Stocks jump on growing hopes for Dec. rate cut
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Analyst Gil Luria thinks that three stocks in the software infrastructure space are primed to benefit regardless of what happens to the AI trade.
Jarring swings keep rocking Wall Street, and U.S. stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves.
Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with uncertainty surrounding the Federal
Volatility on Wall Street this week was a reminder of just how frail conviction around the stock market has been: Every bounce was sold, every selloff spiraled and investors still were skeptical if it had bottomed.
The U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
Wall Street's main indexes were mixed at the open on Tuesday as investors took stock of a series of delayed economic data to gauge the health of the U.S. economy, while Alphabet gained after a report said Meta was in talks to spend billions on the Google parent's chips.
But Nvidia was the main laggard as investors continued to keep close watch on the Fed. Markets are now pricing in a more than 80% probability of a quarter-point interest rate cut
Wall Street watched the major market averages trade mixed on Tuesday following a strong tech-driven rally that sent the Nasdaq Composite sharply higher in the previous session.