A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off. The S&P 500 was mostly unchanged Thursday and hovering around its all-time high set in October. Drops for AI-related stocks dragged the Nasdaq composite down 0.6%. Oracle at one point was heading toward its worst loss since 2001 on worries about how much it plans to spend on AI infrastructure. But most stocks on Wall Street rose, and the Dow Jones Industrial Average jumped 600 points. Treasury yields slipped after a report showed more U.S. workers applied for unemployment benefits.
The U.S. stock market is flirting with its all-time high after the Federal Reserve cut its main interest rate to bolster the job market. The S&P 500 rose 0.8% Wednesday and was on track to squeak past its all-time closing high, which was set in October. The Dow Jones Industrial Average climbed 559 points, and the Nasdaq composite rose 0.4%. Wall Street loves lower interest rates because they can boost the economy and goose prices for investments, even if they have the potential of making inflation worse. Treasury yields eased in the bond market.
The U.S. stock market is drifting near its record levels following reactions to profit reports from Macy’s, Marvell Technologies and other companies. The S&P 500 added 0.4% Wednesday and climbed within 0.5% of its all-time high set in late October. The Dow Jones Industrial Average added 428 points, and the Nasdaq composite rose 0.2%. Treasury yields eased in the bond market following some mixed reports on the U.S. economy. One suggested hiring was much weaker in November than economists expected, while a second said growth for U.S. services businesses was better than expected.
U.S. stocks are rising, and oil prices are tumbling on growing hopes that Iran will not disrupt the global flow of crude following the United States’ entry into its war with Israel.
Amid this year’s market turmoil,I’ve heard investors wonder if they should hit pause on 401(k) contributions until things settle down. Though this approach sounds tempting, it’s better to stick with your investment strategy instead of waiting for conditions to improve.
US stocks are drifting just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.
U.S. stocks drifted higher and pulled closer to their record as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy.
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
