, down 2.3% on the day, as markets reacted to rising Treasury yields and a hawkish shift in the Fed backdrop.
By Callum Keown After the Lord Mayor's show comes the garbage truck, as the British idiom goes. The stock market feels a bit rubbish this morning after yesterday's record-setting spectacle. The S&P 500 was set to open lower Wednesday after closing at a record high. Artificial-intelligence stocks and chip names were tak
Chinese blue chips hovered near one-year lows after Beijing's latest policy support disappointed investors. The CSI 300 was up 0.2% and the Shanghai Composite up 0.3%, with both benchmarks set for steep quarterly losses.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.
The best inflation report of 2026 landed on Wall Street this week, and the market sold anyway, abandoning the semiconductor trade that has carried the entire rally for three years. By Friday afternoon, the technology sector had slumped 5.2% for the week, marking one of the worst weeks of the year. The iShares Semicondu