NEW YORK (AP) — A widespread washout for U.S. stocks dragged Wall Street lower on Thursday. The S&P 500 dropped 0.8% to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average tumbled 533 points, or 1.3%, from its own record set a day before, while the Nasdaq composite sank 0.7%.

Stock Market Today: A Washout on Wall Street Sends Stocks, Big to Small, Lower

The Associated Press

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark fell more than 2% as investors remained wary over China’s plans for helping its ailing property sector.  U.S. futures rose while oil prices declined. Chinese officials briefed reporters in Beijing on the outcome of a top-level meeting of the ruling Communist Party, providing some details of the sweeping blueprint it endorsed for making China a leader in technology, building its financial markets and raising living standards.  But the raft of information remained relatively vague, though more details are expected in the weeks to come. In Hong Kong, the Hang Seng lost 2.1% to 17,401.86 and the Shanghai Composite index was 0.1% lower, at 2,974.62. 

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

Markets Insider

The recent tech sell-off is a "golden buying opportunity," according to Wedbush. The midweek rout in tech stocks was partly triggered by Trump's hawkish comments about Taiwan. But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said. The sell-off in technology stocks represents...

The rout in tech stocks is a 'golden buying opportunity' for investors, analyst says

U.S. stocks rose sharply Tuesday, as the Dow Jones Industrial Average and S&P 500 both finished at record highs. The Dow, which closed at its first record high in two months on Monday, gained 1.9%, or 743 points, while the S&P 500 tacked on 0.6%. The Nasdaq Composite, ended 0.2% higher thanks to a late-day recovery, as tech stocks lagged the broader market's move higher.

Markets News, July 16, 2024: Dow Adds More Than 700 Points to Close at Record; S&P 500 Also Hits New High

Tech and AI stocks declined on Wednesday, causing the Nasdaq and S&P 500 to drop sharply as investors reacted to potential new export controls under the Biden administration and comments on Taiwan by former President Donald Trump. The Dow Jones Industrial Average, which closed almost 750 points higher the day before, was flat on Wednesday.

The S&P 500 and Nasdaq tank as investors dump AI and tech stocks

Evercore ISI analysts recommend taking advantage of the recent downturn in semiconductor equipment (SCE) stocks to invest in high-quality names, citing trade concerns as overblown. According to Evercore ISI, the near-term probability of implementing stricter Foreign Direct Product Rule (FDPR) restrictions is low. They view the current weakness in SCE...

Use weakness in chip stocks to buy high-quality names: Evercore ISI

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

These moves come after the Nasdaq tumbled 2.8% in its worst day since December 2022 on Wednesday, closing below 18,000 for the first time since July 1. Wall Street has been dumping shares of this year's artificial intelligence plays as the growing likelihood of a September rate cut bolstered optimism in the broader market. That's particularly helped small-cap and more cyclical names, which are seen as beneficiaries a lower borrowing costs.

Nasdaq rises as benchmark tries to rebound from worst day since 2022: Live updates

Reuters

(Reuters) -Berkshire Hathaway's share price set a record high on Monday, reflecting investors' confidence in Warren Buffett's company, which is often regarded as a microcosm of the broader American economy.

Buffett's Berkshire Hathaway sets, closes at record high

Bank of America raised its price target for Microsoft (NASDAQ:MSFT) stock to $510 from $480 in a note Wednesday, citing robust performance in the company's Azure cloud services and early traction with its new Copilot feature. "Channel commentary [is] consistent with a healthy Q3," notes analysts, with most Microsoft partners...

Microsoft stock target hiked at BofA on Azure strength

California State

(Reuters) -Registrations of Tesla (NASDAQ:TSLA) cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry data on Thursday. High interest rates and stiff...

Tesla's California car registrations fall for third straight quarter

Pennsylvania State

Butler, PA

(Reuters) - The gunman who tried to assassinate Donald Trump fired from a rooftop that the U.S. Secret Service had declared to be outside its security perimeter -- a fatal omission that the agency should not have made, according to two of its former officials. Two local Pennsylvania police officers...

Trump gunman shot from roof that wasn't secured by any agency

Gold stocks are entering a sweet spot. In recent months, we have written about how gold stocks outperform gold after breakouts in the gold price. This has transpired since March. However, in the past two weeks, the miners began to lead gold, although gold had yet to break out of...

The Move in Gold Stocks is Just Starting

Today’s column will be a brief one, because it’s summertime and the people on the beach generally don’t read my column. I saw a headline today for an article on Realtor.com. “June 2024 Rental Report: Median Asking Rents Continue to Fall.”. Here is the first chart,...

The Residual Effect on Rent Inflation of the Eviction Moratorium

On Tuesday, TD Cowen maintained a positive stance on Broadcom Limited (NASDAQ:AVGO), reiterating a Buy rating while raising the stock's price target to $210 from the previous split-adjusted target of $175. The adjustment accounts for the 10:1 stock split that recently took effect for AVGO shares. The firm's analyst highlighted that aside from the split, there were no significant changes to the company's estimates or business model.

Broadcom shares hold Buy rating; target raised

Alabama State

(Reuters) - Some of the largest Chinese solar panel makers are setting up shop in the United States thanks to new clean energy manufacturing subsidies contained in President Joe Biden's 2022 Inflation Reduction Act. Here is a list of Chinese companies investing in U.S. solar equipment factories:. ILLUMINATE USA. Illuminate...

Factbox-Chinese-owned solar factories in the United States

Goldman Sachs analysts anticipate Apple Inc. (NASDAQ:AAPL) will surpass earnings expectations for the third quarter of fiscal 2024. They project Apple will report revenue of $85.1 billion, a 4% year-over-year increase, and earnings per share (EPS) of $1.36, compared to the FactSet consensus of $1.33. Goldman Sachs expects iPhone revenue...

Goldman Sachs expects Apple to post an earnings beat

The Motley Fool

This Vanguard index fund provides exposure to a plethora of artificial intelligence stocks, including Microsoft, Apple, Nvidia, Broadcom, and Advanced Micro Devices.

1 Vanguard Index Fund to Buy That Soared 1,500% in 15 Years, With Help From Stock-Split AI Stocks Nvidia and Broadcom

U.Today - Prominent analyst and founder of the Cryptoquant on-chain analytical service says that Mt. Gox's selling pressure could be a scary thing for the market, as it will push enormous selling volume on the market and could directly affect the price. The problem arises from the actions of Mt....

Something 'Scary' Happening With Bitcoin: Analyst Ki Young Ju

Kiplinger

The main indexes kicked off the second half with a win thanks to solid gains in several mega-cap stocks.

Stock Market Today: Stocks Close Higher Ahead of Powell Speech

NewsBreak

UBS lifts its S&P 500 price target to 5,900, doesn't rule out a move to 6,500

UBS lifted its year-end price target for the S&P 500 to 5,900, citing a supportive environment for U.S. equities. The Swiss investment firm also set a...

UBS lifts its S&P 500 price target to 5,900, doesn't rule out a move to 6,500

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