AI Stocks Tumble, Market Ups and Downs, Earnings Ahead

Major tech stocks plummeted this week, with the Nasdaq and S&P five hundred losing significant ground, as investors questioned the sustainability of AI-driven company growth. Nvidias earnings announcement sparked market volatility, while Alphabet bucked the trend, rising eight percent. The Federal Reserves potential December interest rate cut is eagerly anticipated, but its impact on hiring and the housing market remains uncertain. This weeks economic reports, including producer prices, retail sales, and consumer confidence, will provide valuable insights. Retailers like Dicks, Best Buy, and Zoom are set to report earnings, with Deere offering a glimpse into the agricultural sectors performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.