The S&P 500 was little changed on Monday as the market tried to recover from Friday's sharp selloff. The broad index fell 0.2%. The Dow Jones Industrial Average rose 120 points, or 0.3%. The Nasdaq, meanwhile, fell 0.8%. Big tech stocks came under pressure, sending the Nasdaq Composite down for the day and briefly entering negative territory for 2025. Palantir plunged 10%, dragging the Nasdaq lower. Microsoft fell about 1% after a TD Cowen analyst report said the company was cutting spending on data centers, raising concerns about a weakening artificial intelligence trade. Chipmaker...
The Nikkei 225 Index fell 1.4% to below 38,300, while the broader Topix Index dropped 0.7% to 2,717 on Tuesday, marking a five-week low as Japanese stocks tracked losses on Wall Street overnight. The downturn was fueled by a pullback in technology and artificial intelligence stocks, sparking concerns that the AI-driven rally may be losing momentum. However, some analysts believe the AI sector could continue to thrive for years to come. Meanwhile, traders in Japan are awaiting a series of economic reports set for Friday, which may offer fresh insights into the Bank of Japan's future...
(Hong Kong) The Hang Seng Index opened down 625 points, or 2.67%, reaching 22,716 points. The Hang Seng China Enterprises Index fell 239 points, or 2.77%, to 8,379 points, while the Technology Index declined by 249 points, or 4.3%, to settle at 5,540 points. Technology stocks faced significant selling pressure, with Tencent down 3.9%, Alibaba plunging 7.8%, Meituan falling by 3.9%, Xiaomi Group down 3.4%, JD.com declining 5%, and Kuaishou dropping 5.2%. Following its earnings report, Trip.com saw a decrease of 3.2%. The financial sector also experienced a downward trend, though HSBC...