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The Nasdaq undercut key levels as Google and Tesla led titans lower while oil prices soared. A big SpaceX launch is due.
SpaceX stock rose as investors were waiting for an all-important Starship test flight, slated for later on Thursday. SpaceX trades for roughly 40 times estimated 2026 sales, and there has simply never been a trillion-dollar company at that valuation. Investors hope Starship can send the stock back into orbit.
(Updates with market moves at the end of the day.) The Nasdaq Composite and the S&P 500 fell the
US equity indexes ended lower Thursday as crude oil prices jumped after Iran-aligned Houthis claimed
Tesla missed second-quarter earnings estimates and the stock was down Thursday. Wall Street remains firmly focused on the future, though.
Due to its size, Berkshire Hathaway often invests in large, well-known companies that are also included in the Dow Jones Industrial Average.
Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the St
Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State S
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
The Nasdaq dropped 2.6% as mega-cap tech earnings arrived with a reality check. Rising oil prices and ballooning AI capex are weighing on market sentiment.
Houthi attacks on Saudi tankers and Trump's threats against Iran sent Brent crude above $100 for the first time in months
US equity indexes dropped as shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank and go
Tesla missed second-quarter earnings estimates and the stock was down early Thursday. Wall Street remains firmly focused on the future, though.
SCHD's 100-stock structure and rock-bottom fees make it a retiree favorite, but a closer look at its top four holdings reveals one company sitting on a patent cliff that could quietly reshape its income story after 2028.
Shares of the Google and YouTube Parent Paced Dow Decliners Thursday
Trump said that the U.S. will inflict “major military punishment” upon Iran and the Houthis if they attack ships again.
Alphabet’s second-quarter free cash flow turned negative for the first time as the Google parent ramps AI spending, leaving Wall Street divided over whether the investment will pay off.
Alphabet, the newest addition to the Dow, dove on its latest quarterly results and it's weighing on the blue-chip index. The Dow is down 1.1%, or 563 points. Alphabet was the worst performer in the Dow, contributing a roughly 142-point drag on the index, Dow Jones Market Data showed.
The labor market is chugging along, but that wasn’t enough to give markets a boost in the face of surging oil prices. Chip stocks were struggling to rally on that news in the face of higher oil prices.
Google parent Alphabet fell 6% this morning after the company announced plans to raise its capital spending forecast for this year to as much as $205 billion, spooking investors. The stock decline has erased roughly $255.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
July 23 (Reuters) - Wall Street's main indexes opened lower on Thursday, as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices
Stocks tumbled at the open on Thursday after earnings from Alphabet and Tesla failed to rouse the AI trade. The Dow fell 654 points, or 1.2%. Alphabet and Tesla were both down on their latest earnings reports.
Wall Street closed lower on Wednesday, dragged down by communications and discretionary stocks.