U.S. stocks were selling off Monday, as fears that China’s artificial intelligence company DeepSeek could disrupt profits for Big Tech stocks spooked investors already worried about their high valuations.
U.S. stocks were traded mixed on Wednesday morning with markets in a wait-and-see mode ahead of the first Federal Reserve interest-rate decision of 2025. Investors also were getting ready for quarterly earnings from some of the Big Tech companies,
Microsoft (NASDAQ:MSFT) has lagged behind the NASDAQ over the past year but is off to a strong start in 2025, outperforming the broader market.
Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb. The Cboe Volatility Index was down 3.5% on Friday afternoon at 16,
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
The tech-heavy Nasdaq Composite index slid 3.5 per cent shortly after the opening bell, while the broader S&P 500 fell about 2 per cent. Nvidia, which surged last year on bets that Big Tech companies would require vast numbers of advanced chips to power their AI models, sold off by 13 per cent.
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street
T-Mobile forecast annual wireless subscriber growth above Wall Street estimates on Wednesday, after holiday-quarter promotions and deals boosted demand for its affordable premium 5G plans with streaming bundles.
The carrier forecast adjusted losses per-share in the range of 20 cents and 40 cents for the first quarter. Analysts polled by FactSet expected a loss of 4 cents a share on an adjusted basis.