Big tech was slammed Friday as investors took profits from the group, which some fear has become a massive market bubble. The sell-off accelerated in afternoon trading, with the Nasdaq falling 2.4 percent, and names like Facebook and Apple, down 4 percent. The S&P tech sector was down 3.3 percent Friday but was still up 18 percent for the year. ... Read More »
Artificial intelligence programs have beaten chess masters and TV quiz show champions. Next up: stock market cheats. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals ... Read More »
The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The index has been on a record-breaking rally – helped by largely positive data and strong earnings – and hit an intraday high for the seventh time in July on ... Read More »
Wall avenue surged more than 1 percent on Tuesday and the Nasdaq had its most powerful day in threemonths as buyers made peace with the opportunity that the U.S. Federal Reserve would possibly soonincrease hobby rates. feedback from policymakers in recent days have traders anticipating a price hike potentially in June,much sooner than formerly thought, given slow economic boom. Wall ... Read More »
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