Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

NEW YORK — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week.

Nvidia, another stock that has surged to dizzying heights due to Wall Street’s frenzy around artificial-intelligence technology, also gave up some of its big recent gains. It slumped 10% and was the heaviest single weight on the S&P 500, by far, because of its huge size. High rates hurt prices for all kinds of investments. Some of the hardest hit tend to be those seen as the most expensive and which make investors wait the longest for big growth, which can make tech stocks vulnerable.

But Brian Jacobsen, chief economist at Annex Wealth Management, expects inflation to moderate as U.S. households that have become “hypersensitive to price hikes” by businesses begin slowing their spending.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Wall Street opens higher, edging back toward recordsNEW YORK (AP) — Stocks are opening higher on Wall Street. The S&P 500 rose 0.3% early Tuesday, coming off a listless performance where it edged a bit further from its all-time high set last week.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsTOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan's benchmark Nikkei 225...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Wall Street edges lower after setting record highs last weekNEW YORK (AP) — Stocks are ticking lower on Wall Street at the start of what will be a short trading week. The S&P 500 was down 0.2% in early trading Monday. The Dow Jones Industrial Average was off 73 points, and the Nasdaq composite was down 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »