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US equity indices closed lower on Monday, dragged down by a selloff in chipmakers. The S&P 500 fell 0.5% and the Nasdaq dropped 0.8%, while the Dow shed 152 points. Anthropic CEO Dario Amodei called for a slower pace of AI development to mitigate risks from increasingly capable models, with OpenAI and xAI CEOs Sam Altm
U.S. stocks fell on Thursday after August producer price data and surging oil prices stoked worries the Federal Reserve will hike rates next week, while rising Treasury yields made stocks less attractive. Heavyweight chipmakers also lost ground.
South Korea’s benchmark KOSPI falls more than 4% to around 6,560, as a global bond selloff lifts US 30-year yields and pressures technology and chip-related stocks.
The S&P 500 rebounded sharply on Thursday as strong earnings from Microsoft Corp. (NASDAQ: MSFT ) and a broad rally in semiconductor stocks lifted investor sentiment following the previous session’s selloff. Polymarket traders now expect the benchmark index to extend those gains at Friday’s open. The S&P 500 rose 1.66%
The AI infrastructure trade faced a sharp reality check Tuesday as a selloff in optical component stocks spread to ETFs targeting a key but less-discussed part of the artificial intelligence boom: fiber optics and photonics. Shares of glass and fiber optics giant Corning Inc (NYSE: GLW ) plunged 15% after the company r
A selloff in chipmakers sent stocks lower, wiping out an earlier rally fueled by a drop in oil prices on hopes the US and Iran will revive diplomatic efforts as Middle East tensions eased. [08:59 ET] SNB expects to keep the interest rate at zero until the end of 2027. [CHF Weakened]
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites insi
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished a volatile week lower as an escalating selloff in artificial intelligence and semiconductor shares overshadowed encouraging inflation data. The S&P 500 and Nasdaq Composite post
Stocks rose as the recent artificial intelligence selloff enticed buyers who believe the industry's investment boom will continue to support strong corporate profitability. In the final stretch of what is expected to be the strongest quarter for equities in six years, the S&P 500 surged 1%, while the Nasdaq 100 increas