Dow Jones Falls As Tesla Slides On Autopilot Fraud Probe; Uber Dives On Surprise Loss
Stock Market Today: The Dow Jones dropped Wednesday as Uber stock dived on a surprise loss. And Tesla stock skidded on a fraud probe.
This booming restaurant business has crushed the market in the past few years.
New indicators of a cooling economy eased inflation concerns, driving the S&P 500 to record highs last week. The index, which dropped around 4% in April, is now up 11% for the year. Will this momentum continue? Savita Subramanian, head of US Equity and Quantitative strategy at Bank of America, believes it will. She’s taking an upbeat stance on the current market outlook, and backs it with a look at long-term results from the past 300-plus quarters. “20 were recessionary, 13 were stagflationary,
The software giant goes with Nvidia's rival for a platform of AI chips.
Consumer prices climbed 3.4% year-on-year in April.
The Under Armour meltdown continues.
Data center services are on the rise as generative AI continues to fuel the broader technology sector.
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
The stock market is right at highs but Nvidia earnings offer a major test. Five AI stocks are near buy points.
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
(Bloomberg) -- When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear.Most Read from BloombergIran’s President Missing After Helicopter Crash in Dense FogEven If Alito Is Right, the Upside-Down Flag Was WrongGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysSpeedier Wall Street Trades Are Putt