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.
Sea Continues Losses for Seven Straight Sessions
Carvana Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/19/2024 14.84% JP Morgan $150 → $155 Maintains Overweight 07/16/2024 3.73% Evercore ISI Group $135 → $1
Analyzing Amazon.com In Comparison To Competitors In Broadline Retail Industry
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a
Expert Ratings For EBay
Throughout the last three months, 13 analysts have evaluated eBay (NASDAQ:EBAY), offering a diverse set of opinions from bullish to bearish.The following table provides a quick overview of their
EBay Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/19/2024 18.54% Morgan Stanley $61 → $64 Maintains Overweight 07/16/2024 — Wolfe Research Initiates
Amazon's Prime Day Sales Hit Record High, Is Its 9-Day Pullback a Buying Opportunity?
Amazon's Prime Day on July 16-17 saw record-breaking revenue and an all-time high in the number of customers registering for Prime in the three weeks leading up to the event.
Reached the limit of investment? Report: Meta tightens investment in the metaverse department.
Mark Zuckerberg's dream of the metaverse has become bleak. With increased investment in AI, Meta continues to reduce staff in its Reality Labs division and requires its hardware team to cut spending by nearly 20% by 2026. Meta believes it has made significant investments in Reality Lab, but the division has accumulated losses of over $55 billion since 2019.
Citigroup: OpenAI will become Broadcom's fourth-largest customer, and the new AI chip is expected to be delivered in the second half of next year.
Will OpenAI start another bloody battle in the chip market by switching from nvidia's GPUs to broadcom's ASICs?
Goldman Sachs' top stock analyst: AI will not trigger an economic revolution, the bubble will burst eventually.
Jim Covello believes that the economic benefits brought by AI are not even comparable to those of smart phones and the internet; AI replaces low-paying jobs with expensive technology, which is completely opposite to the technological transformation that has occurred in the technology industry in the past thirty years.
Here's How Much You Would Have Made Owning Carvana Stock In The Last 5 Years
Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 2.48% on an annualized basis producing an average annual return of 15.45%. Currently, Carvana has a market capitalization of $1
Top 10 S&P 500 Stocks Down More Than 5% From Last Week
"The most powerful and cost-effective"! OpenAI releases GPT-4o mini model.
Starting from Thursday, GPT-4o mini will be available to free users of ChatGPT, ChatGPT Plus, and team subscribers, and will be available to ChatGPT enterprise users next week. OpenAI plans to integrate images, videos, and audio into this model in the future.
What's Going On With Amazon On Thursday?
Amazon.com Inc (NASDAQ:AMZN) on Thursday announced record-breaking sales for its 2024 Prime Day event.What Happened: Amazon said it sold more items during this year's two-day Prime Day event than it
This Is What Whales Are Betting On Amazon.com
Financial giants have made a conspicuous bearish move on Amazon.com. Our analysis of options history for Amazon.com (NASDAQ:AMZN) revealed 23 unusual trades.Delving into the details, we found 34% of
Least Shorted S&P 500 Stocks in June
4 Stocks to Watch on Thursday: NFLX, AMZN and More
Amazon Announces Prime Day 2024 As Biggest Ever With Record Sales; Prime Members Shopped Millions Of Deals Across 35+ Categories; New AI-Powered Assistant Rufus Helped Millions Shop; Independent Sellers Sold Over 200M Items; Prime Members Globally...
Amazon Announces Prime Day 2024 As Biggest Ever With Record Sales; Prime Members Shopped Millions Of Deals Across 35+ Categories; New AI-Powered Assistant Rufus Helped Millions Shop; Independent
Nvidia, Electronic Arts And 2 Other Stocks Insiders Are Selling
The Nasdaq 100 closed lower by around 600 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.When insiders sell shares, it could be a preplanned sale, or could
Berkshire Hathaway Hits Record High; Will US Stocks Shift From Tech-Driven to Value-Driven?
The Dow Jones Industrial Average reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six consecutive sessions in the green.