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Wall Street Falls Further From Its Records as Nvidia, Palantir and Other AI Stars Dim
- Wall Street has fallen further from its records, with the S&P 500 losing 0.6% and marking its third straight loss after setting an all-time high last week.
- Palantir Technologies and Nvidia, among other AI stocks, led the declines due to criticism that their prices have risen too quickly.
- Criticism about stock prices being too high has increased, particularly since they rose rapidly after hitting a bottom in April.
- Traders expect the Fed to cut interest rates at its next meeting in September to support the economy.
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15 Articles
15 Articles
Hastings Tribune+11 Reposted by 11 other sources
Wall Street falls further from its records as Nvidia, Palantir and other AI stars dim
Wall Street fell further from its records. The S&P 500 lost 0.6% Tuesday, its third straight loss after setting its all-time high last week. The Dow Jones Industrial Average inched up by less than 0.1%, and the Nasdaq composite sank…
Sydney Morning Herald+2 Reposted by 2 other sources
ASX set for gains, AI stocks weigh on Wall Street; $A drops
Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.
·Sydney, Australia
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Total News Sources15
Leaning Left8Leaning Right0Center2Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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