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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.
Primoris has gotten torched over the last six months - since January 2026, its stock price has dropped 39.3% to $89.91 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
(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
A selloff in Big Tech stocks and rising oil prices drowned the major indexes on Thursday. The Nasdaq sank 2.1%. The Dow fell 507 points, or 1%. The S&P 500 dropped 1.2%. Alphabet and Tesla both fell sharply after their kickoff to Magnificent Sevens earnings season rekindled broader market worries about companies spending big on artificial intelligence.
Here are some of the biggest decliners in the Nasdaq Composite Index, recently down 2.3%: Tesla (TSLA), down 14% T-Mobile (TMUS), down 7.8% Alphabet (GOOG), down 6.5% Strategy (MSTR), down 6.
(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
Technology giants suffered a brutal sell-off on Thursday after heavy AI spending by Tesla and Google spooked investors.
Sherlock Holmes once lamented that the world is full of “obvious things” that few people ever bother to notice. Stocks rose, and profit forecasts improved, despite worrying developments in bond and commodities markets tied to the U.S. war with Iran.
Find insight on Alphabet, SK Hynix, CXMT and more in the latest Market Talks covering technology, media and telecom.
US equity indexes dropped as shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank and go
Trump said that the U.S. will inflict “major military punishment” upon Iran and the Houthis if they attack ships again.
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.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
Alphabet and Tesla reported earnings last night and Wall Street was less than impressed. Alphabet and Tesla both boosted their already hefty capital expenditure forecasts. "The market's reacting to not just the capex spend, but the free cash flow issue, and that spans across all the tech names," Laffer Tengler Investment's Nancy Tengler wrote.
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.
Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.
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