Stocks fell Tuesday, pressured by declines in artificial intelligence-related names like Palantir as investors grow increasingly concerned about valuations in the bull market-leading shares. The Dow Jones Industrial Average lost 410 points, or 0.9%. The S&P 500 dipped 1.2%, while the Nasdaq Composite lost 1.6%. Palantir shares shed 6.8% even as the software company beat Wall Street's estimates for the third quarter and gave strong guidance, fueled by growth in its artificial intelligence business. Palantir sees $1.33 billion in revenue for the current period, higher than the $1.19...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany closed 0.8% lower, the CAC 40 in France slipped 0.5% and the FTSE 100 in the U.K. rose 0.1%. Investors bank gains Global stock indices, from New York to Tokyo, have rallied to fresh record highs this year, and European markets have also benefited greatly, with the three main indices also posting new peaks. The DAX has gained over 20% so far this year, the FTSE 100 over 18%, while political...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-driven names and cautious outlooks from top Wall Street executives. Tech-heavy losses led the decline, with Palantir plunging 8.1% on valuation concerns despite beating earnings estimates, while Nvidia (-2.7%), AMD (-2.1%), and Oracle (-2.6%) also fell sharply. The pullback comes as the S&P 500's forward P/E ratio climbed above 23, near its highest since 2000, heightening fears of a correction...