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Wall Street's increasing anxiety culminated in the S&P 500 closing down 2% and the tech-heavy Nasdaq falling 2.7%. Both indices are poised for their fifth weekly decline in six weeks. A number of factors are driving these trends:
Nearly 40 per cent believed AI was an 'overhyped profit driver', according to HSBC's survey of high-net-worth investors Major stock benchmarks in Hong Kong, Singapore and the US have upside potential in 2025 as breakthroughs in artificial intelligence (AI) create big opportunities,
Tech stocks were leading the market rally early Monday as positive news on tariffs continued to support a rebound after the S&P 500 entered correction earlier this month.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has dropped 8% from the record high in reached in February. Investors are worried about how the trade war will impact the economy. But certain Wall Street analysts see the drawdown as an opportunity to buy shares of Tesla (NASDAQ: TSLA) and The Trade Desk (NASDAQ: TTD) Dan Ives at Wedbush recently set his
Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage raised its 12-month target for MSCI Emerging Markets Index by 3%,
Stocks hit a rough patch in February as the AI rally's momentum waned and Wall Street grew antsier about an increasingly uncertain economic outlook. The S&P 500 fell 1.4% last month, giving back a big chunk of its January gains,
Shares have retreated in Asia, with benchmarks in Japan, Hong Kong and South Korea falling more than 2% after Wall Street indexes fell sharply on doubts over the frenzy around artificial-intelligence technology.
China's apparent breakthrough in AI and rapprochement with tech giants has sent Hong Kong stocks and internet giants soaring, but the buyers behind it are flighty and brokers say global investors are wary of big bets while markets swing wildly.