Tech stocks tumble over AI cost concerns – CBS News Watch CBS News A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details. Source link
A major tech sell-off stretched into a second day Tuesday as investors questioned whether artificial intelligence will generate the profits that have fueled lofty valuations for companies such as Alphabet, SpaceX and Nvidia. After the opening bell, the tech-heavy Nasdaq Composite slumped 628 points, or 2.4%, to 25,537. The decline marks a second day of … Read more
Jonathan Andic sets out defense after accusation of involvement in the death of his billionaire father. Source link
Trade was a critical topic at the Beijing summit with Chinese President Xi Jinping. President Trump said he struck “fantastic” deals, but the U.S. stock market fell on Friday. Lana Zak reports on reaction from the heartland of America. Source link
Stock futures surged and oil prices plunged on Wednesday as a two-week ceasefire in the Iran war eased fears of a prolonged energy shock that has rattled markets for more than five weeks. Futures for the Dow Jones Industrial Average soared 1,267 points, or 2.7%, to 48,079 in premarket trading. S&P 500 futures jumped 185 points, or … Read more
Stocks tumbled on Friday amid the uncertainty in Iran, marking the fifth consecutive week of declines. It’s the longest stretch of weekly losses in nearly four years. CBS News business contributor Javier David has more. Source link
Stocks tumbled Friday as Wall Street was headed for a fifth straight weekly decline, its longest such stretch in nearly four years. The losses come a day after U.S. markets suffered their worst drop since the Iran war began Feb. 28. The S&P 500 slumped 55 points, or 0.85%, to 6,422 in late-morning trading, while the … Read more