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Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Treasuries climbed across the curve Thursday, pushing long-end yields to the lowest in a month, as renewed doubts about the durability of the artificial intelligence trade drove investors toward havens.
US equity-index futures fell as a technology rally faded, trimming gains sparked by strong earnings that had bolstered confidence in the artificial intelligence trade.
US futures climbed on Wednesday, after solid earnings from SpaceX and Super Micro Computer Inc. bolstered a bullish view of the artificial-intelligence trade. Attention turns next to earnings from tech giants Meta Platforms Inc. and Tesla Inc., due after the bell.
US stock futures rose after strong results from SpaceX eased concerns over whether a global investment spree in artificial intelligence can prove sustainable. Meta investors will be looking for any updates on the companyโs artificial intelligence spending when it reports quarterly results on Wednesday after the market close. Theyโll also be watching for signs that the company is making progress in offsetting those costs by monetizing its cloud business. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Norah Mulinda. (Source: Bloomberg)
US tech stocks fell on AI debt worries and the dollar slipped; euro area inflation was confirmed at 3.8% and China's GDP is due on 19 October. The post US Tech Stocks Fall Over 2% as AI Debt Fears Grow | Global Economy, Oct 17 appeared first on The Rio Times.
Wall Street has spent the year betting on staggering AI growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at $110 a barrel threatening to make inflation harder to contain.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec. (Source: Bloomberg)