US EditionGlobal Shares Trade Lower After AI Darlings Prop up Wall Street
AI stocks led by Nvidia and Palantir Technologies gained strongly, with Nvidia up nearly 50% year-to-date, supporting Wall Street despite a 0.5% Dow Jones decline.
- On Monday, Nvidia and other technology stocks propped up Wall Street, with the S&P 500 index rising 11.77 points, or 0.2%, and the Nasdaq composite gaining 109.77 points, or 0.5%.
- Major cloud and chip contracts, led by Microsoft and IREN, boosted IREN 11.5% after a $9.7 billion deal, while Amazon's $38 billion agreement with OpenAI sparked a 4% rally.
- Deal-Driven swings hit consumer-health names as Kimberly-Clark plunged 14.6% after announcing a $48.7 billion Kenvue purchase, while Kenvue jumped 12.3% and Beyond Meat tumbled 16% after delaying its report to Nov. 11.
- A separate manufacturing report on Monday showed weakness, as the Institute for Supply Management survey found activity shrank more last month than expected and manufacturers said tariffs from President Trump create financial pain.
- The chip-maker's strong year-to-date advance suggests narrow leadership as Nvidia was the strongest force lifting the S&P 500 Monday, with two out of every three stocks falling.
18 Articles
18 Articles
Palantir is once again showing stunning AI growth, but the applause is still lacking. The stock is down nearly 8 percent on Wall Street, as investors had hoped for even more.
Global shares trade lower after AI darlings prop up Wall Street
TOKYO (AP) — Global shares retreated Tuesday despite the big lift in overseas markets from optimism over artificial intelligence technology, as traders sold shares to lock in recent profits. France’s CAC 40 lost 1.3% in early trading to 8,007.48, while Germany’s DAX dipped 1.5% to 23,780.93. Britain’s FTSE 100 slid 0.8% to 9,624.57. U.S. shares were set to drift lower with Dow futures down 0.8% at 47,112.00. S&P 500 futures lost nearly 1.0% to 6…
AI-Related Stocks Prop Up Wall Street
Nvidia and other technology stocks propped up Wall Street on Monday. The S&P 500 rose 11.77 points, or 0.2%, to 6,851.97, even though the majority of stocks within the index fell. The Dow Jones Industrial Average fell 226.19 points, or 0.5%, to 47,336....
Asian shares trade mixed after AI darlings prop up Wall Street - The Morning Sun
TOKYO (AP) — Asian shares were trading mixed on Tuesday after overseas markets got a big lift from optimism over AI technology. Japan's benchmark Nikkei 225 dipped 0.5% to 52,163.84, coming off a national holiday on Monday. Australia's S&P/ASX 200 shed 0.9% to 8,818.00. South Korea's Kospi dipped 2.0% to 4,138.88. Hong Kong's Hang Seng jumped 0.2% to 26,209.39, while the Shanghai Composite lost 0.2% to 3,969.05. On Wall Street, more gains for Nv…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
