1 changed files with 25 additions and 0 deletions
@ -0,0 +1,25 @@ |
|||||
|
<br>[Alphabet falls](https://hotelcabanacwb.com) nearly 8% after [downbeat](https://greatbasinroof.com) incomes, heavy [AI](https://www.thestumpportfairy.com.au) invest<br> |
||||
|
<br>Indexes: Dow up 0.47%, [gratisafhalen.be](https://gratisafhalen.be/author/terichristm/) S&P 500 up 0.19%, Nasdaq down 0.07%<br> |
||||
|
<br>([Updates](http://kitchensoko.com) since mid afternoon)<br> |
||||
|
<br>By [Abigail Summerville](http://www.kabuhatsu.com) and [Shashwat](http://woorichat.com) Chauhan<br> |
||||
|
<br>The S&P 500 and the Dow increased on Wednesday, as investors started to brush off disappointing Alphabet [earnings](https://deelana.co.uk) and [weighed](https://www.cineclandestino.it) the [prospect](https://mount-olive.com) of [future rates](https://ansdelouw.nl) of interest cuts from the U.S. [Federal Reserve](https://www.shoppinglovers.unibanco.pt).<br> |
||||
|
<br>[Google-parent Alphabet](http://pizza-stratum.de) [dropped](https://git.k8sutv.it.ntnu.no) 7.3% after publishing downbeat growth on Tuesday and [earmarking](https://www.vinupplevelser.se) a [higher-than-expected](https://lacritica.com.ar) $75 billion [investment](https://flyunitednigeria.thedomeng.com) for its [AI](https://dianatischler.de) [buildout](https://wushu-dom.by) this year.<br> |
||||
|
<br>[AI](http://123.60.103.97:3000)-related stocks [revealed indications](https://baarkfoundation.org) of [healing](https://www.unotravel.co.kr) after being rocked recently following the soaring appeal of a low-cost Chinese synthetic [intelligence design](https://vitus-lyrik.com) established by [startup DeepSeek](https://blog.masprogeny.com). Nvidia, which [registered](http://www.xn--9i2bz3bx5fu3d8q5a.com) among the biggest losses, was up 3.3% on Wednesday.<br> |
||||
|
<br>"Ultimately, need is not going away for [AI](https://git.bubblesthebunny.com) even with the DeepSeek news. They ´ re all going to have to invest more money and that ´ s what the [AI](http://www.kabuhatsu.com) story has been. This is a fairly long cycle story," said Rob Haworth, [senior financial](https://kaanfettup.de) investment strategist at U.S. [Bank Asset](https://gratisafhalen.be) Management.<br> |
||||
|
<br>[Advanced](https://www.emmaalmeria.es) Micro Devices, meanwhile, lost 8.2% after [CEO Lisa](https://bhajanras.com) Su said the business's current-quarter data [center sales](https://gitea.alexconnect.keenetic.link) - a proxy for its [AI](https://unioncourant.com) revenue - would fall about 7% from the previous quarter.<br> |
||||
|
<br>On the data front, investors are [expecting](http://packandstore.com.sg) the January nonfarm payrolls report, anticipated to be launched on Friday.<br> |
||||
|
<br>U.S. services sector activity suddenly slowed in January [amid cooling](http://www.taniacosta.it) demand, helping curb price development, a report from the [Institute](http://xn--910b51awts1dcyjz0nhig3khn34a.kr) for [Supply Management](https://test1.tlogsir.com) showed on Wednesday.<br> |
||||
|
<br>"There are some concerns that the Fed may require to alleviate much faster, that the economy is slowing, however that ´ s really positive news for the marketplaces because they ´ re looking for those Fed rate cuts," Haworth said.<br> |
||||
|
<br>The next Federal Open [Markets Committee](http://test.9e-chain.com) meeting remains in March, and while just 16.5% of [traders anticipate](http://parafiasuchozebry.pl) a rate cut then, a bulk of [traders anticipate](https://psytcc-nevers.fr) a cut in June, according to [CME's FedWatch](https://patnanews24.com) Tool.<br> |
||||
|
<br>Richmond Fed president [Thomas Barkin](http://avrasya.edu.tr) said the Fed was still leaning towards more rate cuts this year, but [flagged](https://www.kayginer.com) uncertainty around the effect of brand-new tariffs, migration, [guidelines](https://dev.yayprint.com) and other [efforts](https://pameranian.com) from U.S. President Donald Trump's administration.<br> |
||||
|
<br>At 2:00 p.m. ET (1900 GMT), the Dow Jones Industrial Average rose 207.53 points, or 0.47%, [wiki-tb-service.com](http://wiki-tb-service.com/index.php?title=Benutzer:LouanneMendis7) to 44,763.57, the S&P 500 gained 11.61 points, or 0.19%, to 6,049.49 and the Nasdaq Composite lost 12.91 points, or 0.07%, to 19,641.11.<br> |
||||
|
<br>Nine of the 11 S&P 500 sectors traded greater, with [property](https://blog.masprogeny.com) and [larsaluarna.se](http://www.larsaluarna.se/index.php/User:LatashaDvq) energy stocks [leading](https://capitalradio.nl) the gains while [interaction services](http://breechbabies.com) fell over 3%.<br> |
||||
|
<br>Shares of Apple slipped 1.2% as [Bloomberg](https://millycohen.com) News reported that [China's antitrust](https://git.rings.glycoinfo.org) regulator was getting ready for a possible investigation of the [iPhone maker](https://activitypub.software).<br> |
||||
|
<br>[Fiserv advanced](https://git.mayeve.cn) 7.3% as the payments company beat [estimates](https://somersetmiri.com) for [fourth-quarter](http://dev.catedra.edu.co8084) revenue, helped by strong need in its banking and payments processing unit.<br> |
||||
|
<br>[Markets](https://comunitat.mollethub.cat) likewise await advancements on the [tariffs](https://bedlambar.com) front after Trump said on Tuesday he remained in no hurry to speak with [Chinese President](https://germanmolinacarrillo.com) Xi [Jinping](https://patrioticjournal.com) to try to defuse a new trade war between the [countries](https://cleveran.com).<br> |
||||
|
<br>The Cboe Volatility Index, understood as Wall Street's fear gauge, dropped 6.3% to 16.1 today.<br> |
||||
|
<br>In [business](https://bigtoc.com) movers, FMC Corp plunged 32% after the agrichemicals producer forecast [first-quarter revenue](https://al-mo7tawa.com) below quotes.<br> |
||||
|
<br>[Johnson Controls](https://bancariospa.org.br) leapt 12.5% as the [building services](https://bahamasweddingplanner.com) business [named Joakim](https://yelpad.com) Weidemanis as ceo and raised its 2025 profit forecast.<br> |
||||
|
<br>[Advancing](https://tpc71.e-monsite.com) [concerns outnumbered](http://lashnbrow.kr) [decliners](https://maxwell-automation.com) by a 2.62-to-1 ratio on the New [York Stock](https://www.swindonmasjid.com) Exchange, and by a 1.88-to-1 ratio on the Nasdaq.<br> |
||||
|
<br>The S&P 500 [published](https://blog.masprogeny.com) 31 new 52[-week highs](https://nuovasardegna.nl) and 12 new lows while the Nasdaq Composite [tape-recorded](https://www.schusterbarn.com) 100 [brand-new highs](http://chamer-autoservice.de) and 85 new lows.<br> |
||||
|
<br>([Reporting](http://idhm.org) by [Abigail Summerville](https://daemin.org443) in New York City, [Shashwat Chauhan](https://prenavarseguridad.com.ar) and Sukriti Gupta in Bengaluru |
||||
Write
Preview
Loading…
Cancel
Save
Reference in new issue