US stocks ended mostly higher on Thursday as investors shifted away from some artificial intelligence-related stocks and into healthcare, consumer, and other defensive sectors amid concerns about elevated borrowing costs and persistent inflation. The Dow Jones Industrial Average gained 556 points, or 1.08%, while the S&P 500 rose 0.33%. The Nasdaq Composite added 0.08% as
Dell Technologies stock has pulled back sharply over the past few days, with its market capitalization falling from $375 billion earlier this month to about $300 billion today. The decline has coincided with a broader retreat among other leading AI infrastructure companies. The question now is whether the sell-off is justified or whether this is
Top real estate companies are rallying today. Zillow Group stock jumped 11%, while Better Home & Finance and Opendoor surged 33% and 17%, respectively. Other major names, including UWM Holdings and PennyMac Holdings, also traded in the green. Zillow Group, Better Home, and Opendoor jumped as bond yields fell While these stocks jumped, they remain
Nebius stock price retreated sharply today, October 14, reaching its lowest level since August 11 this year. NBIS dropped to $185.63, down by nearly 40% from the year-to-date high. This retreat has brought its market capitalization to $50.3 billion from the all-time high of $76.3 billion. Nebius stock drops as Gartner delivers major warning The
Skydance (SKYD) shares are seemingly crashing on Wednesday morning, but this headline decline needs careful interpretation. The sell-off largely reflects the separation of shareholder warrants from the firm’s common stock, rather than an equivalent collapse in the value of investors’ combined holdings. With those warrants trading around $2.33, eligible shareholders now own “two” separately priced
SpaceX SPCX shares fell on Wednesday as a broader sell-off across US equities weighed on the space technology and artificial intelligence company, overshadowing the successful launch of its latest NASA resupply mission. The stock was down over 2% at $153.22 at approximately 1:15 PM ET, extending losses after declining 4.21% in the previous session. The
GE Vernova’s stock has slipped into a bear market this year, falling from its year-to-date high of $1,193 to $938. The retreat has erased part of the gains made earlier in the year, when the stock was one of Wall Street’s top performers. Attention now turns to the company’s upcoming earnings report, where investors will
Bending Spoons shares (BSP) surged on Wednesday after Berkshire Hathaway invested another $330 million in the Italian technology company, bringing its total investment to $930 million and increasing its stake to approximately 4%. The stock climbed 42% during Wednesday’s trading. The rally followed news that Berkshire, the conglomerate formerly led by Warren Buffett and now
Affirm’s stock fell more than 11.5% on Wednesday to its lowest level since October 1, leaving it down 25% from its high for the year. The selloff extended after strong US inflation data pushed bond yields higher. Affirm stock drops after US inflation report Top companies in the buy now, pay later (BNPL) industry slipped
CoreWeave shares CRWV and bonds came under heavy pressure on Wednesday as investors grew increasingly concerned about the scale of borrowing by technology companies to finance the artificial intelligence infrastructure build-out. Shares of the AI-focused cloud computing provider plunged 16%, while yields on its outstanding debt surged, reflecting a growing demand for compensation for the