European stocks trade lower
Digest more
After Anthropic's latest AI tools sparked panic in tech stocks last week, investors are grasping for answers on where the sector goes from here.
It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.
A sharp drop for Google’s parent company is yanking the U.S. stock market lower, while prices for bitcoin, silver and gold weaken.
Not long ago, enterprise customer relationship management (CRM) software provider Salesforce (NYSE:CRM) was a darling of the technology sector. In 2020, during the height of the COVID-19 pandemic, Salesforce celebrated its inclusion in the prestigious 30-member Dow Jones.
Both of these stocks trade at reasonable valuations today. Alphabet has six products and services that each have at least 2 billion users. Meta's various social media platforms combined boast a whopping 3.
The Stock market sank in mixed trading on Tuesday, while gold and silver bounced higher after their latest sell-off. The S&P 500 fell 0.8% and pulled further from its all-time high set last week. The Dow Jones Industrial Average dipped 166 points, or 0.3%, and the Nasdaq composite sank 1.4%.
The Nasdaq composite rose 0.9% as investors bought into both software and AI companies that were beaten up last week. Larry Ellison’s Oracle jumped 9.6%.
Investor concerns about the impact of AI are growing.
By Johann M Cherian and Ragini Mathur Feb 11 (Reuters) - European shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed a strong U.
While tech firms may benefit from a longer-term “renaissance” in AI, TD Wealth’s Chief Wealth Strategist Brad Simpson says the recent selloff may be a “reset moment” for the sector.
The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street.
The benchmark S&P 500 was up about 0.7% in recent trading, while the tech-heavy Nasdaq Composite gained 0.6% and the blue-chip Dow Jones Industrial Average advanced 0.5%. Stocks slumped yesterday, with tech leading the slump as the AI jitters that sparked last week’s “ SaaSpocalypse ” flared up.