Better-than-expected earnings and forward guidance from Coreweave (CRWV) fueled a rally in AI-related stocks and semiconductors today in a broad-based run with nine of 11 sectors higher.
Better-than-expected earnings and forward guidance from Coreweave (CRWV) fueled a rally in AI-related stocks and semiconductors today in a broad-based run with nine of 11 sectors higher.
A blue wave in the midterm elections took the tide of investors sharply higher before a riptide pulled the different indexes sharply lower with AI-related stocks getting washed out.
Buying in big cap technology stocks at the start of the fourth quarter (Q4) pushed the S&P 500, NASDAQ and NASDAQ 100 (NDX) to new all-time highs. However, disappointing earnings reports and growing concerns about the sustainability of AI-related cash flows triggered a late-month technology selloff
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25466.19 | 400.31 | 1.6% | 9.57% |
| DJ UTILITIES | 1114.56 | 2.15 | 0.19% | 4.35% |
| DJ TRANSPORT | 20658.65 | 242.07 | 1.19% | 19.02% |
| DJ INDUSTRIALS | 52486.49 | 254.6 | 0.49% | 9.2% |
| NYSE COMPOSITE | 24648.53 | 186.2 | 0.76% | 12.02% |
| S & P 100 INDEX | 3746.26 | 49.48 | 1.34% | 9.15% |
| RUSSELL 2000 | 2846.26 | 24.88 | 0.88% | 14.68% |
| S&P 500 | 7619.38 | 98.45 | 1.31% | 11.3% |
| CBOE MKT VOLATILITY | 17.49 | -1.97 | -10.12% | 16.99% |
| AMEX COMPOSITE | 8116.72 | 120.83 | 1.51% | 18.2% |
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