The stock market gave back premarket gains in the first hour of trading on Wednesday, with all the major indexes posting losses. The Nasdaq sold off 1.5% in the stock market today as the Dow Jones Industrial Average edged lower 0.4%. The Nasdaq held above its 200-day moving average, while the S&P 500 fell back below that threshold...
Continue ReadingProShares Ultra Energy ETF is a leveraged fund that aims to provide twice the daily performance of Dow Jones U.S. Oil & Gas Index. Read more on DIG ETF here...
Continue ReadingThis is classic bear market action again, with many stocks being sold regardless of individual merit...
Continue ReadingAlphabet was on track for its largest one-day drop in market value ever after Wall Street reacted to [disappointing cloud revenue growth](https://www.barrons.com/articles/alphabet-google-earnings-stock-price-4890483f)...
Continue ReadingMicrosoft's stock rose while Google's fell after the companies reported Q3 earnings. AI is driving the difference in narratives...
Continue ReadingA rebound in the advertising businesses of Google and Snap have signaled that the rising adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy, boding well for Facebook-parent Meta Platforms. Alphabet and Snap surpassed third-quarter revenue expectations on Tuesday, with the tech giant seeing strong growth both at its core Search and YouTube units. "AI is helping advertisers find as many people as possible and their ideal audience for the lowest possible price," said Philipp Schindler, chief business officer at Google...
Continue ReadingMicrosoft’s Azure impressed where Google Cloud disappointed and the reason behind the divergence looks to be in artificial intelligence...
Continue ReadingAmazon said it would launch a separate, "sovereign" cloud in Europe, tailored to address stricter privacy standards and support public sector clients...
Continue ReadingTechnology stocks were sliding on Wednesday after a pair of key earnings reports failed to pull attention away from rising bond yields. The Nasdaq Composite was down 1.4%, while the S&P 500 was down 1%...
Continue ReadingStocks fell shortly after the market opened on Wednesday as investors reacted to the first wave of big tech earnings reports. The Dow Jones Industrial Average was down 116 points, or 0.4%. The S&P 500 was down 1%...
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