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Why the Dow Is Lagging the S&P and Nasdaq
Barrons.com69d agoneutral
Why the Dow Is Lagging the S&P and Nasdaq

The Nasdaq was up 0.2%, while the S&P 500 was flat. The Dow was down 100 points, or 0.2%. Only eight of the Dow’s 30 stocks were rising, but big ones like Caterpillar, Nvidia, International Business Machines, and Goldman Sachs Group were carrying the index, which weighs members by stock prices rather than market caps.

Oil steady, stocks mixed with all eyes on Mideast war prospects
AFP69d agoneutral
Oil steady, stocks mixed with all eyes on Mideast war prospects

Oil prices wavered and stocks were mixed on Tuesday as investors weighed the chances for a peace agreement between the US and Iran, after  AI enthusiasm again sent tech stocks soaring.Wall Street wavered at the US opening after the Dow, S&P 500 and Nasdaq all posted fresh record highs on Monday, even as oil prices soared on reports of stalled talks to end the Mideast war.

Tesla’s Market Cap Is Up 1,000-Fold Since Its 2010 IPO. What That Means for SpaceX.
Barrons.com70d agoneutral
Tesla’s Market Cap Is Up 1,000-Fold Since Its 2010 IPO. What That Means for SpaceX.

Tesla stock rebounded early Tuesday as CEO Elon Musk reminded investors about where his EV company started and how far it’s come. The move came after Musk tweeted that Tesla’s IPO market cap was only 0.1% of its current market cap. The tweet also comes just ahead of SpaceX’s massive IPO, which is expected to raise a record amount of cash, and could value the rocket company at $2 trillion.

Markets Fall From Record Highs as Alphabet Reignites AI Spending Fears
Barrons.com70d agoneutral
Markets Fall From Record Highs as Alphabet Reignites AI Spending Fears

Stocks looked set to slip on Tuesday after Google parent Alphabet said it would issue $80 billion in equity, giving investors another reason to fret about Big Tech companies’ artificial-intelligence spending plans. The search engine and cloud computing company said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway at a discount as it funds its AI infrastructure buildout, reviving some worries about so-called hyperscalers’ planned spending sprees. The move “is a clear sign that the AI arms race is moving into a more capital-hungry phase,” said Hargreaves Lansdown analyst Matt Britzman, although he noted that the $80 billion figure was less than 2% of Alphabet's $4.6 trillion market capitalization.