Wall Street, Nvidia
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The world's super-rich are snapping up "investment bankers and fund managers" to manage their money privately.
Investors are fretting over the pace of rate cuts and pricey valuations of heavyweight artificial intelligence stocks that have fueled much of the U.S. stock market's gains in recent years.
Wall Street is bracing for more volatility on Friday, with the equity market's main "fear gauge" climbing to one of its highest levels in the past three months. The Cboe Volatility Index was up about 12% on Friday morning,
Wall Street delivered a mixed performance, but the S&P 500 (SP500) still managed to inch higher after last week’s sharp downturn. Optimism from the resolution of the lengthy U.S. government shutdown and upbeat trade signals helped lift markets.
The U.S. stock market continues to shake on Friday as Nvidia, bitcoin, gold and other high flyers on Wall Street swing.
The Cboe Volatility Index, better known as the VIX or Wall Street's "fear gauge," is on the rise once again on Thursday with stocks headed for another tech-driven selloff. The fear gauge was up 11% in recent trade at 19.
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2don MSN
Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates
The U.S. stock market is slumping as superstars swept up in the mania around artificial-intelligence technology keep weakening. The S&P 500 fell 1.5% Thursday.
Gene Munster thinks Wall Street isn't factoring in a few key developments as analysts prepare for the chip giant's Q3 earnings report on November 19.
Wall Street ended sharply lower on Thursday as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy's health.
The president is hosting some of the nation's top financiers for a White House dinner Wednesday as part of his effort to bring manufacturing back home.