US equities retreated on Thursday as artificial intelligence–linked stocks came under renewed selling pressure, weighing heavily on major indexes. The decline came as investors reassessed lofty valuations in the AI sector while digesting concerning labor market data that hinted at broader economic strain. The Dow Jones Industrial Average fell 287 points, or 0.6%, while the
Wall Street heads into the new week on edge after a volatile stretch that saw major indices slide from record highs amid a mix of tepid labor data, tech-sector weakness, and a lack of fresh government economic reports due to the ongoing federal shutdown. With earnings season winding down and few macro catalysts ahead, analysts
US equities climbed on Monday after Senate lawmakers advanced a key procedural measure that moves the government closer to ending its historic shutdown, restoring some confidence across risk assets. The S&P 500 rose 1%, the Nasdaq Composite gained 1.6%, and the Dow Jones Industrial Average added 250 points, or 0.5%, reflecting broad momentum across sectors.
US stocks eased on Tuesday as weakness in major technology names pulled the S&P 500 modestly lower following a strong rally in the previous session. The S&P 500 fell 0.1%, the Nasdaq Composite declined 0.5%, and the Dow Jones Industrial Average rose 91 points, or 0.2%, supported by gains outside the tech sector. The pullback
The Dow Jones Industrial Average rallied on Tuesday while the Nasdaq Composite faltered, as investors shifted funds from high-valued technology shares into more defensive sectors such as health care. The move reflected renewed caution toward artificial intelligence-linked stocks, which have faced pressure this month amid valuation concerns and mixed earnings results. The blue-chip Dow rose
US stocks advanced on Wednesday, led by a rebound in technology shares after a turbulent start to the week. The S&P 500 rose 0.2%, the Nasdaq Composite gained 0.3%, and the Dow Jones Industrial Average climbed 185 points, or 0.4%, to notch a fresh record high. The session marked a modest recovery for the AI
The Dow Jones Industrial Average rose to fresh heights on Wednesday, extending its winning streak as optimism built around a potential resolution to the record-breaking US government shutdown. The 30-stock index added 349 points, or 0.73%, hitting a new intraday high during the session. The S&P 500 gained 0.04%, while the Nasdaq Composite slipped 0.34%,
Professional investors are taking profits as the US stock market extends its record-setting run, leaving retail traders to carry much of the momentum in the ongoing bull market. But even the resilience of retail investors is slowing down, said Bank of America (BofA) According to client-flow data from BofA, hedge funds and other institutional clients
U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release. From January through the
Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer. “Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may