"Stocks Waver at Year's Start with Apple's Slip and Nasdaq's Slide Despite Dow's Record High"

1 min read
Source: CNBC
"Stocks Waver at Year's Start with Apple's Slip and Nasdaq's Slide Despite Dow's Record High"
Photo: CNBC
TL;DR Summary

Stock futures remained relatively stable despite the Nasdaq Composite experiencing its worst day since October, with major tech stocks like Apple and Nvidia seeing significant declines. Bloomin' Brands shares rose after appointing new board members in an agreement with activist investor Starboard Value. Investors are anticipating the Federal Reserve's meeting minutes for future rate path insights, while the ODP Corporation's stock fell postmarket after an activist investor left its board. Bank of America analysts suggest that the AI trend is more sustainable than previous tech bubbles, as it involves significant investment from global cloud service providers and enterprises.

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