All articles tagged with #technology stocks
U.S. stock markets fell for a second consecutive day as rising oil prices and reversing bond yields unsettled investors, while technology stocks suffered from a pullback in the artificial intelligence trade. Although the S&P 500 and Nasdaq declined, PepsiCo rose 3.7% after beating earnings expectations, and energy and utility shares outperformed the broader market.
The S&P 500 is trading within 0.44% of its all-time high, but this rally is driven by a narrow group of technology and semiconductor stocks. MarketWatch reports that 52% of index members are trading below their 200-day moving averages, a level of narrowness not seen since the dot-com peak. CNBC highlights that 30 stocks hit 52-week lows while only seven reached new highs on Monday, a dynamic last seen in December 1999. Investing.com notes that BTIG’s Jonathan Krinsky warns of '2000-like signals,' citing widening dispersion in the Philadelphia Semiconductor Index and a divergence between the S&P 500 and the KBW Bank Index. While the Nasdaq Composite surged 2% to a record, the broader market shows signs of stress, with nine of 11 S&P 500 sectors falling over the past month.
Asian equity markets rallied on Friday, led by technology shares, as investors reacted to Federal Reserve Governor Christopher Waller’s dovish comments. Waller indicated that recent data suggests disinflation, supporting a pause in rate hikes. Consequently, the probability of a Fed rate increase this month fell to 50% from 63%. This shift boosted tech-heavy indices in Japan, South Korea, and Hong Kong, while markets awaited U.S. nonfarm payrolls data for further policy clues.
Wall Street slipped as AI-related shares fell, pulling major indices further from their record highs; leading declines from chipmakers like NVIDIA and Micron highlighted investor caution over AI hype and stretched valuations in tech stocks.
Goldman Sachs data show U.S. hedge funds sold tech hardware for a fourth consecutive week, led by semiconductors, as concerns about AI-spending and delayed returns weighed on the sector. Funds shifted toward index/ETF bets after a string of net-seller days, with last week seeing more stocks sold than bought and notable activity across tech, industrials, and discretionary names; the SOX index fell about 4.2% for the week.
U.S. stocks rebounded from a tech-led rout, with the Nasdaq, S&P 500 and Dow higher by about 0.4–0.8% as oil prices slid to multi-week lows on Strait of Hormuz developments; investors weigh lofty AI stock valuations, await Micron earnings after the bell, and contend with ongoing rate-hike concerns.
Investors pulled back from AI-driven tech stocks after a sharp rally, with Sandisk and Marvell among notable decliners and tech-focused ETFs slipping. Analysts say the move could be a mix of profit-taking and concerns that rapid AI infrastructure spending may lead to oversupply and weaker pricing, potentially weighing on returns even as AI demand remains robust in regions like Asia.
Investors faced volatility ahead of May inflation data as tech shares led declines—Micron and Super Micro fell sharply while Nvidia slid—even as Cracker Barrel topped expectations and raised guidance. Global markets were mixed, with Europe lower and Asia posting varied results, highlighting ongoing concerns about inflation and the AI stock surge.
Stocks slid with technology shares leading the decline, pushing the S&P 500 and Nasdaq lower as Trump pledged a response to Iran's downing of a U.S. helicopter, with investors eyeing upcoming inflation data and SpaceX's IPO.
Tech-led May rally pushed the S&P 500 up about 5% and the Nasdaq-100 up over 10%, led by hardware and memory names, with gains broadening to SMID caps and international markets such as Korea and Taiwan; inflation sits near 3.8% but is expected to ease toward 2–2.5% by next year, while the Fed remains hawkish with potential year-end rate hikes, supporting further upside as earnings growth and stable multiples back a stronger summer.
Tech stocks led a rally that sent the S&P 500 and Nasdaq to closing records, while futures hinted at mixed moves after hours as April’s producer price index surprised to the upside. Cisco jumped after strong quarterly results and job cuts, Doximity sank on weak guidance, and Cerebras priced its AI chip IPO above expectations, highlighting AI-sector enthusiasm. Investors eye April retail sales, price data, and jobless claims ahead of more earnings this week.
Despite the Iran war disrupting energy and consumer markets, the world’s largest companies have added about $5.4 trillion in value since February, driven by a surge in AI enthusiasm that boosted chipmakers and Big Tech and helped equities rebound faster than in prior crises. Energy majors gained on higher oil prices, while some consumer names faced cost pressures and defence stocks lagged on near-term demand and supply concerns. Nearly two of three large caps mentioned AI on earnings calls, underscoring a durable tech-led rally rather than a geopolitical blip.
U.S. large-cap stocks rose to multi-week records as AI-driven demand and strong Q1 earnings boosted the S&P 500 and Nasdaq-100; profit margins hit a record 14.7%, with a small group of AI-focused names—Alphabet, NVIDIA, Amazon, Broadcom and Apple—driving much of the index's gain, underscoring AI monetization as a key macro driver.
Nvidia and other technology stocks led a broad market advance on Wall Street, powering a tech-driven rally that sent U.S. equities higher.
U.S. stock futures slipped Monday night as a tech-led selloff persisted, with Dow futures down more than 160 points (-about 0.3%), S&P 500 futures down around 0.5%, and Nasdaq-100 futures off about 0.9%. Gold and silver fell while oil rose, and traders awaited the Fed minutes and the core PCE as fourth-quarter earnings wrap up. Markets were closed for Presidents Day, with investors eyeing Nvidia and other AI-linked earnings next week amid ongoing concerns about AI’s impact on software margins.