Stocks rise and push Dow to another record
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A selloff in speculative parts of the stock market turned into a broad market slide on Wednesday. The Nasdaq Composite dropped 0.9%. The S&P 500 fell 0.6%. The Dow Jones Industrial Average dropped 334 points, or 0.7%. All three indexes pared some losses from their lows of the day.
Optimism over artificial intelligence and future profit realizations led AMD ( AMD) to retain its gains, with the stock up 11.4% today, followed by Dell Technologies’ ( DELL) stock, which soared 9% on Wednesday. CoreWeave ( CRWV) rallied 8.7%, continuing its upward trend in the AI product offerings space.
US stocks rose on Monday, October 20, as major indexes kicked off a new week of trading, boosted by optimism over strong product demand and upcoming corporate earnings, as per a report. The S&P 500, Dow,
The stock market witnessed notable movements today as several stocks stood out with significant gains and losses. Among the top gainers, Infosys Ltd, HCL Technologies Ltd and Shriram Finance Ltd surged sharply,
Following the release of its new product, PayPal Ads Manager, PayPal’s ( PYPL) stock rose 4.7% today, providing brief relief from its otherwise declining performance this quarter. The new PayPal Ads Manager will enable small businesses that use PayPal to run ads on their own online stores, generating extra revenue.
Shares of D-Wave Quantum Inc (NYSE: QBTS) are trading lower Wednesday afternoon, caught in a broader market downturn. The broader tech sector is facing headwinds from a Reuters report that the United States is considering new restrictions on exports to China involving U.S. software and technology. Here’s what investors need to know.
Major U.S. equities indexes were mostly higher at midday Tuesday, after a flurry of corporate earnings reports.