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The S&P 500 dropped 0.4% as stronger-than-expected jobs data revived interest rate worries. However, investors rotated capital aggressively into memory and storage providers like Sandisk and Micron, …
The S&P 500 hit a record high after a soft jobs report reduced concerns about aggressive Federal Reserve interest rate hikes, boosting equities and potentially pressuring the US dollar.
AI-linked chip and memory stocks (Nvidia, Micron, Sandisk, Western Digital) sold off sharply on valuation concerns, dragging Nasdaq down 1.5% despite broad market breadth being positive. South Korea'…
Nvidia's shares initially surged on strong earnings and CEO optimism but fell due to macroeconomic worries about interest rates, dragging tech stocks lower amid cautious investor sentiment.