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U.S. stocks fell as concerns mounted that AI profits may not arrive soon enough to meet rising credit obligations for CoreWeave and other aspiring hyperscalers. The Dow fell 175.28 points, or 0.34%, to 52,002.41; the body is truncated before further index details.
The Nasdaq 100 fell 1.3%, or 400 points, to about 29,535 at midday Friday as CoreWeave dropped 9.3% amid lingering AI-infrastructure debt concerns. The S&P 500 slipped 0.3%, while the Dow rose 0.3%.
By Jamie McGeever ORLANDO, Florida, Oct 15 (Reuters) — The AI equity rout accelerated significantly in Asia on Thursday on growing fears about the murky, circular financing powering the intelligence revolution's buildout, although its force evaporated in European and US trading hours. Still, safe-haven inflows meant US
Peter Schiff said 479 U.S. stocks hit 52-week lows Wednesday, while 60 reached new highs. The S&P 500 fell 1.11% to 7,718.94 and the Nasdaq Composite dropped 1.88% to 26,692.87.
Indexes down: Dow 0.34%, S&P 0.12%, Nasdaq 0.14% Citigroup, Johnson & Johnson slip despite higher profits Chip stocks drop as Chinese competition fears mount (Updates with afternoon trading) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) — The S&P 500 and the Nasdaq inched lower on Tuesday as chip stocks came
Bitcoin fell 3% to $83,071, while ethereum, XRP and solana also dropped as Glassnode said leverage in many altcoins could unwind further.
European stocks fell and the euro slipped as oil rose above $100 on renewed Middle East tensions and France's fiscal outlook weighed on sentiment. Traders also watched upcoming U.S. Treasury auctions and the Federal Reserve minutes.