After the prior week's AI drubbing, investors scooped up stocks as Wall Street downplayed regulation risks from a Democratic Congress...
After the prior week's AI drubbing, investors scooped up stocks as Wall Street downplayed regulation risks from a Democratic Congress...
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 | 25253.14 | 673.72 | 2.74% | 8.65% |
| DJ UTILITIES | 1112.19 | 11.7 | 1.06% | 4.13% |
| DJ TRANSPORT | 20395.85 | 620.98 | 3.14% | 17.51% |
| DJ INDUSTRIALS | 52389.75 | 1104.02 | 2.15% | 9% |
| NYSE COMPOSITE | 24472.56 | 522.19 | 2.18% | 11.22% |
| S & P 100 INDEX | 3715.15 | 79.31 | 2.18% | 8.24% |
| RUSSELL 2000 | 2840.81 | 86.7 | 3.15% | 14.46% |
| S&P 500 | 7549.94 | 173.08 | 2.35% | 10.29% |
| CBOE MKT VOLATILITY | 19.92 | -5.72 | -22.31% | 33.24% |
| AMEX COMPOSITE | 8074.8 | 35.65 | 0.44% | 17.59% |
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