S&P 500 And NASDAQ Hit All-Time Records
Wall Street stocks are mixed with a sell-off occurring in the technology sector. The Nasdaq has declined by 1.25 percent while the S&P 500 is down 0.67 percent. Investors are expressing concerns regarding overspending on artificial intelligence, specifically following missed earnings and user targets by OpenAI. The Dow Jones Industrial Average is up approximately 0.2 percent. Oil prices are trading near 100 dollars per barrel. The Nasdaq reached a new record high of 24,892 points, gaining 219 points. This occurred despite a net decline in shares for Nvidia, Meta, and Microsoft. The tech companies saw declines following quarterly results that were lower than anticipated. This performance marks the best monthly performance for both indices since 2020. Investors attributed the gains to strong corporate profits and a resilient US economy.
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Sources · 7 independent
Bloomberg Radio
“Wall Street stocks are mixed, mostly lower this hour on a sell-off in the tech sector. That's on concerns about overspending last year on AI, especially the company Open AI, the maker of the Chatbot, ChatGPT, had missed some earnings and user targets.”
RFI Monde
“le Nasdaq en grappillant 219 points atteint un nouveau record à 24 892. Le Nasdaq aurait fait encore mieux, 100 de net recul de Nvidia, Meta et Microsoft.”
CNA938 Singapore
“Wall Street has ended the month of April on a massive high note, both the S&P 500 and the NASDAQ hitting all-time records.”
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