Stock Market Today: S&P 500 closes lower as tech rebound runs out of steam

Investing.com-- The S&P500 closed lower Thursday, giving up gains as Alphabet-led slump put the brakes on a tech rebound despite growing hopes for the Federal Reserve may deliver multiple rate cuts this year.) fell more than 3%, pressuring the rebound in tech amid worries that its search business is set for fierce competition from OpenAI's Search GPT.

"Management highlighted that the GenAI book of business has grown to over $2B since watsonx launched a year ago, ahead of expectations in our view," RBC said in a recent note.The strong results in the quarter for Service now"look sustainable given the prioritization of back-office solutions in 2024 IT budgets and growing adoption of non-Technology workflow solutions," Oppenheimer said in note.

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: S&P500 closes lower as tech continues to lose steamStock Market Today: S&P500 closes lower as tech continues to lose steam
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P500 in record close as weaker data stoke rate-cut betsStock Market Today: S&P500 in record close as weaker data stoke rate-cut bets
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyedStock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyed
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first timeStock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P500 in biggest slump since 2022 as Alphabet, Tesla nosediveStock Market Today: S&P500 in biggest slump since 2022 as Alphabet, Tesla nosedive
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P500 in best day since June as big tech reboundsStock Market Today: S&P500 in best day since June as big tech rebounds
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »