Stock market today: Dow slips
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The wait is on for the latest reading on consumer inflation that could help set expectations for the path of interest rates.
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Stock market today: Nasdaq, S&P 500 close below critical levels; Oracle, other AI players sell off (live coverage)
The Dow rose 0.2% in premarket trading, as S&P 500 futures climbed 0.4%. Futures on the tech-heavy Nasdaq 100 moved up 0.5%. The 10-year Treasury yield ticked higher to 4.18%. Oil prices rose to around $56.25 a barrel. Bitcoin edged down just below $87,000.
The Nasdaq Composite rallied late on Tuesday to snap its losing streak at three days. The tech-heavy index rose 0.2% after falling nearly 0.6% at its low earlier in the day. The S&P 500 dipped 0.2%. The Dow Jones Industrial Average fell 302 points, or 0.6%.
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Major stock indexes fell Wednesday, with the S&P 500 and Dow Jones Industrial Average on pace for a fourth consecutive decline, as AI bubble concerns resumed and investors digested tepid labor data.
U.S. stock futures rose on Wednesday after Tuesday’s mixed close. Futures of major benchmark indices advanced. November's delayed and distorted jobs report, released on Tuesday, failed to provide clarity,
Stocks could see wild swings in the last trading push of the year. Where to put your money. Investors are dumping stock-market winners and buying almost everything else. Why that’s a good sign.
US stocks fell as investors shifted away from AI stocks, with Oracle, Nvidia, and AMD taking significant hits amid financing concerns and broader market volatility. Insights into the AI profitability challenge and economic signals ahead.