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Nvidia shares lost more than 1%, while Adobe stock fell almost 14% on a worse-than-expected revenue outlook. Tesla shares dropped 1.5% and climbing to record highs in the previous session.
Earnings season mostly wrapped up this week, capped off by Nvidia's results. The dollar, meanwhile, continued to rise, hitting its highest level since 2022.
The top event on investors' radar this week is the Federal Reserve's final Federal Open Market Committee meeting of the year, in which they're expected to cut interest rates by 25 basis points.
Here's what else happened today: Bitcoin hit a fresh record above $107,000 as fresh bullishness drove a surge in the crypto token. Here is a complete rundown of Wall Street's 2025 S&P 500 targets.
Here's where investors worried about a stock market bubble should invest their money. In commodities, bonds, and crypto: West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel.
The labor market, on the other hand, appears to be a smaller source of stress for the Fed, but Powell said it's "prepared to adjust the pace and destination" of easing as the jobs data evolves.
Over 2,000 stocks are covered in the index, of which over 1,600 are from United States corporations and over 360 are foreign listings; however foreign companies are very prevalent among the largest companies in the index: of the 100 companies in the index having the largest market capitalization (and thus the largest impact on the index), more ...
US stocks rose Friday, with the Dow Jones closing at a record high for the second day in a row. The S&P 500 and the Dow achieved a four-month win streak in August amid renewed hopes for a soft ...