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The Table Turns: Five Sessions of Falling AI Semiconductors While Dow Climbs
The market pulled back Wednesday, as AI and semiconductor stocks pulled back hard while slower-growing stocks on the Dow Jones led the index to a fresh closing and intraday high.
Dow Climbs Wednesday While Market Pulls Back
The market pulled back Wednesday. After 10:08 am EST, the $S&P 500 Index(.SPX.US)$ fell 1.21%, the $Dow Jones Industrial Average(.DJI.US)$ was falling 0.21%, and the $
Fed's Barkin Wants to Move 'Deliberately' on Interest Rates
Richmond Federal Reserve President Tom Barkin said he wanted to "proceed deliberately" on interest-rate moves because it was uncertain how much the current level of interest rates was slowing the economy.
As AI giants such as nvidia plummet, the "AI laggards" have become the new darlings of Wall Street.
AI leaders such as Nvidia seem to be losing their shine, and "AI laggards" are favored by investors. Melius said that "AI laggards" like AMD, Intel and IBM may see a surge in trade.
Nasdaq Plunges 2.3% and Is on Pace for Its Worst Trading Day of 2024
Waller Says Fed Is Getting Closer to Cutting Interest Rate as Inflation Slows
Federal Reserve Gov. Christopher Waller said the central bank is "getting closer to the time when a cut" in interest rates is warranted, but he still wants more evidence that inflation is slowing before he's ready to move.
DiMoney : Hope this sell off continues for a few days.
EZ_money : i think that was more reaction to the feds I'm thinking August or September but i could be wrong
Nidia_GirlOP DiMoney: I would hedge just in case
Nidia_GirlOP EZ_money: It will depend on the elections on when their will be cuts , their pushing the narrative down
JaydenTan Nidia_GirlOP: Lets hope it will continue like this for a few session till Friday st least