Tech stocks drag Nasdaq, S&P
Digest more
32m
Investor's Business Daily on MSNStock Market Today: Dow Trips As Nasdaq Falls; Palantir Tests Key Level As Retail Stock Breaks Out (Live Coverage)
T he Dow Jones Industrial Average slipped into negative territory while a steeper fall for the Nasdaq put it below a key level in afternoon trade Wednesday. Several retail stocks moved on earnings, and artificial intelligence software maker Palantir Technologies PLTR was driving toward its sixth straight loss on the stock market today.
Rivian stock has trended upward recently despite facing challenges. Here is a look at where the stock could be in a year.
Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st.
21h
Investor's Business Daily on MSNStock Market Today: Dow Ends Nearly Flat As Nasdaq Gets Hammered; Palantir, Nvidia Are Big Losers (Live Coverage)
The Dow Jones index closed slightly in positive territory. Nvidia, Palantir both sank Tuesday. A manufacturing services name sold off.
Nvidia (NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month.
Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
Intel (NASDAQ: INTC) jumped 6.97% on Tuesday to close at $25.31, up $1.65. Trading volume soared to 293 million shares, nearly triple its 3-month average of 94 million. The rally followed headlines that SoftBank (OTC: SOBK.
Keithen Drury has positions in Alphabet, Meta Platforms, and Tesla. The Motley Fool has positions in and recommends Alphabet, Costco Wholesale, Meta Platforms, Palantir Technologies, and Tesla. The Motley Fool has a disclosure policy.