US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET

A Glimpse Into The Expert Outlook On Universal Display Through 4 Analysts

4 analysts have shared their evaluations of Universal Display (NASDAQ:OLED) during the recent three months, expressing a mix of bullish and bearish perspectives.The following table provides a quick

BenzingaJul 18 11:00 ET

Universal Display Analyst Ratings

Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 7.81% Goldman Sachs $208 → $243 Maintains Buy 07/03/2024 10.91% Oppenheimer $200 → $250

BenzingaJul 18 10:44 ET

Semiconductor Stocks Plunge: Opportunity or Risk?

Semiconductor stocks suffered a brutal sell-off on Wednesday, with the Philadelphia Semiconductor Index dropping nearly 7%, marking its worst performance since 2020.

Moomoo News GlobalJul 18 07:48 ET · Editors' Picks

The next trend for generative AI could be the TTT model.

The 'brain' of the Transformers architecture that supports models such as Sora is a lookup table and so-called hidden states. Unlike Transformers, TTT does not continuously grow as it processes more data. It replaces hidden states with machine learning models, like nested dolls of AI, which is within a model.

wallstreetcnJul 17 19:52 ET

ASML Reports Q2 Results, Joins Spirit Airlines And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 300 points on Wednesday.Shares of ASML Holding N.V. (NASDAQ:ASML) fell in today's pre-market trading following the

BenzingaJul 17 08:21 ET