Wall Street, Federal Reserve
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Wall Street, tech
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The central bank's annual conference in Jackson Hole, Wyoming, kicks off on Friday, with Chair Jerome Powell expected to speak, remarks that will be closely watched for policy signals. Investors have been pricing in a 25-basis-point rate cut in September, according to data compiled by LSEG.
Nvidia, Palantir and other superstar AI stocks are dragging Wall Street lower again. The S&P 500 fell 0.5% Wednesday and was on track for a fourth straight loss after setting
The tech sector was behind much of the market recovery from the April selloff, but investors have started to take stock of the elevated valuations, sending the S&P 500 and the Nasdaq to their worst day in more than two weeks on Tuesday.
Wall Street is edging further from its records. NEW YORK (AP) — Wall Street is edging lower on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.
Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.