Friday | Nasdaq plunges 2.8%, Big Tech’s AI spending sparks a selloff, and October ends with heavy losses Wall Street ended October with a sharp selloff on Friday, October 30, as disappointing earnings from major technology companies intensified concerns about the enormous amounts being invested in artificial intelligence. The Nasdaq Composite plunged approximately 2.8%, while…

Thursday | Nasdaq slides 1.4%, Alphabet plunges nearly 13%, and inflation worries return to Wall Street Wall Street’s technology rally came to an abrupt halt Thursday, October 29, as disappointing earnings from Alphabet reignited concerns about the enormous cost of artificial intelligence. The Nasdaq Composite fell approximately 1.4%, significantly underperforming the broader market. The S&P…

Wednesday | Federal Reserve holds rates steady, AI stocks extend their rally, and Microsoft and Alphabet take center stage Wall Street extended its winning streak on Wednesday, October 28, as investors welcomed the Federal Reserve’s decision to leave interest rates unchanged and turned their attention to major technology earnings. The Dow Jones Industrial Average gained…

Tuesday | Nasdaq jumps 1.1% as AI enthusiasm returns, corporate earnings impress, and Wall Street awaits the Fed Wall Street extended its rebound on Tuesday, October 27, as renewed enthusiasm for artificial intelligence lifted technology stocks and investors prepared for two potentially market-moving events: the Federal Reserve’s interest-rate decision and quarterly earnings from Alphabet and…

Monday | AI stocks rebound, Anthropic reveals $16 billion in revenue, and Wall Street awaits the Federal Reserve Wall Street started the week on a positive note Monday as technology stocks rebounded and investors examined one of the most anticipated initial public offerings in recent years. The Dow Jones Industrial Average gained approximately 0.3%, the…

AI’s trillion-dollar spending question, Meta’s cash-flow concerns, IBM’s comeback, and oil’s inflation threat Wall Street ended another volatile week with investors asking a question that could define the next phase of the artificial intelligence boom: How much money can technology companies spend on AI before investors demand meaningful financial returns? The Nasdaq Composite declined 0.7%,…