CONNECT WITH US
AI & Deeptech

AI & Deeptech

Apple drops with most of Wall Street, but gains for other Big Tech stocks cushion the blow

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Apple drops with most of Wall Street, but gains for other Big Tech stocks cushion the blow

Business News Tech AI Apple drops with most of Wall Street, but gains for other Big Tech stocks cushion the blow

Apple drops with most of Wall Street, but gains for other Big Tech stocks cushion the blow

The stock market has been shaky recently as technology and artificial-intelligence stocks have swung on worries their prices shot too high in the frenzy around AI. Several of the most influential AI-related stocks held firmer Tuesday, which supported the market, after flipping from gains in the morning to losses in the afternoon a day earlier.

The U.S. stock market is drifting in mixed trading on Tuesday, with Apple falling but other Big Tech stocks picking up the slack following their own big swings. The S&P 500 added 0.3%, even though more stocks fell within the index than rose. The Dow Jones Industrial Average was down 286 points, or 0.6%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.7% higher. The stock market has been shaky recently as technology and artificial-intelligence stocks have swung on worries their prices shot too high in the frenzy around AI. Several of the most influential AI-related stocks held firmer Tuesday, which supported the market, after flipping from gains in the morning to losses in the afternoon a day earlier.

9% and was the strongest force pushing upward on the S&P 500 Tuesday. 6% for Advanced Micro Devices. Apple was long seen on Wall Street as a Big Tech company that's less dependent on AI.



Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.