The Nasdaq dropped nearly 3% after a stronger-than-expected hiring report. Strong employment data has traders bracing for a Fed rate hike.
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A stronger-than-expected jobs report sent Wall Street tumbling as investors increasingly bet on rate increases from the Federal Reserve.
Microsoft remains one of the most influential stocks in software. Recent technical weakness in Microsoft shares could have broader implications for the sector’s rally.
Despite the week’s declines, the market is more likely to see it as a short correction than a major selloff. Investors aren’t selling everything, but shifting into better opportunities.
Donald Trump has said “stocks should go up, not down” after Wall Street was hit by a sell-off following new strong US jobs data.
Donald Trump has said “stocks should go up, not down” after Wall Street was hit by a sell-off following new strong US jobs data.
The S&P 500, down 1.8%, was on track to snap a nine-week winning streak. The Dow fell 400 points, or 0.8%, but is still up slightly on the week. David Donabedian, senior investment strategist at CIBC Private Wealth, told Barron’s that the action this morning began as a continued rotation away from AI winners.
Energy stocks declined Friday afternoon with the NYSE Energy Sector Index falling 1.4% and the State
Nasdaq Tumbles as Rising Yields Trigger Brutal Tech Selloff
US equity indexes sank amid a slide in mega-cap chip names and government bonds, as strong jobs slas
US equity indexes slumped amid a sell-off in mega-cap chip names and government bonds, as a strong j
In New York, the Dow Jones Industrial Average was down 0.3%, the S&P 500 was 1.2% lower, and the Nasdaq Composite dropped 2.2%.
"Sell in May" failed badly in 2026 as tech, space and digital economy ETFs surged on AI optimism, strong earnings and easing geopolitical fears.
The right investing strategy is more important than ever.
Quasar Markets CEO Steve Orr joins Ashley Mastronardi on NYSE Live to discuss the new record of the Dow
Cisco Systems, Inc. (NASDAQ:CSCO) was among Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer highlighted the stock’s performance during the episode, as he remarked: All sorts of old-fashioned respected tech stocks have caught fire here thanks to this AI data center boom. Take Cisco, the networking and […]
Jeff Bezos said Blue Origin has a path to resume launches this year after last month’s New Glenn explosion, a positive development for AST SpaceMobile, Amazon and supplier Karman.
The Nasdaq fell again Friday amid ongoing struggles for AI stocks in the wake of Broadcom’s earnings earlier this week and ongoing concerns about spending among tech firms. The S&P 500 dropped 0.8%. The Dow fell 125 points, or 0.2%.
Ahead of the bell Wall Street is pointing mostly lower ahead of Friday's May jobs report, with tech bearing the brunt. Nasdaq 100 futures are down 1%, the S&P 500 has slipped 0.5%, while the Dow is marginally in the green. The jobs numbers land at 8:30am Eastern. Economists expect a...
Tesla stock has one less Sell rating. J.P. Morgan analyst Rajat Gupta on Friday upgraded Tesla to Hold from Sell. Gupta recently took over coverage for Ryan Brinkman, who was a longtime Tesla bear.
The benchmark US stock measures were mostly tracking in the red before the open Friday as traders aw
Wall Street futures largely pointed moderately lower pre-bell Friday, as traders locked into a risk-