Stocks decline sharply amid strong jobs data, rising Treasury yields, and a sell-off in AI stocks, marking the worst day of the year for major indices.
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Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates
The Nasdaq index fell 4.18% on June 5, its worst day since April 2025, amid a broad tech sell-off driven by chip stocks and investor concerns about interest rates.
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
U.S. stocks closed lower amid falling chip stocks and stronger-than-expected jobs data, fueling concerns over potential interest rate hikes.
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
The S&P 500 has denied entry to SpaceX, OpenAI, and Anthropic, citing strict eligibility criteria. This impacts potential passive fund inflows and company valuations.
Bally’s, Planet Fitness, and Choice Hotels Shares Are Falling, What You Need To Know
Shares of Bally’s, Planet Fitness, and Choice Hotels declined amid rising oil prices and inflation concerns, impacting investor sentiment and market outlook.
Offerpad, Comcast, and Sonos Shares Are Falling, What You Need To Know
Shares of Offerpad, Comcast, and Sonos declined sharply as market reacts to inflation fears and rising oil prices, impacting investor sentiment.
Anthropic confidentially submits draft S-1 to the SEC
Anthropic has submitted a draft S-1 to the SEC, indicating plans for a possible initial public offering, contingent on market conditions.
Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
This analysis explores whether the stock market can accommodate the valuations and funding levels of Anthropic, SpaceX, and OpenAI amid ongoing market shifts.
Costco Profit Rises as Value Offerings Draw Pressured Consumers
Costco reports increased profits amid ongoing consumer pressure, driven by its value-focused offerings, according to recent earnings data.
FBI Arrests CIA Official with $40M in Gold Bars in His Home
A senior CIA official was arrested after authorities found over $40 million worth of gold bars at his home in Virginia, raising questions about his conduct.