Nasdaq, S&P 500 and Stock Market
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Stock index futures fell on Friday, a day after a technology sell-off pushed the Nasdaq sharply lower. Dow futures (INDU) -0.8%, S&P 500 futures (SPX) -0.3%, and Nasdaq futures (US100:IND) -0.1%. The stock market ended lower on Thursday as technology stocks lagged on renewed worries about artificial intelligence expenditures.
The tech sell-off on Thursday sent investors rushing into bonds, pushing the 10-year Treasury yield to its biggest one-day drop in more than two years and back below 5%. Behind th
Chip stocks were bouncing back, helping cushion some of the Nasdaq's losses. The tech-heavy index pared losses in the first few minutes of trading. The Nasdaq was down 0.2% after opening 0.5% lower. The PHLX Semiconductor Index was in the green,
Memory chip stocks Micron (NASDAQ:MU) and Sandisk (NASDAQ:SNDK) are struggling to regain their footing after a painful selloff. Micron tumbled more than 6% on
US stocks open lower as the Dow falls 521 points, while the S&P 500 and Nasdaq slip amid a tech sell-off and oil prices topping $100.
Chip stocks were getting pummeled as the AI trade bleeds out, sending the Nasdaq Composite into what could be its worst day in nearly five months. The Nasdaq was down 2.3%, which would be its worst single day loss since early June.
Stock futures pointed sharply lower Thursday, another busy earnings day, with tech stocks leading declines. Meanwhile, crude prices jumped on reports that the U.S. and Israel plan to renew attacks on Iran.
The Nasdaq Composite gave up its gains, putting a back-to-back rise in doubt, with tech stocks turning lower as the closing bell neared. The Nasdaq was down 5 points, or less than 0.1%, to erase an earlier rise of as much 0.
Goldman Sachs prime brokerage data shows hedge funds leaning bearish at levels rarely seen in five years, yet those same funds are bleeding money daily while a Fed decision and two megacap earnings reports loom over the trade.
The stock market ended in the red on Thursday as technology stocks lagged on renewed worries about artificial intelligence expenditures. The benchmark S&P 500 (SP500) closed -1.2%, while the tech-heavy Nasdaq Composite (COMP:IND) ended -2.